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Morganton has a population of approximately 17,389 and experiences a population change rate of 0.46%. The population density is 903.6 / sq mi .
The median household income for Morganton is $43,103, with 6,395 households and an average household size of 2.55.
The median value of a home in Morganton is $216,500 with an appreciation rate of 24.00%. 45.57% of housing in the state is owned while 42.19% is rented.
The cost of living in Morganton is 87.4 %.
The unemployment rate in Morganton is 2.90%, and recent job growth is at 1.10%. Future job growth is projected at 49.13%.
The sales tax rate in Morganton is 7.00%, while the income tax rate is 4.99% .
School expenditures in Morganton are $10,084, and the school ratio is 15.7:1.
The average high temperature in July is 87.8 degrees, with an average low temperature in January of 27.1 degrees. The average rainfall is approximately 48.3 inches per year, with 4.3 inches of snow per year.
