Zip 84050 (Morgan, UT) Economy


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Morgan, Utah is an ideal place for those needing a two-bedroom rental. With rent at $1,410 per month in Morgan, it is cheaper than the US average of $1,430 per month. The Grocery Cost Index in Morgan is 97 versus the 100 in the US, making groceries more affordable here than other areas. Local companies that offer groceries include Kelsa Market and Morrisons Supermarket which both provide high-quality options to Morgan residents. Additionally, local farmers' markets are a popular choice among many locals as they offer fresh produce and other items grown and produced within the area.

Morgan (zip 84050) has an unemployment rate of 2.2%. The US average is 6.0%.

Morgan (zip 84050) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 43.9%, which is higher than the US average of 33.5%.

Tax Rates for Morgan (zip 84050)
- The Sales Tax Rate for Morgan (zip 84050) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Morgan (zip 84050) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Morgan (zip 84050)
- The average income of a Morgan (zip 84050) resident is $27,945 a year. The US average is $28,555 a year.
- The Median household income of a Morgan (zip 84050) resident is $112,868 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMorgan, UtahUnited States
  2.26
  -0.5%-6.2%
  43.9%33.5%
  6.0%6.2%
  5.0%4.6%
  $38,437$37,638
  $112,868$69,021
  $120,021$85,028
  Population by Occupation
  2.7%1.2%
  0.6%0.5%
  12.6%6.8%
  8.7%10.0%
  3.2%2.5%
  6.8%11.0%
  4.5%4.8%
  0.6%0.8%
  1.4%1.9%
  3.4%4.7%
  1.5%1.9%
  8.6%7.6%
  0.2%0.1%
  1.3%4.2%
  11.1%9.3%
  13.2%14.0%
  1.3%2.1%
  6.5%7.0%
  4.6%4.8%
  7.3%4.7%
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