Morgantown, West Virginia Income Statistics
Morgantown Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Morgantown Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Morgantown | West Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $43,249 | $59,640 | $80,455 |
| Median Personal Income | $48,983 | $52,420 | $60,758 |
| Average Yearly Income Growth | 3.4% | 4.3% | 4.8% |
| Six-Figure Earners | 8.1% | 8.0% | 13.9% |
| $200k+ Households | 8.2% | 5.9% | 13.2% |
The median household income in Morgantown is about 27% lower than in West Virginia. Income has been growing slower in Morgantown (3.4%/yr) than in West Virginia (4.3%/yr).
About 8% of adults in Morgantown earn six figures ($100,000 or more) a year, about the same as the West Virginia average of 8%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Morgantown, West Virginia grew by 76.2% from 2009 to 2024, reaching $43,249 in 2024. That's an average of about 3.4% per year.
Income Inequality and the Gender Pay Gap in Morgantown
| Metric | Morgantown | West Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.644 | 0.554 | 0.552 |
| Male Median Income | $53,227 | $61,809 | $69,667 |
| Female Median Income | $47,395 | $47,573 | $56,850 |
| Gender Pay Gap | 11.0% | 23.0% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Morgantown, it is 0.644, higher than West Virginia's 0.554, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 12% more than women's income in Morgantown, West Virginia. Over a 35-year career, a 12% wage gap accumulates to roughly $204,120 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Morgantown, West Virginia has narrowed from about 14% to 11% in 2024. Over that period the gap was widest at 20% in 2010, and in 2020 women out-earned men by 1%. In dollar terms, the gap has widened by $508 since 2009.
Employment
| Metric | Morgantown | West Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.0% | 5.4% | 5.2% |
| Working from Home | 13.8% | 9.1% | 15.0% |
| Commute time (minutes) | 13 | 21 | 22 |
Approximately 1,043 people are unemployed in Morgantown, West Virginia.
The average commute time in Morgantown is 13 minutes, shorter than the 21 minutes in West Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Morgantown, West Virginia has fallen from 9.2% to 6.0% in 2024. Over that period the rate peaked at 9.6% in 2020.
Conclusion
Considering all these factors, Morgantown, West Virginia has an overall wealth index grade of D, making it somewhat worse than West Virginia, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Morgantown, West Virginia.
How Rich Is Morgantown, West Virginia?
Morgantown has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $43,249, about 27% lower than the West Virginia average of $59,640.
How fast is household income rising in Morgantown, West Virginia?
Between 2009 and 2024, the median household income in Morgantown, West Virginia rose 76%, from $24,544 to $43,249. Over the same years, income here outpaced West Virginia as a whole: +76% against +60%.
What was the median household income in Morgantown in 2023?
In 2023, the median household income in Morgantown, West Virginia was $41,352, up 6% from $39,158 in 2022. The West Virginia median that year was $57,884.
What was the median household income in Morgantown in 2020?
In 2020, the median household income in Morgantown, West Virginia was $40,222. By 2024 it had risen 8% to $43,249.
What is the Gini coefficient in Morgantown, West Virginia?
The Gini coefficient in Morgantown is 0.644. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Morgantown, West Virginia?
Since 2009, the income gap between men and women in Morgantown, West Virginia has narrowed from about 14% to 11% in 2024. Over that period the gap was widest at 20% in 2010, and in 2020 women out-earned men by 1%. In dollar terms, the gap has widened by $508 since 2009.
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