Living in Morganfield, Kentucky
Cost of living, income, home prices, rent and demographics of Morganfield · Census data 2020–2024
Morganfield has 3,185 residents with a median age of 45.9. The median household income is $65,829 (3% higher than the Kentucky median), the median home value is $113,600, the median rent is $852/month.
Morganfield at a glance
- Population
- 3,185
- Median age
- 45.9State: 39.1
- Median household income
- $65,829State: $63,726
- Median home value
- $113,600State: $205,600
- Median rent
- $852/moState: $967
- Homeowners
- 57.3%
- Bachelor's degree or higher
- 17.4%
- Average commute
- 19 min
Is Morganfield a good place to live?
Pros: Median household income 3% higher than the Kentucky median; home values 45% lower than the state median; an average commute of 19 minutes; unemployment of 0.4%; a poverty rate of 15.9%.
The weather is best in May and August to October.
Cost of living in Morganfield
Housing is the biggest part of the cost of living. In Morganfield the median home value is $113,600, 66% lower than the U.S. median. Renters pay a median of $852 per month, which is 22.5% of household income. Homeowners with a mortgage pay $1,529 a month in housing costs.
Morganfield median household income
The median household income in Morganfield is $65,829 and the income per person is $36,240. 15.9% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Morganfield: homes for sale and rent
- Housing units
- 1,630
- Owner-occupied
- 57.3%
- Renter-occupied
- 42.7%
- Vacant
- 18.3%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.28
Morganfield demographics
- Population
- 3,185
- Median age
- 45.9
- Under 18
- 18.7%
- 65 and older
- 26.3%
- Households
- 1,331
- Foreign-born
- 0.4%
- Veterans
- 8.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Morganfield ›
Education in Morganfield
17.4% of adults 25 and older in Morganfield have a bachelor's degree or higher (Kentucky: 27.6%), and 5.9% have a graduate or professional degree.
Jobs and commute in Morganfield
- Unemployment rate
- 0.4%State: 4.9%
- Average commute
- 19 minState: 24 min
- Work from home
- 2.1%
- Drive alone
- 89.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 91.4%
Morganfield vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Morganfield | 3,185 | $65,829 | $113,600 | $852 |
| Breckinridge Center | 1,467 | $64,152 | — | $1,013 |
| Waverly | 403 | $62,188 | $95,000 | $831 |
| Uniontown | 874 | $43,857 | $61,900 | $598 |
| Corydon | 741 | $56,304 | $131,700 | $732 |
| Sturgis | 1,864 | $36,780 | $84,500 | $678 |
| Clay | 996 | $61,250 | $74,400 | $772 |
| Dixon | 1,036 | $46,607 | $82,500 | $781 |
| Shawneetown | 1,087 | $48,194 | $85,700 | $428 |
More for people moving to Morganfield
Morganfield ZIP code ›Weather and climate ›Living in Morganfield: FAQ
What is the median household income in Morganfield, KY?
The median household income in Morganfield is $65,829, 3% higher 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 Morganfield?
The median home value in Morganfield is $113,600, compared with $205,600 in Kentucky.
How much is rent in Morganfield?
The median gross rent in Morganfield is $852 per month, about 22.5% of household income.
Is Morganfield, KY a good place to live?
Pluses: median household income 3% higher than the Kentucky median; home values 45% lower than the state median; an average commute of 19 minutes; unemployment of 0.4%; a poverty rate of 15.9%.
What is the median age in Morganfield?
The median age in Morganfield is 45.9 years (Kentucky: 39.1).
How long is the commute in Morganfield?
The average commute to work in Morganfield is 19 minutes; 2.1% of workers work from home.
What is the unemployment rate in Morganfield?
The unemployment rate in Morganfield is 0.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Morganfield?
17.4% of adults in Morganfield 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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