Morgan, VT is a small rural town located in the Northwestern corner of Vermont. The town has a population of about 900 people and offers a peaceful atmosphere for its residents. The cost of living is very affordable, with 2-bedroom rent at $940 per month, compared to the US average of $1,430. Additionally, grocery costs are 6% lower than the national average. Morgan is home to local businesses such as Diamond Peak Ski Resort and Riverside Lodge & Restaurant. Residents can also enjoy leisure activities around town including hiking trails around nearby lakes and rivers.
Morgan has an unemployment rate of 3.3%. The US average is 6.0%.
Morgan has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Morgan
- The Sales Tax Rate for Morgan is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Morgan is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morgan
- The average income of a Morgan resident is $29,202 a year. The US average is $28,555 a year.
- The Median household income of a Morgan resident is $78,611 a year. The US average is $69,021 a year.