Morehead is a city in Kentucky state in USA with a population of 7653 residents.. The poverty rate of Morehead is 34.9%, which is 149% higher than national average. The typical household in Morehead earns $29779 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 3 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 7 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 61.5% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Morehead, only 91% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Morehead remained 4.8%, which is 2% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Morehead, only 26% of adults have a bachelor's degree and 36% have some college but no degree.

Cost of living in Morehead is 90, which is 10% lower than national average. Median home value in Morehead is $161200 , which is 30% lower than national average. While median income in Morehead remained $29779, which is 56% lower than national average.