Morgan Hill, CA 95037 is a vibrant community in the heart of Santa Clara County. Located south of San Jose and about an hour from San Francisco, Morgan Hill offers small-town charm with big city amenities. The median rent for a two bedroom apartment in this area is $2,530 which is higher than the US average of $1,430. Grocery costs are also slightly higher, with the Grocery Index being 113 in Morgan Hill versus 100 across the US.
The population of Morgan Hill is estimated at 42,957 with residents hailing from all walks of life—from families to young professionals to retirees. Local companies include Bio-Rad Laboratories Inc., Artech Information Systems LLC and Imprivata Inc., so there are plenty of job opportunities available in the area. Outdoor enthusiasts will be delighted by nearby parks like Calero County Park and Henry W. Coe State Park where people can enjoy hiking trails or even horseback riding through the nearby hills and mountains. With plenty of interesting restaurants, art galleries, museums and wineries to explore as well, Morgan Hill has something for everyone to enjoy!
Morgan Hill (zip 95037) has an unemployment rate of 5.2%. The US average is 6.0%.
Morgan Hill (zip 95037) has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 45.1%, which is higher than the US average of 33.5%.
Tax Rates for Morgan Hill (zip 95037)
- The Sales Tax Rate for Morgan Hill (zip 95037) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Morgan Hill (zip 95037) is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morgan Hill (zip 95037)
- The average income of a Morgan Hill (zip 95037) resident is $42,416 a year. The US average is $28,555 a year.
- The Median household income of a Morgan Hill (zip 95037) resident is $139,716 a year. The US average is $69,021 a year.