Morgantown, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Morgantown, Indiana had a total population of 1,308, the 299th largest town in Indiana, with a median household income of $54,007, which is 25% lower than the state average. The poverty rate is 15.0%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Only 7.3% of adults have a bachelor's degree, well below the national average of 35.7%.
- Housing is very affordable with a home-value-to-income ratio of just 2.5x.
- Unemployment rate of 16.0% is notably above the national average.
Morgantown Quick Facts
How Morgantown Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,328 | 1,308 | -1.5% |
| Median household income | $50,809 | $54,007 | +6.3% |
| Median home value | $129,500 | $133,600 | +3.2% |
How Morgantown Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Morgantown Rankings in Indiana
Explore Indiana Rankings
Other Cities in Morgan County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Martinsville | 11,933 | $60,177 | 12.9% | $163,400 |
| Mooresville | 9,751 | $68,983 | 13.1% | $206,400 |
| Brooklyn | 2,570 | $58,176 | 18.1% | $119,000 |
| Monrovia | 2,055 | $92,344 | 6.4% | $233,200 |
| Painted Hills | 948 | $93,838 | 4.2% | $305,200 |
| Paragon | 537 | $73,750 | 24.7% | $104,100 |
| Bethany | 67 | N/A | 3.0% | $210,700 |
Cities Similar to Morgantown
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Geneva | 1,347 | $52,500 | $127,300 | 12.0% | 21.5% |
| Taylorsville | 1,248 | N/A | $169,100 | 17.9% | 33.9% |
| Gosport | 1,303 | $59,886 | $108,300 | 11.6% | 13.2% |
| Galveston | 1,363 | $56,927 | $130,300 | 16.0% | 10.6% |
| Kingsford Heights | 1,358 | $57,830 | $120,500 | 7.3% | 26.7% |
Population Overview
Morgantown is a small community located in Indiana, within Morgan County. The total population is 1,308. It ranks as the 299th most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Morgantown is 34.9 years. This is 8% lower than the state median of 38.1 years. With 28.7% of the population under 18, Morgantown has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Morgantown is $54,007. This is 25% lower than the state median of $71,957. It is also 33% lower than the national median of $80,734. The poverty rate stands at 15.0%. This is 21% higher than the state poverty rate of 12.3%. The unemployment rate is 16.0%. This is 273% higher than the state rate of 4.3%. The median home value is $133,600. Housing costs are 39% lower than the state median of $218,200. With a home-value-to-income ratio of just 2.5x, Morgantown is one of the most affordable housing markets in the area. 74.1% of occupied housing units are owner-occupied. This homeownership rate is 5% higher than the state average of 70.5%.
Race & Ethnicity
Morgantown has a predominantly White (non-Hispanic) population, comprising 90.1% of all residents. Hispanic or Latino residents account for 7.1%. The Asian population (0.8%) is well below the state average of 2.6%.
Education
7.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 75% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 86.3%.
Data Sources & Methodology
All demographic data for Morgantown, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Morgantown, Indiana?
Morgantown, Indiana has a population of 1,308 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Morgantown, IN?
The median household income in Morgantown is $54,007, which is 33% lower than the national median of $80,734.
What is the poverty rate in Morgantown, IN?
The poverty rate in Morgantown is 15.0%. This means approximately 188 residents live below the federal poverty line.
What is the racial makeup of Morgantown, Indiana?
Morgantown's population is 90.1% White, 0.0% Black, 7.1% Hispanic/Latino, and 0.8% Asian.
What is the median home value in Morgantown, IN?
The median home value in Morgantown is $133,600. The home-value-to-income ratio is 2.5x.
How educated is Morgantown, Indiana?
7.3% of adults (25+) in Morgantown hold a bachelor's degree or higher, and 3.5% hold a graduate or professional degree.