Morgan County, Kentucky
Income Data
At a Glance
How Morgan County Compares
Detailed Income Statistics
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
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Income Comparison Calculator
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Your income is above the Morgan County median
County median: $47,493 per year
vs. County Median
+0%
vs. State Average
-15%
vs. National Median
-36%
Income Adequacy
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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.