Living in Morgantown, Mississippi
Cost of living, income, home prices, rent and demographics of Morgantown · Census data 2020–2024
Morgantown has 1,038 residents with a median age of 46.2. The median household income is $52,308 (7% lower than the Mississippi median), the median home value is $95,100, the median rent is $928/month.
Morgantown is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Morgantown at a glance
- Population
- 1,038
- Median age
- 46.2State: 38.6
- Median household income
- $52,308State: $56,447
- Median home value
- $95,100State: $169,800
- Median rent
- $928/moState: $954
- Homeowners
- 75.4%
- Bachelor's degree or higher
- 14.8%
- Average commute
- 15 min
Is Morgantown a good place to live?
Pros: Home values 44% lower than the state median; an average commute of 15 minutes; unemployment of 5.6%.
Cons: Median household income 7% lower than the Mississippi median; a poverty rate of 19.2%.
The weather is best in April–May and September–October.
Cost of living in Morgantown
Housing is the biggest part of the cost of living. In Morgantown the median home value is $95,100, 71% lower than the U.S. median. Renters pay a median of $928 per month, which is 17% of household income. Homeowners with a mortgage pay $756 a month in housing costs.
Morgantown median household income
The median household income in Morgantown is $52,308 and the income per person is $38,733. 19.2% of residents live below the poverty line (Mississippi: 18.9%).
Housing in Morgantown: homes for sale and rent
- Housing units
- 516
- Owner-occupied
- 75.4%
- Renter-occupied
- 24.6%
- Vacant
- 13.2%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.32
Morgantown demographics
- Population
- 1,038
- Median age
- 46.2
- Under 18
- 8.9%
- 65 and older
- 24.7%
- Households
- 448
- Foreign-born
- 1.9%
- Veterans
- 5.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Morgantown ›
Education in Morgantown
14.8% of adults 25 and older in Morgantown have a bachelor's degree or higher (Mississippi: 25.1%), and 8.2% have a graduate or professional degree.
Jobs and commute in Morgantown
- Unemployment rate
- 5.6%State: 5.8%
- Average commute
- 15 minState: 26 min
- Work from home
- 0%
- Drive alone
- 77.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 95.3%
Morgantown vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Morgantown | 1,038 | $52,308 | $95,100 | $928 |
| Natchez | 14,192 | $36,735 | $119,400 | $806 |
| Vidalia | 3,928 | $48,250 | $152,500 | $1,127 |
| Cloverdale | 676 | $44,878 | — | — |
| Minorca | 1,430 | $36,113 | $57,300 | $470 |
| Ridgecrest | 1,007 | $41,910 | $57,500 | $971 |
| Spokane | 442 | $97,361 | — | — |
| Ferriday | 3,098 | $28,467 | $84,800 | $765 |
| Clayton | 272 | $30,962 | $73,800 | $442 |
More for people moving to Morgantown
Morgantown ZIP code ›Weather and climate ›Living in Morgantown: FAQ
What is the median household income in Morgantown, MS?
The median household income in Morgantown is $52,308, 7% lower than the Mississippi median of $56,447 (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 $95,100, compared with $169,800 in Mississippi.
How much is rent in Morgantown?
The median gross rent in Morgantown is $928 per month, about 17% of household income.
Is Morgantown, MS a good place to live?
Pluses: home values 44% lower than the state median; an average commute of 15 minutes; unemployment of 5.6%. Minuses: median household income 7% lower than the Mississippi median; a poverty rate of 19.2%.
What is the median age in Morgantown?
The median age in Morgantown is 46.2 years (Mississippi: 38.6).
How long is the commute in Morgantown?
The average commute to work in Morgantown is 15 minutes; 0% of workers work from home.
What is the unemployment rate in Morgantown?
The unemployment rate in Morgantown is 5.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Morgantown?
14.8% 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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