Living in Morgantown, Kentucky
Cost of living, income, home prices, rent and demographics of Morgantown · Census data 2020–2024
Morgantown has 2,479 residents with a median age of 35.1. The median household income is $37,604 (41% lower than the Kentucky median), the median home value is $114,000, the median rent is $628/month.
Morgantown at a glance
- Population
- 2,479
- Median age
- 35.1State: 39.1
- Median household income
- $37,604State: $63,726
- Median home value
- $114,000State: $205,600
- Median rent
- $628/moState: $967
- Homeowners
- 31.1%
- Bachelor's degree or higher
- 5.3%
- Average commute
- 23 min
Is Morgantown a good place to live?
Pros: Home values 45% lower than the state median; an average commute of 23 minutes.
Cons: Median household income 41% lower than the Kentucky median; unemployment of 12.9%; a poverty rate of 37.3%.
The weather is best in May and August to October.
Cost of living in Morgantown
Housing is the biggest part of the cost of living. In Morgantown the median home value is $114,000, 66% lower than the U.S. median. Renters pay a median of $628 per month, which is 26.7% of household income. Homeowners with a mortgage pay $1,063 a month in housing costs.
Morgantown median household income
The median household income in Morgantown is $37,604 and the income per person is $20,259. 37.3% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Morgantown: homes for sale and rent
- Housing units
- 1,034
- Owner-occupied
- 31.1%
- Renter-occupied
- 68.9%
- Vacant
- 12.1%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.55
Morgantown demographics
- Population
- 2,479
- Median age
- 35.1
- Under 18
- 26.4%
- 65 and older
- 17.3%
- Households
- 909
- Foreign-born
- 6.9%
- Veterans
- 9.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Morgantown ›
Education in Morgantown
5.3% of adults 25 and older in Morgantown have a bachelor's degree or higher (Kentucky: 27.6%), and 2.3% have a graduate or professional degree.
Jobs and commute in Morgantown
- Unemployment rate
- 12.9%State: 4.9%
- Average commute
- 23 minState: 24 min
- Work from home
- 0.4%
- Drive alone
- 79%
- Public transit
- 0%
- Walk to work
- 2%
- Homes with broadband
- 83.4%
Morgantown vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Morgantown | 2,479 | $37,604 | $114,000 | $628 |
| Rochester | 155 | $78,542 | $167,500 | $943 |
| Beaver Dam | 3,524 | $53,944 | $167,900 | $696 |
| McHenry | 385 | $40,000 | $96,100 | $665 |
| Rockport | 233 | $64,000 | $95,000 | — |
| Caneyville | 474 | $21,563 | $116,400 | $671 |
| Dunmor | 209 | $41,806 | $151,100 | — |
| Beechmont | 771 | $52,240 | $162,900 | — |
| Drakesboro | 320 | $34,375 | $75,500 | $964 |
More for people moving to Morgantown
Morgantown ZIP code ›Weather and climate ›Living in Morgantown: FAQ
What is the median household income in Morgantown, KY?
The median household income in Morgantown is $37,604, 41% 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 Morgantown?
The median home value in Morgantown is $114,000, compared with $205,600 in Kentucky.
How much is rent in Morgantown?
The median gross rent in Morgantown is $628 per month, about 26.7% of household income.
Is Morgantown, KY a good place to live?
Pluses: home values 45% lower than the state median; an average commute of 23 minutes. Minuses: median household income 41% lower than the Kentucky median; unemployment of 12.9%; a poverty rate of 37.3%.
What is the median age in Morgantown?
The median age in Morgantown is 35.1 years (Kentucky: 39.1).
How long is the commute in Morgantown?
The average commute to work in Morgantown is 23 minutes; 0.4% of workers work from home.
What is the unemployment rate in Morgantown?
The unemployment rate in Morgantown is 12.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Morgantown?
5.3% 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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