Living in Morgan, Minnesota
Cost of living, income, home prices, rent and demographics of Morgan · Census data 2020–2024
Morgan has 925 residents with a median age of 41.4. The median household income is $55,833 (37% lower than the Minnesota median), the median home value is $117,400, the median rent is $1,018/month.
Morgan is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Morgan at a glance
- Population
- 925
- Median age
- 41.4State: 38.8
- Median household income
- $55,833State: $89,062
- Median home value
- $117,400State: $329,300
- Median rent
- $1,018/moState: $1,280
- Homeowners
- 78.3%
- Bachelor's degree or higher
- 19.2%
- Average commute
- 22 min
Is Morgan a good place to live?
Pros: Home values 64% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 37% lower than the Minnesota median; a poverty rate of 11.8%.
The weather is best in June to September.
Cost of living in Morgan
Housing is the biggest part of the cost of living. In Morgan the median home value is $117,400, 65% lower than the U.S. median. Renters pay a median of $1,018 per month, which is 51% of household income. Homeowners with a mortgage pay $1,250 a month in housing costs.
Morgan median household income
The median household income in Morgan is $55,833 and the income per person is $32,082. 11.8% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Morgan: homes for sale and rent
- Housing units
- 403
- Owner-occupied
- 78.3%
- Renter-occupied
- 21.7%
- Vacant
- 6.2%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.33
Morgan demographics
- Population
- 925
- Median age
- 41.4
- Under 18
- 23.6%
- 65 and older
- 21.7%
- Households
- 378
- Foreign-born
- 1.2%
- Veterans
- 8.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Morgan ›
Education in Morgan
19.2% of adults 25 and older in Morgan have a bachelor's degree or higher (Minnesota: 39.4%), and 3.4% have a graduate or professional degree.
Jobs and commute in Morgan
- Unemployment rate
- 0%State: 4.1%
- Average commute
- 22 minState: 23 min
- Work from home
- 8.2%
- Drive alone
- 72.5%
- Public transit
- 0%
- Walk to work
- 2.4%
- Homes with broadband
- 78.6%
Morgan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Morgan | 925 | $55,833 | $117,400 | $1,018 |
| Clements | 109 | $54,375 | $63,100 | — |
| Franklin | 526 | $51,500 | $89,800 | $838 |
| Morton | 384 | $53,036 | $78,100 | $825 |
| Redwood Falls | 5,068 | $61,750 | $162,100 | $832 |
| Fairfax | 1,088 | $60,172 | $116,300 | $432 |
| Springfield | 2,125 | $59,434 | $122,300 | $820 |
| Sleepy Eye | 3,444 | $66,911 | $147,600 | $782 |
| Wanda | 104 | $82,083 | $164,600 | — |
More for people moving to Morgan
Morgan ZIP code ›Weather and climate ›Living in Morgan: FAQ
What is the median household income in Morgan, MN?
The median household income in Morgan is $55,833, 37% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Morgan?
The median home value in Morgan is $117,400, compared with $329,300 in Minnesota.
How much is rent in Morgan?
The median gross rent in Morgan is $1,018 per month, about 51% of household income.
Is Morgan, MN a good place to live?
Pluses: home values 64% lower than the state median; an average commute of 22 minutes. Minuses: median household income 37% lower than the Minnesota median; a poverty rate of 11.8%.
What is the median age in Morgan?
The median age in Morgan is 41.4 years (Minnesota: 38.8).
How long is the commute in Morgan?
The average commute to work in Morgan is 22 minutes; 8.2% of workers work from home.
What is the unemployment rate in Morgan?
The unemployment rate in Morgan is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Morgan?
19.2% of adults in Morgan 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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