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These days, finding an affordable place to live in the Morgan City area can be challenging. Home prices in Morgan City are now at a median cost of $598,800, higher than the Mississippi average of $183,008.
The average cost of rent is $861/mo in Morgan City, primarily driven by the current value of real estate in the Morgan City area. In Morgan City, 75.23% of households rent, and 57.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morgan City is $5,950 per month. Households that rent pay about 14.47% of their income on rent here. Morgan City’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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