Morganfield, KY
Population 3,208 · Kentucky
About Morganfield, KY
Morganfield is a small community in Kentucky with a population of 3,208 residents. The median household income is $63,546 per year, which is near the national average. The median age in Morganfield is 41.9 years.
Housing in Morganfield has a median home value of $116,100 and median monthly rent of $830. Of the 1,685 total housing units, the majority are owner-occupied, with 760 owner-occupied and 605 renter-occupied units.
The unemployment rate in Morganfield is 1.6% and the poverty rate is 13.7%. 16.4% of residents hold a bachelor's degree or higher. The average commute time is 22.8 minutes.
How Morganfield Ranks in Kentucky
Cost of Living in Morganfield, KY
Compared to national averages, Morganfield has a median household income of $63,546 (15% below the national median of $75,149). Home values average $116,100, which is 53% below the national median. Monthly rent at $830 is 29% below the US average of $1,163. Within Kentucky, Morganfield's income is 4% below the state average of $66,273, and home values are 36% below the state median of $182,504.
Why Live in Morganfield, KY?
Morganfield offers affordable housing with a median home value of $116,100, below the US average of $244,900, and rent that’s lower than the national average at $830/month, and a strong job market with an unemployment rate of just 1.6%. Additionally, the city features short commute times averaging just 22.8 minutes.
Potential considerations include median household income ($63,546) that falls below the national average. However, Morganfield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Morganfield has a population of 3,208 with a median age of 41.9 years. Compare Morganfield with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Morganfield
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Stanton | 3,211 | $29,141 | $127,200 | Compare |
| Crestview Hills | 3,226 | $106,375 | $263,000 | Compare |
| Barbourville | 3,181 | $20,971 | $190,200 | Compare |
| Park Hills | 3,155 | $102,112 | $274,200 | Compare |
| Hodgenville | 3,262 | $58,750 | $137,100 | Compare |
| Wilder | 3,148 | $71,567 | $137,600 | Compare |
| West Liberty | 3,280 | $57,411 | $202,100 | Compare |
| Claryville | 3,306 | $86,250 | $259,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Morganfield
What is the population of Morganfield, KY?
The population of Morganfield, KY is 3,208 according to the latest Census data.
What is the median household income in Morganfield?
The median household income in Morganfield, KY is $63,546 per year.
What is the median home value in Morganfield?
The median home value in Morganfield, KY is $116,100.
What is the average rent in Morganfield?
The median monthly rent in Morganfield, KY is $830.
What is the unemployment rate in Morganfield?
The unemployment rate in Morganfield, KY is 1.6%.