Cost of Living in Morgantown, WV
Population 30,236 · Census ACS 2020–2024 5-year estimates
The median rent in Morgantown, WV is $937/month, 7% higher than the West Virginia median and 34% lower than the U.S. median. The median home value is $259,400, 22% lower than the national median. Households earn a median of $44,727 a year, 25% lower than the state median.
Affordability
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Morgantown vs. West Virginia vs. U.S.
| Morgantown | West Virginia | U.S. | |
|---|---|---|---|
| Median rent | $937 | $872 | $1,413 |
| Median home value | $259,400 | $162,600 | $332,700 |
| Median household income | $44,727 | $59,608 | $80,734 |
| Homeownership rate | 43.7% | 74.9% | 65.2% |
| Bachelor's degree or higher | 58.5% | 24.1% | 35.7% |
| Poverty rate | 30.4% | 16.7% | 12.5% |
| Unemployment rate | 6.2% | 5.4% | 5.2% |
| Work from home | 14.6% | 9.1% | 15.1% |
| Median age | 23.9 | 42.7 | 38.9 |
FAQ
What is the average rent in Morgantown, WV?
The median gross rent in Morgantown, WV is $937 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Morgantown, WV?
Using the common 30% rule, renting a median-priced home takes about $37,480 a year in gross income.
Is Morgantown, WV expensive to live in?
Rent there is 34% lower than the U.S. median, and the median home costs about 5.8 times the median household income.
Other cities in West Virginia
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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