Morgantown, IN
Population 1,328 · Indiana
About Morgantown, IN
Morgantown is a small community in Indiana with a population of 1,328 residents. The median household income is $50,809 per year, which is near the national average. The median age in Morgantown is 34.9 years.
Housing in Morgantown has a median home value of $129,500 and median monthly rent of $882. Of the 495 total housing units, the majority are owner-occupied, with 357 owner-occupied and 131 renter-occupied units.
The unemployment rate in Morgantown is 17.6% and the poverty rate is 13.4%. 7.5% of residents hold a bachelor's degree or higher. The average commute time is 39.2 minutes.
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.
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Frequently Asked Questions about Morgantown
What is the population of Morgantown, IN?
The population of Morgantown, IN is 1,328 according to the latest Census data.
What is the median household income in Morgantown?
The median household income in Morgantown, IN is $50,809 per year.
What is the median home value in Morgantown?
The median home value in Morgantown, IN is $129,500.
What is the average rent in Morgantown?
The median monthly rent in Morgantown, IN is $882.
What is the unemployment rate in Morgantown?
The unemployment rate in Morgantown, IN is 17.6%.