Morgan County, IL
Comprehensive housing, income, and cost of living data for Morgan County, Illinois. Population: 32.9K.
Housing & Finance
Demographics & Economics
Racial Demographics
Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.
Climate & Environment
Frequently Asked Questions
What is the median home price in Morgan County, IL?
The median home price in Morgan County, Illinois is $117.8K. The price-to-income ratio is 1.8x, meaning the median home costs 1.8 times the median household income.
What salary do you need to buy a home in Morgan County?
Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $36.3K per year to buy the median home in Morgan County, IL. Monthly housing costs break down to $596 for mortgage, $202 for property tax, and $49.09 for insurance.
What is the property tax rate in Morgan County?
The effective property tax rate in Morgan County is 2.05%, which comes to approximately $2,420 per year on the median home.
What is the median household income in Morgan County?
The median household income in Morgan County, Illinois is $65.2K per year, based on Census Bureau American Community Survey data. The unemployment rate is 5.1%%.
Is Morgan County a good place to live?
Morgan County, Illinois has a population of 32.9K. Housing affordability is strong with a price-to-income ratio of 1.8x. The climate averages 53 degrees F with 180 sunny days per year. Compare Morgan County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.