Morgan, VT (05853) is a small town located in the Northeast Kingdom of Vermont. It has a population of just over 500 people and is known for its rural charm and natural beauty. The area is home to some great local companies such as Morgan General Store, the Morgan Country Store, and the Morgan General Repair Shop. The average two bedroom rental cost in Morgan, VT is $960 per month, which is significantly lower than the U.S. average of $1,430 per month. Additionally, the Grocery Cost Index in Morgan is 106 compared to 100 nationally. These factors make this small town an excellent location for those looking for affordable living and great local businesses.
Morgan (zip 05853) has an unemployment rate of 4.5%. The US average is 6.0%.
Morgan (zip 05853) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Morgan (zip 05853)
- The Sales Tax Rate for Morgan (zip 05853) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Morgan (zip 05853) is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morgan (zip 05853)
- The average income of a Morgan (zip 05853) resident is $29,202 a year. The US average is $28,555 a year.
- The Median household income of a Morgan (zip 05853) resident is $84,306 a year. The US average is $69,021 a year.