Cost of Living in Morgantown, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
64.8
100 = national avg
-35.2 vs national average
Living Wage (1 Adult)
$28,512
per year
Living Wage (Family of 4)
$67,392
per year
Cost Index by Category
Housing57.0
Food78.3
Transportation56.6
Healthcare82.6
Utilities78.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$660
per month
2 Bedroom
$866
per month
The overall cost of living index in Morgantown is 64.8, which is 35.2% below the national average. Housing costs are below the national average at an index of 57.0. A single adult needs to earn approximately $28,512 per year to cover basic expenses.