Morenci, Arizona (85540) is an unincorporated community located in Greenlee County with a population of 1,879 according to the 2010 census. It is home to several leading companies including Freeport-McMoRan Morenci Inc., Phelps Dodge Morenci Mine, Morenci Unified School District and more. The cost of living here is relatively low; rent for a two bedroom apartment averages around $950 compared to the US average of $1,430. Grocery costs are also low with an index rating of 95 compared to the national average of 100. All in all, Morenci offers residents an incredibly affordable lifestyle and plenty of employment opportunities making it an ideal place to call home.
Morenci (zip 85540) has an unemployment rate of 5.4%. The US average is 6.0%.
Morenci (zip 85540) has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Morenci (zip 85540)
- The Sales Tax Rate for Morenci (zip 85540) is 9.1%. The US average is 7.3%.
- The Income Tax Rate for Morenci (zip 85540) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morenci (zip 85540)
- The average income of a Morenci (zip 85540) resident is $28,098 a year. The US average is $37,638 a year.
- The Median household income of a Morenci (zip 85540) resident is $71,929 a year. The US average is $69,021 a year.