Cost of Living in Morgan County, KY
Population 14,053 · Census ACS 2020–2024 5-year estimates
The median rent in Morgan County, KY is $663/month, 31% lower than the Kentucky median and 53% lower than the U.S. median. The median home value is $118,200, 64% lower than the national median. Households earn a median of $47,913 a year, 25% lower than the state median.
Affordability
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Morgan County vs. Kentucky vs. U.S.
| Morgan County | Kentucky | U.S. | |
|---|---|---|---|
| Median rent | $663 | $967 | $1,413 |
| Median home value | $118,200 | $205,600 | $332,700 |
| Median household income | $47,913 | $63,726 | $80,734 |
| Homeownership rate | 78.9% | 68.3% | 65.2% |
| Bachelor's degree or higher | 18.7% | 27.6% | 35.7% |
| Poverty rate | 17.1% | 16.1% | 12.5% |
| Unemployment rate | 3.1% | 4.9% | 5.2% |
| Work from home | 6.4% | 10.2% | 15.1% |
| Median age | 41.9 | 39.1 | 38.9 |
FAQ
What is the average rent in Morgan County, KY?
The median gross rent in Morgan County, KY is $663 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Morgan County, KY?
Using the common 30% rule, renting a median-priced home takes about $26,520 a year in gross income.
Is Morgan County, KY expensive to live in?
Rent there is 53% lower than the U.S. median, and the median home costs about 2.5 times the median household income.
Other counties in Kentucky
Counties 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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