Morgan, Minnesota, located in zip code 56266, is an affordable place to live. The 2 bedroom rent is $810 compared to the US average of $1,430. Additionally, the grocery cost index in Morgan is 94 versus 100 in the US. For those looking for quality and economical options for their everyday needs, local companies such as Paulson's Grocery Store or Imholte Manufacturing Co are great places to go. Paulson’s Grocery Store has been serving Morgan and its surrounding communities since 1910 and offers a wide selection of groceries. Imholte Manufacturing Co is a family-owned business that has been operating since 1932 and provides a variety of services in the agricultural and manufacturing industries.
Morgan (zip 56266) has an unemployment rate of 5.5%. The US average is 6.0%.
Morgan (zip 56266) has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Morgan (zip 56266)
- The Sales Tax Rate for Morgan (zip 56266) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Morgan (zip 56266) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morgan (zip 56266)
- The average income of a Morgan (zip 56266) resident is $27,383 a year. The US average is $28,555 a year.
- The Median household income of a Morgan (zip 56266) resident is $60,536 a year. The US average is $69,021 a year.