Fort Morgan, CO Metro Area is a great place to live as it has low rental costs and grocery costs. The average 2 bedroom rent is $1,080, which is much lower than the national average of $1,430. Also, the Grocery Cost Index in Fort Morgan is 96 compared to the US index of 100. Some major companies located in Fort Morgan are Hormel Foods Corporation, Eastman Kodak Company, and Cargill Incorporated. These companies provide many local job opportunities for citizens in the area.
Fort Morgan Metro Area has an unemployment rate of 5.7%. The US average is 6.0%.
Fort Morgan Metro Area has seen the job market increase by 4.7% over the last year. Future job growth over the next ten years is predicted to be 53.4%, which is higher than the US average of 33.5%.
Tax Rates for Fort Morgan Metro Area
- The Sales Tax Rate for Fort Morgan Metro Area is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Fort Morgan Metro Area is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fort Morgan Metro Area
- The average income of a Fort Morgan Metro Area resident is $21,297 a year. The US average is $28,555 a year.
- The Median household income of a Fort Morgan Metro Area resident is $62,914 a year. The US average is $69,021 a year.