Cost of Living in Morgan County, CO
Population 29,520 · Census ACS 2020–2024 5-year estimates
The median rent in Morgan County, CO is $1,025/month, 42% lower than the Colorado median and 27% lower than the U.S. median. The median home value is $338,600, about the same as the national median. Households earn a median of $73,278 a year, 23% lower than the state median.
Affordability
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Morgan County vs. Colorado vs. U.S.
| Morgan County | Colorado | U.S. | |
|---|---|---|---|
| Median rent | $1,025 | $1,761 | $1,413 |
| Median home value | $338,600 | $539,400 | $332,700 |
| Median household income | $73,278 | $95,470 | $80,734 |
| Homeownership rate | 67.3% | 66.2% | 65.2% |
| Bachelor's degree or higher | 17.8% | 45.7% | 35.7% |
| Poverty rate | 14.3% | 9.4% | 12.5% |
| Unemployment rate | 5.3% | 4.6% | 5.2% |
| Work from home | 8.6% | 21.0% | 15.1% |
| Median age | 37.5 | 37.7 | 38.9 |
FAQ
What is the average rent in Morgan County, CO?
The median gross rent in Morgan County, CO is $1,025 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Morgan County, CO?
Using the common 30% rule, renting a median-priced home takes about $41,000 a year in gross income.
Is Morgan County, CO expensive to live in?
Rent there is 27% lower than the U.S. median, and the median home costs about 4.6 times the median household income.
Other counties in Colorado
Counties with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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