Affordable

What Salary Do You Need to Live in Morgantown?

To afford a 2-bedroom in Morgantown, you need to earn at least $41,160/year based on estimated fair market rent data. The median household income here is $50,257, which means the typical resident is $9,097 above the threshold.

Census ACS Data Pop. 1,293

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$720	$2,400	$28,800	$-21,457
1 Bedroom	$854	$2,847	$34,160	$-16,097
2 Bedroom BENCHMARK	$1,029	$3,430	$41,160	$-9,097
3 Bedroom	$1,255	$4,183	$50,200	$-57
4 Bedroom	$1,544	$5,147	$61,760	+$11,503

Affordability Breakdown

Where the required salary line crosses above Morgantown's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$50,257

Annual household

2BR Required Salary

$41,160

Under 30% rule

Income Gap

+$9,097

Surplus

Verdict

Affordable

Ratio: 24.6%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Morgantown

Your Annual Salary

Pre-filled with Morgantown's median household income

Max monthly rent you can afford$1,256

Studio

$720/mo

1 BR

$854/mo

2 BR

$1,029/mo

3 BR

$1,255/mo

4 BR

$1,544/mo

Your salary is $0 above the median income in Morgantown.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Morgantown's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Morgantown

Living in Morgantown is well within reach for most median-income earners. With a $9,097 cushion between what residents earn and what a 2-bedroom requires, households in Morgantown typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Morgantown, a studio at $720/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,255/month remains accessible for dual-income households earning above $50,200.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $61,740 would position you well — though many residents in Morgantown manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Morgantown, Indiana.

With a total population of 1,293, the city supports an active civilian workforce of 477 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $41,160 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

477

Active civilian employees in Morgantown

Frequently Asked Questions About Renting in Morgantown

What salary do I need to live in Morgantown, Indiana?

To afford a 2-bedroom in Morgantown under the 30% rule, you need an annual salary of at least $41,160. The median household income in Morgantown is $50,257.

Can I afford a 2-bedroom in Morgantown on $50,257?

The affordability verdict for Morgantown is "Affordable". The rent-to-income ratio is 24.6%, meaning median earners have a $9,097 surplus.

What is the average rent in Morgantown compared to median income?

The median gross rent in Morgantown is $854/month. With a median household income of $50,257, residents spend approximately 24.6% of their income on rent.

What salary do I need for a studio in Morgantown?

A studio in Morgantown rents for approximately $720/month. Under the 30% rule, you need an annual salary of $28,800 to afford this.

Is Morgantown considered an affordable place to live?

Based on the surplus of $9,097 and an affordability verdict of "Affordable", Morgantown is considered a affordable rental market when comparing the required 2-bedroom salary of $41,160 to the local median household income.

How Morgantown Compares

Other cities in Indiana with salary requirements