Is Morehead, Kentucky a Good Place To Live? - Living In Morehead, KY
Is Morehead, Kentucky a good place to live?
Morehead is a city in Kentucky state in USA with a population of 7653 residents..
The poverty rate of Morehead is 34.9%, which is 149% higher than national average.
The typical household in Morehead earns $29779 a year, compared to the national median of $67,500.
Financial hardship is relatively common in the city as 1 in every 3 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 7 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 61.5% of households earn less than $50,000 a year compared to 39% national rate.
A high school education is a basic prerequisite for most jobs, and in Morehead, only 91% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Morehead remained 4.8%, which is 2% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Morehead, only 26% of adults have a bachelor's degree and 36% have some college but no degree.
Cost of living in Morehead is 90, which is 10% lower than national average. Median home value in Morehead is $161200 , which is 30% lower than national average. While median income in Morehead remained $29779, which is 56% lower than national average.
A high school education is a basic prerequisite for most jobs, and in Morehead, only 91% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Morehead remained 4.8%, which is 2% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Morehead, only 26% of adults have a bachelor's degree and 36% have some college but no degree.
Cost of living in Morehead is 90, which is 10% lower than national average. Median home value in Morehead is $161200 , which is 30% lower than national average. While median income in Morehead remained $29779, which is 56% lower than national average.
Population
7653
Unemployment
4.8%
Poverty
34.9%
Overall Score
6
Median Home Cost
$161200
30%
NAT AVG.
Median Income
$29779
56%
NAT AVG.
Median Rent
$656
43%
NAT AVG.
Cost Of Living
90
10%
NAT AVG.
People Living BPL
1 in 3
Unemployed People
1 in 21
People Earning < $10,000
1 in 7
People Earning < $50,000
61.5%
People with <= High School
1 in 2.6
People With Any Degree
1 in 2.9
Pros & Cons Overview
Jobs50%
Housing60%
Affordability40%
Safety80%
Amenities70%
Diversity50%
Education80%
Commute95%
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