Morgan, TN County is a small county located in the state of Tennessee. It has a population of around 8,800 people, making it an ideal place to live for those looking for peace and quiet. The cost of living in Morgan County is very affordable with 2 bedroom rent at only $800 a month and the grocery cost index being 94 compared to 100 in the US. \nThis area is known for its agriculture and farming industry with local companies such as JT Mathews Farms, Hall's Four Seasons Farm & Nursery and Porterfield Farms operating in the region. There are also several other businesses including restaurants, cafes and retail stores that make Morgan County an attractive place to live. With its beautiful scenery and access to outdoor activities, Morgan County is a great place for families or individuals who prefer a rural lifestyle.
Morgan County has an unemployment rate of 5.8%. The US average is 6.0%.
Morgan County has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Morgan County
- The Sales Tax Rate for Morgan County is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Morgan County 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 County
- The average income of a Morgan County resident is $23,436 a year. The US average is $37,638 a year.
- The Median household income of a Morgan County resident is $45,133 a year. The US average is $69,021 a year.