Cost of Living in Morgan County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Morgan County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Morgan County, Kentucky
Morgan County: tight affordability margins
Morgan County's rent-to-income ratio of 16.9% sits just below Kentucky's state average of 17.0%, reflecting affordability pressures that match most of the state. Renters pay $670 monthly on a median household income of $47,493, the region's lowest income level.
Below-average Kentucky incomes
Morgan County's 16.9% rent-to-income ratio nearly matches the state average, but the county's median household income of $47,493 is among Kentucky's lowest. This means housing costs consume typical shares of income, but on smaller paychecks.
Morgan rents moderate, incomes low
Morgan's $670 rent is reasonable compared to regional options, but the $47,493 median income is the lowest among nearby counties, matching Metcalfe's struggles. This creates an affordability ratio of 16.9%—typical statewide, but on the tightest budget.
Housing costs: rent vs. ownership
Renters in Morgan pay $670 monthly (16.9% of income), while homeowners spend $596 monthly with a median home value of $106,000. Ownership is noticeably cheaper than renting here, reflecting Morgan's rural character and lower demand.
Morgan County: budget-conscious relocation
Morgan offers low housing costs and affordable ownership options, but factor in that median incomes here are among Kentucky's lowest. It works for relocators with secure, portable income; otherwise, explore neighboring counties with stronger employment bases.
Affordability Calculator
See how your income compares to housing costs in Morgan County
Rent Burden
16.9%
of gross income
Max Housing (28% Rule)
$1,108
per month
Owner Cost Burden
15.1%
of gross income
You can likely afford the median home in Morgan County
Median home value is $106,000. Estimated monthly cost: $846 vs. your max of $1,108.
Rent Affordability Guide
Frequently Asked Questions
What is the cost of living in Morgan County, Kentucky?
What is the median rent in Morgan County?
Is Morgan County affordable?
How does Morgan County's rent compare to the state average?
What is the median home value in Morgan County?
Planning a Move?
Researching the cost of living in Morgan County, Kentucky? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCounties with Similar Housing Costs
Compare Mortgage Rates in Morgan County
Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.