Pros and Cons of Living In Morehead, Kentucky. Is Morehead, KY a Nice Place To Live or Retire?

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Morehead, Kentucky

Moving to Morehead In Kentucky ? Is Morehead, KY a Nice Place To Live? Pros and Cons of Living in Morehead, Kentucky. Find out the best and worst about to live, raise a family or retire in Morehead.

Morehead is a home rule-class city located along US 60 (the historic Midland Trail) and Interstate 64 in Rowan County, Kentucky, in the United States. It is the seat of its county. The population was 7,151 at the time of the 2020 U.S. census.

It was the focal point of the Rowan County War and is the home of Morehead State University.

DEMOGRAPHICS

Population
7653
Unemployment
4.8%
2% NAT AVG.
Poverty
34.9%
149% NAT AVG.
Cost Of Living
90
10% NAT AVG.

ECONOMICS

Median Home Cost
$161200
30% NAT AVG.
Median Income
$29779
56% NAT AVG.
Median Rent
$656
43% NAT AVG.
Overall Score
6

CRIME REPORT

Total Crime
132
26% NAT. AVG.
15% STATE AVG.
Violent Crime
10
66% NAT. AVG.
50% STATE AVG.
Property Crime
122
18% NAT. AVG.
10% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 3
Unemployed People
1 in 21
People Earning < $10,000
1 in 7
People Earning < $50,000
61.5%
People With Any Degree
1 in 2.9

ETHNICITY

Ethnicity Morehead USA
White 90.5% 60.1%
African American 2.6% 12.2%
American Indian 0.1% 0.6%
Asian 1.6% 5.6%
Hawaiian 0% 0.2%
Multiracial 1.1% 2.8%
Hispanic 4.2% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Morehead USA
Less than $10,000 14.9% 5.8%
$10,000 to $14,999 14.4% 4.1%
$15,000 to $24,999 14.4% 8.5%
$25,000 to $34,999 9.2% 8.6%
$35,000 to $49,999 8.6% 12.0%
$50,000 to $74,999 11.8% 17.2%
$75,000 to $99,999 10% 12.8%
$100,000 to $149,999 11.3% 15.6%
$150,000 to $199,999 0.2% 7.1%

EDUCATION

Education Morehead USA
< 9th Grade 3% 5.0%
9-12th Grade 6% 7.0%
High School or GED 29% 27.0%
Other College 28% 20.0%
Associate's Degree 8% 9%
Bachelor's Degree 12% 20.0%
Master's Degree 6% 9.0%
Professional Degree 5% 2.0%
Doctorate Degree 3% 1.0%
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. 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.

Cost of living in Morehead is 90, which is 10% lower than national average. In Morehead, only 26% of adults have a bachelor's degree and 36% have some college but no degree. 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.
Morehead Scorecard

Jobs50%

Housing60%

Affordability40%

Safety80%

Amenities70%

Diversity50%

Education80%

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