Living in Morgan, Vermont
Cost of living, income, home prices, rent and demographics of Morgan · Census data 2020–2024
Morgan has 827 residents with a median age of 40.9. The median household income is $91,250 (12% higher than the Vermont median), the median home value is $311,300, the median rent is $1,112/month.
Morgan is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Morgan at a glance
- Population
- 827
- Median age
- 40.9State: 43.1
- Median household income
- $91,250State: $81,203
- Median home value
- $311,300State: $316,600
- Median rent
- $1,112/moState: $1,234
- Homeowners
- 84.8%
- Bachelor's degree or higher
- 34%
- Average commute
- 27 min
Is Morgan a good place to live?
Pros: Median household income 12% higher than the Vermont median; home values about the same as the state median; a poverty rate of 10%.
Cons: An average commute of 27 minutes.
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 $311,300, 6% lower than the U.S. median. Renters pay a median of $1,112 per month, which is 26.3% of household income. Homeowners with a mortgage pay $1,700 a month in housing costs.
Morgan median household income
The median household income in Morgan is $91,250 and the income per person is $74,515. 10% of residents live below the poverty line (Vermont: 10.1%).
Housing in Morgan: homes for sale and rent
- Housing units
- 764
- Owner-occupied
- 84.8%
- Renter-occupied
- 15.2%
- Vacant
- 50%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.16
50% of homes are vacant most of the year, a sign that Morgan has many vacation and second homes.
Morgan demographics
- Population
- 827
- Median age
- 40.9
- Under 18
- 21.5%
- 65 and older
- 27.7%
- Households
- 382
- Foreign-born
- 1.5%
- Veterans
- 14%Adults 18+
Hispanic or Latino can be of any race. Population history of Morgan ›
Education in Morgan
34% of adults 25 and older in Morgan have a bachelor's degree or higher (Vermont: 43.8%), and 5.4% have a graduate or professional degree.
Jobs and commute in Morgan
- Unemployment rate
- 0%State: 3.6%
- Average commute
- 27 minState: 24 min
- Work from home
- 22.4%
- Drive alone
- 54%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 91.6%
Morgan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Morgan | 827 | $91,250 | $311,300 | $1,112 |
| Charleston | 936 | $49,286 | $238,000 | $979 |
| Holland | 790 | $60,729 | $209,400 | $1,330 |
| Island Pond | 852 | $46,214 | $145,800 | $775 |
| Brighton | 1,167 | $47,375 | $163,900 | $775 |
| Norton | 108 | $65,625 | $200,000 | — |
| Westmore | 465 | $87,188 | $330,000 | $1,050 |
| Brownington | 1,144 | $75,556 | $193,800 | $745 |
| Derby | 4,537 | $80,250 | $225,000 | $1,096 |
More for people moving to Morgan
Morgan ZIP code ›Weather and climate ›Living in Morgan: FAQ
What is the median household income in Morgan, VT?
The median household income in Morgan is $91,250, 12% higher than the Vermont median of $81,203 (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 $311,300, compared with $316,600 in Vermont.
How much is rent in Morgan?
The median gross rent in Morgan is $1,112 per month, about 26.3% of household income.
Is Morgan, VT a good place to live?
Pluses: median household income 12% higher than the Vermont median; home values about the same as the state median; a poverty rate of 10%. Minuses: an average commute of 27 minutes.
What is the median age in Morgan?
The median age in Morgan is 40.9 years (Vermont: 43.1).
How long is the commute in Morgan?
The average commute to work in Morgan is 27 minutes; 22.4% 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?
34% 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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