Morgantown, IN
Population 1,328 · Indiana
About Morgantown, IN
Morgantown is a small town located in Indiana with a population of 1,328 residents according to the latest US Census Bureau American Community Survey data. The median household income is $50,809 per year, which is 32% below the national median of $75,149. The median age of 34.9 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Morgantown features a median home value of $129,500, which is 47% below the national median of $244,900. This makes Morgantown one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $882, 24% below the national average of $1,163/month. Of the 495 total housing units, 73% are owner-occupied (357 units) and 27% are renter-occupied (131 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Morgantown shows an unemployment rate of 17.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.4%, above the national average of 12.4%. Workers in Morgantown have an average one-way commute time of 39.2 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
7.5% of Morgantown residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 6.9% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.2% of the population being foreign-born.
Cost of Living in Morgantown, IN
Compared to national averages, Morgantown has a median household income of $50,809 (32% below the national median of $75,149). Home values average $129,500, which is 47% below the national median. Monthly rent at $882 is 24% below the US average of $1,163. Within Indiana, Morgantown's income is 27% below the state average of $69,330, and home values are 21% below the state median of $163,409.
Why Live in Morgantown, IN?
Morgantown offers affordable housing with a median home value of $129,500, below the US average of $244,900, and rent that’s lower than the national average at $882/month.
Potential considerations include median household income ($50,809) that falls below the national average. However, Morgantown’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Morgantown has a population of 1,328 with a median age of 34.9 years. Compare Morgantown with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Morgantown
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Galveston | 1,326 | $56,969 | $121,200 | Compare |
| Shelburn | 1,325 | $41,176 | $72,000 | Compare |
| Harlan | 1,333 | $73,214 | $166,800 | Compare |
| Oxford | 1,333 | $48,500 | $113,900 | Compare |
| Kingsford Heights | 1,313 | $55,938 | $103,100 | Compare |
| Farmland | 1,345 | $41,516 | $92,900 | Compare |
| Culver | 1,346 | $44,250 | $238,500 | Compare |
| Pierceton | 1,349 | $66,597 | $110,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Morgantown With Other Cities
Frequently Asked Questions about Morgantown
What is the population of Morgantown, IN?
The population of Morgantown, IN is 1,328 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Morgantown?
The median household income in Morgantown, IN is $50,809 per year, which is 32% below the national median of $75,149.
What is the median home value in Morgantown?
The median home value in Morgantown, IN is $129,500, which is 47% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Morgantown?
The median monthly rent in Morgantown, IN is $882, which is 24% below the national average of $1,163/month.
What is the unemployment rate in Morgantown?
The unemployment rate in Morgantown, IN is 17.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Morgantown, IN a good place to live?
Morgantown offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,328 and a median age of 34.9, the city appeals to young professionals and families.
How educated is Morgantown, IN?
7.5% of residents in Morgantown aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Morgantown?
Key cost-of-living indicators for Morgantown, IN: median home value is $129,500 (47% below national), median rent is $882/month, and median household income is $50,809. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Morgantown?
The poverty rate in Morgantown, IN is 13.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Morgantown, IN?
Morgantown's population is 6.9% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.2% of residents are foreign-born.