Morgan, KY County is a great place to call home. It is an affordable area to live with a median two bedroom rent of $740 compared to the US average of $1,430. Cost of groceries here is also lower than the national average, making it an economically viable option for those looking for a place to live. Morgan boasts many local companies including Morgan Precision Machining LLC and M&W Logging Co. There are plenty of fun activities nearby such as the Turner Trace Golf Course, Sunset View Country Club and Morgantown Marina & Resort. With so much to do and see, Morgan is an ideal place to call home.
Morgan County has an unemployment rate of 6.7%. The US average is 6.0%.
Morgan County has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Morgan County
- The Sales Tax Rate for Morgan County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Morgan County is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morgan County
- The average income of a Morgan County resident is $20,004 a year. The US average is $37,638 a year.
- The Median household income of a Morgan County resident is $41,664 a year. The US average is $69,021 a year.