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The total population of Morgantown is estimated to be 2,734 with 1,362 males (49.82%) and 1,372 females (50.18%). There are 10 more females than males in Morgantown.
The median household income in Morgantown was $28,521 in 2021, which marked an a decrease of 5,738(16.75%) from $34,259 in 2020. This income is 38.23% 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, Morgantown sees its highest median household income among householders in the age group of under 25 years old, at $28,497. Overall, the median household income for the city of Morgantown stands at $28,521.
In Morgantown, the median income for all workers aged 15 years and older, regardless of work hours, was $32,646 for males and $21,300 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $50,127 for males and $37,463 for females.
In Morgantown, there are just two different racial groups among households. Among these, White households report a median household income of $31,189, while Two or More Races households have a median household income of $9,620.
In 2022, the population of Morgantown was 2,467, a 0.44% decrease year-by-year from 2021. Previously, in 2021, Morgantown's population was 2,478, a decline of 0.64% compared to a population of 2,494 in 2020.
The median age in Morgantown, KY is 38.1, as per 2021 ACS 5-Year Estimates. Of the total population, 19.49% were under the age of 15, 16.52% aged 15 to 29, 47.05% aged 30 to 64, 13.94% aged 65 to 84, and 3.01% were 85 years of age and older.
Racial distribution of Morgantown population: 91.38% are White, 0.43% are Black or African American, 1.01% are Asian and 7.17% are multiracial.