Morganton, North Carolina (28655) is a small yet vibrant city known for its historic downtown area offering plenty of unique shopping and dining experiences. The average rent for 2 bedroom apartments in this area is $1,340 which is slightly lower than the US average of $1,430. Additionally, the grocery cost index in Morganton is 95 compared to 100 in the US.
Morganton offers many local businesses that have something to offer everyone. Some of these companies include Moravian Hardware for home improvement needs; Mountain Twisters Gymnastics to help with physical activity; H&H Produce for fresh fruits and vegetables; Sierra's Kitchen & Catering for delicious meals; and Hickory Automotive Group for car maintenance or purchasing needs. With all these great local businesses available in Morganton, it's no wonder why so many people choose to call it home!
Morganton (zip 28655) has an unemployment rate of 4.4%. The US average is 6.0%.
Morganton (zip 28655) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Morganton (zip 28655)
- The Sales Tax Rate for Morganton (zip 28655) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Morganton (zip 28655) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morganton (zip 28655)
- The average income of a Morganton (zip 28655) resident is $21,034 a year. The US average is $28,555 a year.
- The Median household income of a Morganton (zip 28655) resident is $45,725 a year. The US average is $69,021 a year.