Living in Morehead, Kentucky
Cost of living, income, home prices, rent and demographics of Morehead · Census data 2020–2024
Morehead has 6,870 residents with a median age of 22. The median household income is $36,741 (42% lower than the Kentucky median), the median home value is $184,900, the median rent is $800/month.
Morehead at a glance
- Population
- 6,870
- Median age
- 22State: 39.1
- Median household income
- $36,741State: $63,726
- Median home value
- $184,900State: $205,600
- Median rent
- $800/moState: $967
- Homeowners
- 33%
- Bachelor's degree or higher
- 29.9%
- Average commute
- 19 min
Is Morehead a good place to live?
Pros: Home values 10% lower than the state median; an average commute of 19 minutes.
Cons: Median household income 42% lower than the Kentucky median; unemployment of 5.4%; a poverty rate of 38%.
The weather is best in May–June and August–September.
Cost of living in Morehead
Housing is the biggest part of the cost of living. In Morehead the median home value is $184,900, 44% lower than the U.S. median. Renters pay a median of $800 per month, which is 36.5% of household income. Homeowners with a mortgage pay $1,313 a month in housing costs.
Morehead median household income
The median household income in Morehead is $36,741 and the income per person is $23,475. 38% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Morehead: homes for sale and rent
- Housing units
- 2,042
- Owner-occupied
- 33%
- Renter-occupied
- 67%
- Vacant
- 9.2%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.16
Morehead demographics
- Population
- 6,870
- Median age
- 22
- Under 18
- 12.5%
- 65 and older
- 7.7%
- Households
- 1,854
- Foreign-born
- 2.7%
- Veterans
- 1.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Morehead ›
Education in Morehead
29.9% of adults 25 and older in Morehead have a bachelor's degree or higher (Kentucky: 27.6%), and 16% have a graduate or professional degree.
Jobs and commute in Morehead
- Unemployment rate
- 5.4%State: 4.9%
- Average commute
- 19 minState: 24 min
- Work from home
- 11.6%
- Drive alone
- 59%
- Public transit
- 0%
- Walk to work
- 25.4%
- Homes with broadband
- 94.9%
Morehead vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Morehead | 6,870 | $36,741 | $184,900 | $800 |
| Lakeview Heights | 332 | $86,250 | $200,000 | — |
| Salt Lick | 274 | $51,146 | $112,500 | $840 |
| Owingsville | 1,621 | $40,053 | $118,300 | $442 |
| Olive Hill | 1,636 | $70,682 | $136,700 | $542 |
| Frenchburg | 643 | $26,806 | $131,400 | $268 |
| Ezel | 313 | $41,000 | $105,400 | — |
| West Liberty | 3,295 | $48,235 | $206,300 | $600 |
| Flemingsburg | 2,965 | $35,493 | $132,800 | $716 |
More for people moving to Morehead
Morehead ZIP code ›Weather and climate ›Living in Morehead: FAQ
What is the median household income in Morehead, KY?
The median household income in Morehead is $36,741, 42% lower than the Kentucky median of $63,726 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Morehead?
The median home value in Morehead is $184,900, compared with $205,600 in Kentucky.
How much is rent in Morehead?
The median gross rent in Morehead is $800 per month, about 36.5% of household income.
Is Morehead, KY a good place to live?
Pluses: home values 10% lower than the state median; an average commute of 19 minutes. Minuses: median household income 42% lower than the Kentucky median; unemployment of 5.4%; a poverty rate of 38%.
What is the median age in Morehead?
The median age in Morehead is 22 years (Kentucky: 39.1).
How long is the commute in Morehead?
The average commute to work in Morehead is 19 minutes; 11.6% of workers work from home.
What is the unemployment rate in Morehead?
The unemployment rate in Morehead is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Morehead?
29.9% of adults in Morehead 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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