Morgantown town, Indiana Demographics & Population 2026
As of 2026, Morgantown town, Indiana has a total population of 1,328, the 298th largest city in Indiana, with a median household income of $50,809, which is 27% lower than the state average. The poverty rate is 13.4%.
Key Takeaways
- Only 7.5% of adults have a bachelor's degree, well below the national average of 35.0%.
- Unemployment rate of 17.6% is notably above the national average.
Morgantown town Quick Facts
How Morgantown town Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Morgantown town Rankings in Indiana
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Cities Similar to Morgantown town
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Oxford town | 1,333 | $48,500 | $113,900 | 11.3% | 15.2% |
| New Pekin town | 1,377 | $50,500 | $116,000 | 9.9% | 21.3% |
| Palmyra town | 1,271 | $49,821 | $143,500 | 8.2% | 15.7% |
| Mulberry town | 1,266 | $51,719 | $125,500 | 10.4% | 17.5% |
| Galveston town | 1,326 | $56,969 | $121,200 | 15.1% | 10.6% |
Population Overview
Morgantown town is a small community located in Indiana. The total population is 1,328. It ranks as the 298th most populous out of 967 cities and towns in Indiana.
Age Demographics
The median age in Morgantown town is 34.9 years. This is 8% lower than the state median of 38.0 years.
Economy, Income & Housing
The median household income in Morgantown town is $50,809. This is 27% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 35% lower. The poverty rate stands at 13.4%. This is 10% higher than the state poverty rate of 12.2%. The unemployment rate is 17.6%. This is 309% higher than the state rate of 4.3%. The median home value is $129,500. Housing costs are 36% lower than the state median of $201,600. With a home-value-to-income ratio of just 2.5x, Morgantown town is one of the most affordable housing markets in the area. 73.2% of occupied housing units are owner-occupied. This homeownership rate is 4% higher than the state average of 70.3%.
Race & Ethnicity
Morgantown town has a predominantly White (non-Hispanic) population, comprising 90.6% of all residents. Hispanic or Latino residents account for 6.9%. The Asian population (0.8%) is well below the state average of 2.5%.
Education
7.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 74% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 87.1%.
Data Sources & Methodology
All demographic data for Morgantown town, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Morgantown town, Indiana?
Morgantown town, Indiana has a population of 1,328 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Morgantown town, IN?
The median household income in Morgantown town is $50,809, which is 35% lower the national median of $78,538.
What is the poverty rate in Morgantown town, IN?
The poverty rate in Morgantown town is 13.4%. This means approximately 171 residents live below the federal poverty line.
What is the racial makeup of Morgantown town, Indiana?
Morgantown town's population is 90.6% White, 0.0% Black, 6.9% Hispanic/Latino, and 0.8% Asian.
What is the median home value in Morgantown town, IN?
The median home value in Morgantown town is $129,500. The home-value-to-income ratio is 2.5x.
How educated is Morgantown town, Indiana?
7.5% of adults (25+) in Morgantown town hold a bachelor's degree or higher, and 4.0% hold a graduate or professional degree.