Morgantown, WV Economy


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Morgantown, WV is an excellent place to live for those on a budget. With a 2 bedroom rent rate of $990 compared to the US average of $1,430, Morgantown is far more affordable than other cities. Also, grocery costs in Morgantown are slightly lower than the national average with an index score of 101 versus 100 in the US. The city provides plenty of activities and attractions for residents such as visiting the Monongalia County Ballpark or exploring Core Arboretum which is full of wide range of trees and plants. There are also many large companies located here like Mylan Pharmaceuticals, Keystone Foodservice Equipment Company and Dominion Energy. Overall, Morgantown has something to offer everyone making it a great place to live.

Morgantown has an unemployment rate of 4.4%. The US average is 6.0%.

Morgantown has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.

Tax Rates for Morgantown
- The Sales Tax Rate for Morgantown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Morgantown is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Morgantown
- The average income of a Morgantown resident is $26,824 a year. The US average is $37,638 a year.
- The Median household income of a Morgantown resident is $36,991 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMorgantown, West VirginiaUnited States
  4.46
  -3.3%-6.2%
  37.3%33.5%
  6.0%6.2%
  6.0%4.6%
  $26,824$37,638
  $36,991$69,021
  $84,008$85,028
  Population by Occupation
  0.2%1.2%
  0.3%0.5%
  2.1%6.8%
  3.0%10.0%
  0.4%2.5%
  11.0%11.0%
  1.0%4.8%
  0.4%0.8%
  0.8%1.9%
  1.3%4.7%
  2.8%1.9%
  9.0%7.6%
  0.0%0.1%
  3.4%4.2%
  27.8%9.3%
  12.1%14.0%
  1.8%2.1%
  15.8%7.0%
  2.7%4.8%
  3.9%4.7%
Reviews for Morgantown
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Morgantown is a vibrant classic American college town with a laid-back vibe. While the city and surrounding area are relatively small at about $150,000 people, residents  More

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Morgantown is a college town with many wonderful qualities, but for a retiree or someone on a fixed income, it is getting very expensive and crowded. The housing market  More

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Over 12 years ago

its a good small university town, however the cost of living varies especially rents on whether you live near to the campus or far away from wvu. there are only couple  More

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