Cost of Living in Morgan County, KY

What does it cost to live in Morgan County? Income, housing, and affordability breakdown.

Median Income

$46,018

Median Rent

$681/mo

Median Home

$90,800

Affordability

697

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$459
Property Tax$61
Insurance$30

Total Monthly$550
% of Income14.3%

Renting

Median Rent$681
Renter's Insurance$25

Total Monthly$706
% of Income17.8%

Living in Morgan County, Kentucky

Morgan County has a median household income of $46,018 with housing costs that represent 14.3% of income for owners and 17.8% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 697 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Kentucky

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.