Income & Economy in Morgantown city, KY (42261)
Median Income
$49,219
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+363
Wealth inflow
Population
9,725
Unemployment
4.2%
0.5pp above US avg
IRS migration statistics show a net inflow of about 363 for ZIP 42261 (Morgantown city, KY) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 42261 (2020–Present)
Since 2020, population declined 11.0%, median income fell 8.4% (inflation-adjusted), home values increased 0.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $49,219 |
| Unemployment | 4.2% |
| Establishments | 174 |
| Employees | 2,104 |