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Morganfield, KY 42437 has a population of approximately 8,865 and experiences a population change rate of 3.43%. The population density is 51.1 / sq mi .
The median household income for Morganfield, KY 42437 is $49,395, with 2,629 households and an average household size of 2.49.
The median value of a home in Morganfield, KY 42437 is $136,800 with an appreciation rate of 10.60%. 54.35% of housing in the state is owned while 28.19% is rented.
The cost of living in Morganfield, KY 42437 is 82.1 %.
The unemployment rate in Morganfield, KY 42437 is 4.10%, and recent job growth is at -0.20%. Future job growth is projected at 25.15%.
The sales tax rate in Morganfield, KY 42437 is 6.00%, while the income tax rate is 5.00% .
School expenditures in Morganfield, KY 42437 are $11,692, and the school ratio is 14.1:1.
The average high temperature in July is 88 degrees, with an average low temperature in January of 25.7 degrees. The average rainfall is approximately 46.3 inches per year, with 9.5 inches of snow per year.