Cost of Living in Morgantown, WV
Population: 30,273 • 2026 Data
$42,245
Median Household Income
-45% vs national
$888
Median Monthly Rent
-34% vs national
$238,200
Median Home Value
-30% vs national
7.6%
Unemployment Rate
Housing in Morgantown
The median home value in Morgantown, WV is $238,200. Monthly rent for a typical unit averages $888, while total monthly housing costs (including utilities and insurance) average $888.
Rent-to-income ratio: 25.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Morgantown, WV is $42,245. The unemployment rate stands at 7.6%, with a labor force of 15,444 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.