Morehead is a somewhat small city located in the state of Kentucky. With a population of 6,734 people and five associated neighborhoods, Morehead is the 65th largest community in Kentucky.

Morehead real estate is some of the most expensive in Kentucky, although Morehead house values don't compare to the most expensive real estate in the U.S.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 10.44% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Morehead is a small town where college students really create the town feel and character. So many small towns have lost population over the last 20-30 years that having the local college presence in the Morehead area, with all of the energy of the students filling area dorms and apartments each fall, really helps Morehead maintain a good economy.

Residents of the city have the good fortune of having one of the shortest daily commutes compared to the rest of the country. On average, they spend only 15.15 minutes getting to work every day.

Being a small city, Morehead does not have a public transit system used by locals to get to and from work.

The overall education level of Morehead citizens is substantially higher than the typical US community, as 29.30% of adults in Morehead have at least a bachelor's degree, and the average American community has 21.84%.

The per capita income in Morehead in 2022 was $23,049, which is middle income relative to Kentucky, and low income relative to the rest of the US. This equates to an annual income of $92,196 for a family of four. However, Morehead contains both very wealthy and poor people as well. Morehead also has one of the higher rates of people living in poverty in the nation, with 34.54% of its population below the federal poverty line.

Morehead is a somewhat ethnically-diverse city. The people who call Morehead home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Morehead residents report their race to be White, followed by Black or African-American. Important ancestries of people in Morehead include Irish, German, English, Scottish, and French.

The most common language spoken in Morehead is English. Other important languages spoken here include Spanish and Polish.