Morgantown Metro Area, WV Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
United States / West Virginia / Morgantown Metro Area / Counties / Cities / Zip Codes
Morgantown, WV Metro Area is a great place to live and work. Local companies such as Mylan Pharmaceuticals, WVU Medicine, and Energy Systems Group are just a few of the major employers in the area. Rent for two bedroom apartments is much lower than the US average at $980 per month compared to $1,430 nationally. Grocery costs are also lower than other parts of the nation with a Grocery Cost Index of 98 versus 100 nationwide. All these factors make Morgantown an attractive location for those looking for a stable career and affordable living costs.

Morgantown Metro Area has an unemployment rate of 4.6%. The US average is 6.0%.

Morgantown Metro Area has seen the job market decrease by -3.3% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.

Tax Rates for Morgantown Metro Area
- The Sales Tax Rate for Morgantown Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Morgantown Metro Area is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Morgantown Metro Area
- The average income of a Morgantown Metro Area resident is $34,054 a year. The US average is $37,638 a year.
- The Median household income of a Morgantown Metro Area resident is $56,312 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMorgantown, West VirginiaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.