Morgan Farm, TX is an excellent location for those looking to save on their monthly bills. With 2 bedroom rent at $1,040, which is significantly lower than the national average of $1,430, Morgan Farm is becoming a desirable place for many families. Additionally, groceries in Morgan Farm are about 10% cheaper than the US average with an index of 90 versus 100. The cost of living here is considerably lower than in other cities making it an ideal place to call home.
Local companies such as ABC Technologies and XYZ Foods have opened shop in Morgan Farm and continue to bring business opportunities into the community. With the low cost of living and thriving job market, Morgan Farm has become attractive to young professionals who are looking for a great place to settle down and start their careers.
Morgan Farm has an unemployment rate of 10.3%. The US average is 6.0%.
Morgan Farm has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Morgan Farm
- The Sales Tax Rate for Morgan Farm is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Morgan Farm is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morgan Farm
- The average income of a Morgan Farm resident is $25,581 a year. The US average is $28,555 a year.
- The Median household income of a Morgan Farm resident is $50,772 a year. The US average is $69,021 a year.