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The total population of Morehead is estimated to be 7,001 with 3,317 males (47.38%) and 3,684 females (52.62%). There are 367 more females than males in Morehead.
The median household income in Morehead was $36,112 in 2021, which marked an an increase of 2,368(7.02%) from $33,744 in 2020. This income is 48.40% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Morehead sees its highest median household income among householders in the age group of 45 to 64 years old, at $62,377. Overall, the median household income for the city of Morehead stands at $36,112.
In Morehead, the median income for all workers aged 15 years and older, regardless of work hours, was $14,619 for males and $10,466 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $52,779 for males and $39,772 for females.
In Morehead, there are just two different racial groups among households. Among these, Asian households report a median household income of $146,718, while White households have a median household income of $38,456.
In 2022, the population of Morehead was 6,734, a 2.45% decrease year-by-year from 2021. Previously, in 2021, Morehead's population was 6,903, a decline of 3.48% compared to a population of 7,152 in 2020.
The median age in Morehead, KY is 21.6, as per 2021 ACS 5-Year Estimates. Of the total population, 8.25% were under the age of 15, 62.58% aged 15 to 29, 22.30% aged 30 to 64, 5.06% aged 65 to 84, and 1.80% were 85 years of age and older.
Racial distribution of Morehead population: 93.29% are White, 2.44% are Black or African American, 0.07% are American Indian and Alaska Native, 1.84% are Asian, 0.86% are some other race and 1.49% are multiracial.