Morgan County, Indiana

Income Data

+15% vs. Indiana average
$79,088
Median Household Income
$39,777
Per Capita Income

At a Glance

Median Household Income
$79,088
+15% vs. state avg
Per Capita Income
$39,777
+1% vs. national
Income-to-Housing Ratio
35.9%
income as % of home value
Rank in Indiana
#15 / 92
by median household income

How Morgan County Compares

Morgan County$79,088
Indiana Average$68,681
National Median$74,755

Detailed Income Statistics

$79,088
Median Household Income
$39,777
Per Capita Income
$220,100
Median Home Value
35.9%
Income-to-Housing Ratio

Data Story

About Household Income in Morgan County, Indiana

Morgan County exceeds national income median

Morgan County's median household income of $79,088 exceeds the national median of $74,755 by $4,333, a 5.8% advantage. This positions Morgan County above the national middle, making it the strongest performer among the eight counties profiled.

Highest income in Indiana region

Morgan County's $79,088 income surpasses Indiana's state median of $68,681 by $10,407, placing it in the state's upper-income tier. The county's per capita income of $39,777 is the highest in this group and well above the state average of $34,773.

Outearns all neighboring counties

Morgan County's $79,088 income significantly exceeds all seven other counties profiled: Newton ($68,596), Marshall ($68,041), Montgomery ($66,571), Martin ($65,345), Monroe ($63,372), Marion ($63,450), and Miami ($61,130).

Strong affordability across the board

Morgan County's rent-to-income ratio of 15.0% is well below the 30% affordability threshold, providing substantial breathing room in household budgets. With a median home value of $220,100 and median income of $79,088, homeownership is highly accessible.

Accelerate wealth-building today

Morgan County households earning $79,088 have the region's strongest foundation for aggressive wealth-building—max out 401(k) contributions and explore taxable investment accounts. With manageable housing costs and strong income, this is the time to build generational wealth through diversified investing and consistent saving discipline.

Frequently Asked Questions

What is the median household income in Morgan County, Indiana?
The median household income in Morgan County, Indiana is $79,088, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Morgan County?
The per capita income in Morgan County is $39,777, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $79,088.
How does Morgan County compare to the Indiana average?
Morgan County's median household income of $79,088 is higher than the Indiana state average of $68,681. The per capita income is $39,777, compared to the state average of $34,773.
What is the per capita income in Morgan County, Indiana?
The per capita income in Morgan County, Indiana is $39,777, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Morgan County income higher than the Indiana average?
Morgan County's median household income of $79,088 is higher than the Indiana average of $68,681. This difference of $10,407 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Morgan County rank for income in Indiana?
Morgan County ranks #15 out of 92 counties in Indiana by median household income (1 = highest). With a median household income of $79,088 and per capita income of $39,777, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Morgan County

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Your income is above the Morgan County median

County median: $79,088 per year

vs. County Median

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vs. State Average

+15%

vs. National Median

+6%

vs. Morgan County MedianAbout equal
vs. Indiana Average15% above
vs. National Median6% above

Income Adequacy

Monthly income covers median rent6.7x

Your monthly income ($6,591) vs. median rent ($988/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.