Morgantown, KY
Population 2,729 · Kentucky
About Morgantown, KY
Morgantown is a small town located in Kentucky with a population of 2,729 residents according to the latest US Census Bureau American Community Survey data. The median household income is $37,037 per year, which is 51% below the national median of $75,149. The median age of 36.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Morgantown features a median home value of $111,400, which is 55% 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 $582, 50% below the national average of $1,163/month. Of the 1,101 total housing units, 35% are owner-occupied (348 units) and 65% are renter-occupied (638 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Morgantown shows an unemployment rate of 9.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 34.1%, above the national average of 12.4%. Workers in Morgantown have an average one-way commute time of 23.7 minutes.
Education & Demographics
6.5% 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 1.1% White, 2.8% Hispanic or Latino, 0.0% Black or African American, and 18.7% Asian residents, with 6.1% of the population being foreign-born.
How Morgantown Ranks in Kentucky
Cost of Living in Morgantown, KY
Compared to national averages, Morgantown has a median household income of $37,037 (51% below the national median of $75,149). Home values average $111,400, which is 55% below the national median. Monthly rent at $582 is 50% below the US average of $1,163. Within Kentucky, Morgantown's income is 44% below the state average of $66,273, and home values are 39% below the state median of $182,504.
Why Live in Morgantown, KY?
Morgantown offers affordable housing with a median home value of $111,400, below the US average of $244,900, and rent that’s lower than the national average at $582/month, and short commute times averaging just 23.7 minutes.
Potential considerations include median household income ($37,037) 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 2,729 with a median age of 36.3 years. Compare Morgantown with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Morgantown
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Eminence | 2,710 | $44,655 | $171,300 | Compare |
| Russell Springs | 2,755 | $37,500 | $170,300 | Compare |
| Pioneer Village | 2,690 | $79,566 | $233,400 | Compare |
| Thruston | 2,675 | $83,707 | $160,300 | Compare |
| Tompkinsville | 2,672 | $37,405 | $86,100 | Compare |
| Hartford | 2,653 | $61,313 | $103,800 | Compare |
| Cadiz | 2,649 | $40,186 | $120,800 | Compare |
| Irvine | 2,811 | $36,292 | $123,400 | 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.
Compare Morgantown With Other Cities
Frequently Asked Questions about Morgantown
What is the population of Morgantown, KY?
The population of Morgantown, KY is 2,729 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Kentucky.
What is the median household income in Morgantown?
The median household income in Morgantown, KY is $37,037 per year, which is 51% below the national median of $75,149.
What is the median home value in Morgantown?
The median home value in Morgantown, KY is $111,400, which is 55% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Morgantown?
The median monthly rent in Morgantown, KY is $582, which is 50% below the national average of $1,163/month.
What is the unemployment rate in Morgantown?
The unemployment rate in Morgantown, KY is 9.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Morgantown, KY a good place to live?
Morgantown offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,729 and a median age of 36.3, the city appeals to a broad range of residents.
How educated is Morgantown, KY?
6.5% 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, KY: median home value is $111,400 (55% below national), median rent is $582/month, and median household income is $37,037. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Morgantown?
The poverty rate in Morgantown, KY is 34.1%, 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, KY?
Morgantown's population is 1.1% White, 2.8% Hispanic or Latino, 0.0% Black or African American, 18.7% Asian, and 0.0% two or more races. 6.1% of residents are foreign-born.