Living in Morgantown, Indiana
Cost of living, income, home prices, rent and demographics of Morgantown · Census data 2020–2024
Morgantown has 1,308 residents with a median age of 34.9. The median household income is $54,007 (25% lower than the Indiana median), the median home value is $133,600, the median rent is $908/month.
Morgantown is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Morgantown at a glance
- Population
- 1,308
- Median age
- 34.9State: 38.1
- Median household income
- $54,007State: $71,957
- Median home value
- $133,600State: $218,200
- Median rent
- $908/moState: $1,062
- Homeowners
- 74.1%
- Bachelor's degree or higher
- 7.3%
- Average commute
- 38 min
Is Morgantown a good place to live?
Pros: Home values 39% lower than the state median.
Cons: Median household income 25% lower than the Indiana median; an average commute of 38 minutes; unemployment of 16%; a poverty rate of 15%.
The weather is best in June to September.
Cost of living in Morgantown
Housing is the biggest part of the cost of living. In Morgantown the median home value is $133,600, 60% lower than the U.S. median. Renters pay a median of $908 per month, which is 32.3% of household income. Homeowners with a mortgage pay $1,175 a month in housing costs.
Morgantown median household income
The median household income in Morgantown is $54,007 and the income per person is $26,188. 15% of residents live below the poverty line (Indiana: 12.3%).
Housing in Morgantown: homes for sale and rent
- Housing units
- 471
- Owner-occupied
- 74.1%
- Renter-occupied
- 25.9%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1952
- Average household size
- 2.70
Morgantown demographics
- Population
- 1,308
- Median age
- 34.9
- Under 18
- 28.7%
- 65 and older
- 13.8%
- Households
- 471
- Foreign-born
- 0.2%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Morgantown ›
Education in Morgantown
7.3% of adults 25 and older in Morgantown have a bachelor's degree or higher (Indiana: 29.5%), and 3.5% have a graduate or professional degree.
Jobs and commute in Morgantown
- Unemployment rate
- 16%State: 4.3%
- Average commute
- 38 minState: 24 min
- Work from home
- 6.3%
- Drive alone
- 82.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 91.7%
Morgantown vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Morgantown | 1,308 | $54,007 | $133,600 | $908 |
| Painted Hills | 948 | $93,838 | $305,200 | — |
| Trafalgar | 1,469 | $77,885 | $233,600 | $1,024 |
| Prince's Lakes | 1,188 | $89,375 | $245,000 | $1,292 |
| Cordry Sweetwater Lakes | 1,190 | $94,583 | $340,900 | — |
| Nineveh | 559 | $54,233 | $176,000 | — |
| Martinsville | 11,933 | $60,177 | $163,400 | $983 |
| Foxcliff Estates | 1,674 | $142,070 | $488,800 | — |
| Nashville | 1,386 | $51,638 | $294,900 | $822 |
More for people moving to Morgantown
Morgantown ZIP code ›Weather and climate ›Living in Morgantown: FAQ
What is the median household income in Morgantown, IN?
The median household income in Morgantown is $54,007, 25% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Morgantown?
The median home value in Morgantown is $133,600, compared with $218,200 in Indiana.
How much is rent in Morgantown?
The median gross rent in Morgantown is $908 per month, about 32.3% of household income.
Is Morgantown, IN a good place to live?
Pluses: home values 39% lower than the state median. Minuses: median household income 25% lower than the Indiana median; an average commute of 38 minutes; unemployment of 16%; a poverty rate of 15%.
What is the median age in Morgantown?
The median age in Morgantown is 34.9 years (Indiana: 38.1).
How long is the commute in Morgantown?
The average commute to work in Morgantown is 38 minutes; 6.3% of workers work from home.
What is the unemployment rate in Morgantown?
The unemployment rate in Morgantown is 16% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Morgantown?
7.3% of adults in Morgantown have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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