Morgan County, Missouri
Income Data
At a Glance
How Morgan County Compares
Detailed Income Statistics
Data Story
About Household Income in Morgan County, Missouri
Morgan County's income falls short nationally
Morgan County's median household income of $49,663 trails the U.S. median of $74,755 by roughly $25,100, indicating substantial economic gap. Despite lower household income, Morgan's per capita income of $30,589 suggests above-state-average individual earnings.
Below state average, lower ranked
Morgan County's median household income of $49,663 lags Missouri's state average of $59,503 by nearly $10,000. Among the eight surveyed counties, Morgan ranks in the lower half, reflecting limited household earning power.
Lower-tier earner in region
Morgan County's $49,663 income ranks fifth among eight counties, exceeding only Mississippi ($46,258), Monroe ($48,299), and New Madrid ($49,237). The $15,500 gap to Moniteau ($65,161) highlights economic disparities within the immediate region.
High home values challenge affordability
Morgan County's 16.7% rent-to-income ratio approaches affordability strain, and the situation worsens when paired with the median home value of $180,400—the highest in the dataset. Households earn modestly while facing the steepest homeownership costs, creating real barriers.
Seek down-payment assistance programs
Morgan households aspiring to homeownership should explore state and federal first-time buyer programs, which can reduce down payments and closing costs. Consulting a HUD-certified housing counselor clarifies available grants and low-interest loan options.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Morgan County median
County median: $49,663 per year
vs. County Median
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vs. State Average
-17%
vs. National Median
-34%
Income Adequacy
Your monthly income ($4,139) vs. median rent ($692/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.