Morgantown is located close to the center of Indiana. Morgantown is between the Morgan, Brown, Johnson county. Morgantown has 0.38 square miles of land area and has no water area. As of 2010-2014, the total Morgantown population is 1,033, which has grown 7.16% since 2000. The population growth rate is about the same as the state average rate of 7.60% and is lower than the national average rate of 11.61%. Morgantown median household income is $37,193 in 2010-2014 and has grown by 12.17% since 2000. The income growth rate is lower than the state average rate of 17.25% and is much lower than the national average rate of 27.36%. Morgantown median house value is $87,600 in 2010-2014 and has grown by 10.61% since 2000. The house value growth rate is much lower than the state average rate of 30.12% and is much lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Morgantown is better than the state average in quality. The Morgantown area code is 812.