Morgantown, WV at a glance
Median household income
$44,727$3,727 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Morgantown, WV?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Morgantown, WV? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Morgantown, WV MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $871 | $10,452 | $34,840 | 23.4% |
| 1-Bedroom Apartment | $877 | $10,524 | $35,080 | 23.5% |
| 2-Bedroom ApartmentBenchmark | $1,099 | $13,188 | $43,960 | 29.5% |
| 3-Bedroom Home | $1,318 | $15,816 | $52,720 | 35.4% |
| 4-Bedroom Home | $1,657 | $19,884 | $66,280 | 44.5% |
What a typical income covers in Morgantown, WV
The 50/30/20 rule applied to the local median of $44,727 a year ($3,727 a month before tax).
What $44,727 leaves after West Virginia taxes
Federal income tax, Social Security, Medicare and West Virginia tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in West Virginia
Living in Morgantown, WV: common questions
What is the median household income in Morgantown, WV?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Morgantown, WV is $44,727 per year (approximately $3,727 per month).
What is the average rent in Morgantown, WV?
The closest official figure is HUD's Fair Market Rent for 2026: $871 for a studio, $877 for one bedroom, $1,099 for two, $1,318 for three and $1,657 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Morgantown, WV expensive to live in?
Prices there run 6.7% below the U.S. average. BEA's regional price parity for the metro area is 93.3, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Morgantown, WV?
To keep a $1,099 two-bedroom under 30% of gross income, a household needs about $43,960 a year, or $3,663 a month. That is 98% of what the typical household in Morgantown, WV earns.
How much do you need to live comfortably in Morgantown, WV?
On the local median income of $44,727 ($3,727 a month before tax), the 50/30/20 rule leaves $1,864 a month for needs like rent, utilities and groceries, $1,118 for everything else and $745 for savings or debt. A two-bedroom at $1,099 takes 59% of the needs share.
How much is the electric bill in Morgantown, WV?
Homes in West Virginia paid 15.5¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $139. Your bill depends mostly on heating and cooling.