Morganton is a city in North Carolina state in USA with a population of 16517 residents.. The poverty rate of Morganton is 26.1%, which is 86% higher than national average. The typical household in Morganton earns $40406 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 13 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 63% 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 Morganton, only 75% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Morganton 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 Morganton, only 21% of adults have a bachelor's degree and 29% have some college but no degree.

Cost of living in Morganton is 95, which is 5% lower than national average. Median home value in Morganton is $153400 , which is 33% lower than national average. While median income in Morganton remained $40406, which is 40% lower than national average.