Cost of Living in Morgan County, CO

What does it cost to live in Morgan County? Income, housing, and affordability breakdown.

Median Income

$70,471

Median Rent

$1,038/mo

Median Home

$277,400

Affordability

364

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,403
Property Tax$118
Insurance$92

Total Monthly$1,613
% of Income27.5%

Renting

Median Rent$1,038
Renter's Insurance$25

Total Monthly$1,063
% of Income17.7%

Living in Morgan County, Colorado

Morgan County has a median household income of $70,471 with housing costs that represent 27.5% of income for owners and 17.7% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 364 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Colorado

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.