Morgan's Point, TX is a small town located in the Gulf Coast region of Texas. It has a population of just over 6,000 people and is known for its picturesque views of Galveston Bay and the city skyline. Renting a two bedroom home in Morgan's Point, TX is more affordable than in other US cities with an average rent being $1,280 compared to the national average of $1,430. Additionally, grocery costs are lower when compared to the rest of the US with an index score of 97 versus 100. There are several local businesses that contribute to Morgan's Point's economy such as Palms Seafood House & Oyster Bar, Splendid Sun Tanning Salon and A2Z Electronics and Communication Solutions.
Morgan's Point has an unemployment rate of 8.0%. The US average is 6.0%.
Morgan's Point has seen the job market increase by 3.2% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.
Tax Rates for Morgan's Point
- The Sales Tax Rate for Morgan's Point is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Morgan's Point 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's Point
- The average income of a Morgan's Point resident is $53,136 a year. The US average is $28,555 a year.
- The Median household income of a Morgan's Point resident is $91,458 a year. The US average is $69,021 a year.