Fort Morgan, CO Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Fort Morgan, CO Summary

Cost of living in Fort Morgan research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Fort Morgan is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Colorado, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Fort Morgan is 87, with 100 being the average.

  • The cost of living index in Fort Morgan is 0.9x lower than the national average.

  • Fort Morgan ranks as the #4 cheapest in Colorado out of 111.

  • Fort Morgan ranks as the #1,101 cheapest out of 6,412 in the US.

  • The median home value in Fort Morgan is $215,100.

  • The median income in Fort Morgan is $51,250.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
87
Fort Morgan's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Fort Morgan, CO?

According to the most recent data on the cost of living, Fort Morgan has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.

Compared to Colorado, Fort Morgan has a cost of living index that's 0.8x lower than Colorado's index of 104.

The standard of living in Fort Morgan ranks as #4 most affordable out of the 111 places we measured in Colorado. By definition, that implies Fort Morgan ranks as the #107 most expensive place in the Centennial State.

For more reading on life in Fort Morgan, check out:

4 out of 111
In Colorado
1,101 out of 6,412
In America

Fort Morgan Cost Of Living Vs. Colorado

Six factors go into calculating the cost of living index in Fort Morgan. Here is how it fairs on each of the criteria:

  • The Services index in Fort Morgan is 105.

  • The Groceries index in Fort Morgan is 91.

  • The Health index in Fort Morgan is 100.

  • The Housing index in Fort Morgan is 70.

  • The Transportation index in Fort Morgan is 107.

  • The Utilities index in Fort Morgan is 77.

Living Expense Fort Morgan Colorado National Average
Overall 87 104 100
Services 105 102 100
Groceries 91 99 100
Health 100 100 100
Housing 70 116 100
Transportation 107 104 100
Utilities 77 90 100
For more reading on cost of living around Colorado, check out:
Fort Morgan Cost of Living Vs. CO

Fort Morgan, CO Housing Cost Breakdown

Housing swings affordability the most between places in Colorado, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Fort Morgan is $215,100.

  • The Median Rent in Fort Morgan is $939.

  • The Median Income in Fort Morgan is $51,250.

  • The Home Value To Income in Fort Morgan is 4.2x.

  • The Rent To Monthly Income in Fort Morgan is 0.22x.

Statistic Fort Morgan Colorado United States
Median Home Value $215,100 $397,500 $244,900
Median Rent $939 $1,437 $1,163
Median Income $51,250 $80,184 $69,021
Home Value To Income 4.2x 5.0x 3.5x
Rent To Monthly Income 0.22x 0.22x 0.2x
Search Homes For Sale In Fort Morgan, CO
$215,100
Median Home Value
$939
Median Rent
$51,250
Median Income

Fort Morgan, CO Costs By Category

Detailed Fort Morgan Services Costs Vs. Colorado

Item Fort Morgan Colorado
Shampoo $0.88 $1.06
Movie $13.19 $10.68
Bowling $20.67 $14.67
Haircut $24.05 $18.62
Beauty Salon $35.0 $39.05

Detailed Fort Morgan Groceries Costs Vs. Colorado

Item Fort Morgan Colorado
Ground Beef $4.62 $4.22
Fried Chicken $1.15 $1.39
Milk $1.78 $2.05
Potatoes $3.04 $3.29
Pizza $11.32 $10.62
Beer $8.96 $9.38
Toothpaste $2.11 $2.34

Detailed Fort Morgan Health Costs Vs. Colorado

Item Fort Morgan Colorado
Optometrist $99.83 $108.57
Doctor $117.67 $116.17
Dentist $92.83 $99.13

Detailed Fort Morgan Transportation Costs Vs. Colorado

Item Fort Morgan Colorado
Gasoline $2.24 $2.22
Tire Balancing $59.83 $50.07

Detailed Fort Morgan Utilities Costs Vs. Colorado

Item Fort Morgan Colorado
All Electricity $103.99 $167.67
Phone $187.21 $175.64

Fort Morgan SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
8
Affordability
6
Diversity
9
Safety
4
Amenities
8.5
Education
4
Commute
9

Cost Of Living In Cities Around Fort Morgan

The cost of living varies in the cities and towns around Fort Morgan. Here's a quick look at the cost of living in the most populous nearby places:

  • Sterling, CO has a cost of living index of 89, 1.0x Fort Morgan.

  • Brush, CO has a cost of living index of 92, 1.1x Fort Morgan.

City Population Cost Of Living Vs. Fort Morgan
Sterling, CO 13,976 89 1.0x
Brush, CO 5,323 92 1.1x

Articles About Colorado

Enjoy The Snack?