Morgan County, Kentucky

-15% vs. Kentucky average
$47,493
Median Household Income
$25,456
Per Capita Income

At a Glance

Median Household Income
$47,493
-15% vs. state avg
Per Capita Income
$25,456
-35% vs. national
Income-to-Housing Ratio
44.8%
income as % of home value
Rank in Kentucky
#87 / 120
by median household income

Economic Indicators

Unemployment Rate
N/A
Labor Force Participation
N/A

How Morgan County Compares

Morgan County$47,493
Kentucky Average$55,909
National Median$74,755

Detailed Income Statistics

$47,493
Median Household Income
$25,456
Per Capita Income
$106,000
Median Home Value
44.8%
Income-to-Housing Ratio

Income Advisory: Morgan County

Income Verdict

Morgan County has a median household income of $47,493 and per capita income of $25,456 — a gap of $22,037, suggesting a typical mix of dual-income and single-earner households.

Housing Affordability

With median gross rent at $670/month and a median household income of $47,493, rent consumes approximately 16.9% of monthly income — well within affordable thresholds.

Economic Context

With a median household income of $47,493, residents of Morgan County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $25,456 suggests below-average individual earnings, which may reflect local employment mix or industrial composition.

Neighbor Context

Morgan County earns approximately 15.1% below the Kentucky state median household income of $55,909.

Data Story

About Household Income in Morgan County, Kentucky

Morgan significantly below national income

Morgan County's median household income of $47,493 lags the U.S. median of $74,755 by $27,262—a substantial 36% shortfall. This significant gap places Morgan among America's lower-income counties and reflects limited economic opportunities and reduced wage earning power.

Morgan trails Kentucky median

At $47,493, Morgan County's median household income falls $8,416 below the Kentucky state median of $55,909. This 15% deficit indicates Morgan residents earn meaningfully less than most other Kentuckians, signaling local economic challenges requiring attention.

Morgan among lowest in region

Morgan County's $47,493 median household income ranks among the region's weakest, well below Mercer County ($63,115) and only slightly above Metcalfe County ($48,572). The county's economic position reflects broader challenges affecting rural central Kentucky.

Housing costs are favorable

Morgan County's rent-to-income ratio of 16.9% represents a reasonable housing cost burden, though tight household budgets limit flexibility. The median home value of $106,000 is among the region's lowest, providing homeownership accessibility despite constrained income.

Start with emergency savings

Morgan County residents facing limited incomes should prioritize building three months of emergency savings before investing. Explore employer retirement plans, free financial counseling, and education programs that can increase earning potential and create pathways to financial stability.

Frequently Asked Questions

What is the median household income in Morgan County, Kentucky?
The median household income in Morgan County, Kentucky is $47,493, 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 $25,456, 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 $47,493.
How does Morgan County compare to the Kentucky average?
Morgan County's median household income of $47,493 is lower than the Kentucky state average of $55,909. The per capita income is $25,456, compared to the state average of $29,616.
What is the per capita income in Morgan County, Kentucky?
The per capita income in Morgan County, Kentucky is $25,456, 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.
Is Morgan County a low-income area in Kentucky?
Morgan County's median household income of $47,493 is below the Kentucky average of $55,909. The per capita income of $25,456 is also lower than the state average of $29,616. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Morgan County rank for income in Kentucky?
Morgan County ranks #87 out of 120 counties in Kentucky by median household income (1 = highest). With a median household income of $47,493 and per capita income of $25,456, it falls in the bottom 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: $47,493 per year

vs. County Median

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vs. State Average

-15%

vs. National Median

-36%

vs. Morgan County MedianAbout equal
vs. Kentucky Average15% below
vs. National Median36% below

Income Adequacy

Monthly income covers median rent5.9x

Your monthly income ($3,958) vs. median rent ($670/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

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