Morgan County, IN
Comprehensive housing, income, and cost of living data for Morgan County, Indiana. Population: 71.8K.
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, IN?
The median home price in Morgan County, Indiana is $280.5K. The price-to-income ratio is 3.5x, meaning the median home costs 3.5 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 $69.6K per year to buy the median home in Morgan County, IN. Monthly housing costs break down to $1,418 for mortgage, $88.00 for property tax, and $117 for insurance.
What is the property tax rate in Morgan County?
The effective property tax rate in Morgan County is 0.38%, which comes to approximately $1,056 per year on the median home.
What is the median household income in Morgan County?
The median household income in Morgan County, Indiana is $79.1K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.5%%.
Is Morgan County a good place to live?
Morgan County, Indiana has a population of 71.8K. Housing affordability is strong with a price-to-income ratio of 3.5x. The climate averages 53 degrees F with 209 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.