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Page2of2Morro Bay has a population of approximately 10,785 and experiences a population change rate of 4.20%. The population density is 2,025.7 / sq mi .
The median household income for Morro Bay is $80,808, with 4,884 households and an average household size of 2.18.
The median value of a home in Morro Bay is $906,200 with an appreciation rate of 14.20%. 44.08% of housing in the state is owned while 33.39% is rented.
The cost of living in Morro Bay is 171.8 %.
The unemployment rate in Morro Bay is 3.00%, and recent job growth is at 1.40%. Future job growth is projected at 43.24%.
The sales tax rate in Morro Bay is 8.75%, while the income tax rate is 9.30% .
School expenditures in Morro Bay are $15,908, and the school ratio is 20.9:1.
The average high temperature in July is 69.8 degrees, with an average low temperature in January of 44.3 degrees. The average rainfall is approximately 19 inches per year, with 0 inches of snow per year.
