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Morehead is considered a Small Town with a population of 8,229 and 1,858 businesses. 10 in 2018 were added to the Morehead Chamber of Commerce business directory which was less than 2017 which had 10.

The economy of Morehead employs 3,752 people and has an unemployment rate of 4.2%. Some of the largest industries in Morehead are Professional Services (188),Restaurants (50), and Entertainment Agencies & Bureaus (44).
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