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Morgantown, Kentucky

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
2,479
Population
$37,604
Median Income
$114,000
Home Value
35.1
Median Age

Demographics

Morgantown has a population of 2,479 with a median age of 35.1. Here is the racial and ethnic breakdown of the population:

White
71.7%
Hispanic
24.4%
Other
3.3%
Asian
0.6%
Demographic Value
Total Population2,479
Median Age35.1
White71.7%
Asian0.6%
Hispanic or Latino24.4%
Other / Two or More Races3.3%
Morgantown, Kentucky — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 71.7%Hispanic/Latino: 24.4%Other: 3.3%Other: 0.6%2,479PopulationWhiteWhite71.7%Hispanic/LatinoHispanic/Latino24.4%OtherOther3.3%OtherOther0.6%

Income & Economy

The median household income in Morgantown is $37,604, which is 53.4% below the national median of $80,610. The per capita income is $20,259. The poverty rate is 37.3%.

$37,604
Median Household Income
$20,259
Per Capita Income
37.3%
Poverty Rate

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Education

In Morgantown, 78.8% of residents age 25+ have a high school diploma or higher, and 5.3% hold a bachelor's degree or higher (2.3% with a graduate or professional degree).

HS Diploma+
78.8%
Bachelor's+
5.3%
Graduate+
2.3%
Education Level % of Adults (25+)
High School Diploma or Higher78.8%
Bachelor's Degree or Higher5.3%
Graduate or Professional Degree2.3%

Housing

The median home value in Morgantown is $114,000, below the national median of $303,400. The median monthly rent is $628. The homeownership rate is 31.1%.

$114,000
Median Home Value
$628/mo
Median Rent
31.1%
Homeownership Rate
Housing Metric Value
Median Home Value$114,000
Median Monthly Rent$628
Homeownership Rate31.1%
Vacancy Rate12.1%

Salaries in Kentucky

Explore salary data for popular occupations in Kentucky:

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Other Cities in Kentucky

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Frequently Asked Questions

What is the population of Morgantown, Kentucky?
The population of Morgantown, Kentucky is 2,479 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Morgantown, Kentucky?
The median household income in Morgantown, Kentucky is $37,604. This is 53.4% below the national median of $80,610.
What is the median home value in Morgantown, Kentucky?
The median home value in Morgantown, Kentucky is $114,000. The median monthly rent is $628.
What percentage of people in Morgantown have a college degree?
In Morgantown, Kentucky, 5.3% of adults age 25 and older hold a bachelor's degree or higher, and 78.8% have a high school diploma or higher.
Is Morgantown, Kentucky an affordable place to live?
The home price-to-income ratio in Morgantown, Kentucky is 3.0x (median home value $114,000 vs. median income $37,604), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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