Morgantown, KY Profile: Facts & Data

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Morgantown, Kentucky - Basic Facts

The City of Morgantown had a population of 2,451 as of July 1, 2023. Morgantown ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Kentucky. See peer rankings below.

The primary coordinate point for Morgantown is located at latitude 37.2256 and longitude -86.6836 in Butler County. The formal boundaries for the City of Morgantown encompass a land area of 3.33 sq. miles and a water area of 0.03 sq. miles. Butler County is in the Central time zone (GMT -6).

The City of Morgantown has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Kentucky is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Morgantown is located within Morgantown Division of Butler County.


Jump to... (On This Page!)
  1. Morgantown 2023 Demographic Data
  2. Growth Rates for Morgantown (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Kentucky Research Tools (Easy Tools & Current Data)
  3. Kentucky Data Comparison Tool - 2023 Demographics
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Morgantown, KY Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 2,451 (100%)
Population in Households 2,315 (94.5%)
Population in Families 1,723 (70.3%)
Population in Group Quarters1 136 ( 5.5%)
Population Density 737
Diversity Index2 49
 
 

INCOME

Median Household Income $28,641
Average Household Income $46,443
% of Income for Mortgage4 20%
Per Capita Income $18,634
Wealth Index5 27
Socioeconomic Status Index6 Low (37.0)
 

HOUSING

Total HU (Housing Units) 1,075 (100%)
Owner Occupied HU 450 (41.9%)
Renter Occupied HU 528 (49.1%)
Vacant Housing Units 97 ( 9.0%)
Median Home Value $95,388
Average Home Value $137,000
Housing Affordability Index3 130
 

HOUSEHOLDS

Total Households 978
Average Household Size 2.37
Family Households 565
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.67% -0.26%
Households -0.68% -0.23%
Families   -0.39%
Median Household Income   2.60%
Per Capita Income   2.92%
Owner Occupied HU   -0.18%

Morgantown, KY - Peer Comparisons by Rank and Percentile

The table below compares Morgantown to the other 555 incorporated cities, towns and CDPs in Kentucky by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 141 75th
Population Density # 296 47th
Median Household Income # 528 5th
Housing Affordability Index # 252 45th
Per Capita Income # 525 6th
Diversity Index # 46 92nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Kentucky Census Data Comparison Tool.

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