Fort Morgan, CO Cost Of Living
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 97, with 100 being the average.
The cost of living index in Fort Morgan is 1.0x lower than the national average.
Fort Morgan ranks as the #8 cheapest in Colorado out of 113.
Fort Morgan ranks as the #2,245 cheapest out of 6,489 in the US.
The median home value in Fort Morgan is $328,955.
The median income in Fort Morgan is $59,121.
Table Of Contents
Fort Morgan's Overall Cost Of Living
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 97, which is 1.0x lower than the national index of 100.
Compared to Colorado, Fort Morgan has a cost of living index that's 0.9x lower than Colorado's index of 111.
The standard of living in Fort Morgan ranks as #8 most affordable out of the 113 places we measured in Colorado. By definition, that implies Fort Morgan ranks as the #105 most expensive place in the Centennial State.
For more reading on life in Fort Morgan, check out:
In Colorado
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 102.
The Groceries index in Fort Morgan is 94.
The Health index in Fort Morgan is 90.
The Housing index in Fort Morgan is 96.
The Transportation index in Fort Morgan is 110.
The Utilities index in Fort Morgan is 87.
| Living Expense | Fort Morgan | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 97 | 111 | 100 | |
| Services | 102 | 102 | 100 | |
| Groceries | 94 | 103 | 100 | |
| Health | 90 | 101 | 100 | |
| Housing | 96 | 134 | 100 | |
| Transportation | 110 | 107 | 100 | |
| Utilities | 87 | 89 | 100 | |
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 2019-2023. The key points are:
The Median Home Value in Fort Morgan is $328,955.
The Median Rent in Fort Morgan is $1,074.
The Median Income in Fort Morgan is $59,121.
The Home Value To Income in Fort Morgan is 5.6x.
The Rent To Monthly Income in Fort Morgan is 0.22x.
| Statistic | Fort Morgan | Colorado | United States |
|---|---|---|---|
| Median Home Value | $328,955 | $540,183 | $303,400 |
| Median Rent | $1,074 | $1,693 | $1,348 |
| Median Income | $59,121 | $92,470 | $78,538 |
| Home Value To Income | 5.6x | 5.8x | 3.9x |
| Rent To Monthly Income | 0.22x | 0.22x | 0.21x |
Median Home Value
Median Rent
Median Income
Fort Morgan, CO Costs By Category
Detailed Fort Morgan Services Costs Vs. Colorado
| Item | Fort Morgan | Colorado |
|---|---|---|
| Shampoo | $1.19 | $1.28 |
| Movie | $11.09 | $12.13 |
| Bowling | $22.22 | $18 |
| Haircut | $25.33 | $24.26 |
| Beauty Salon | $45.45 | $45.56 |
Detailed Fort Morgan Groceries Costs Vs. Colorado
| Item | Fort Morgan | Colorado |
|---|---|---|
| Ground Beef | $5.56 | $5.84 |
| Fried Chicken | $1.43 | $1.57 |
| Milk | $4.89 | $4.67 |
| Potatoes | $4.62 | $4.93 |
| Pizza | $11.06 | $12.09 |
| Beer | $11.34 | $10.41 |
| Toothpaste | $4.12 | $3.7 |
Detailed Fort Morgan Health Costs Vs. Colorado
| Item | Fort Morgan | Colorado |
|---|---|---|
| Optometrist | $110.45 | $125.68 |
| Doctor | $188.89 | $135.78 |
| Dentist | $107.78 | $113.29 |
Detailed Fort Morgan Transportation Costs Vs. Colorado
| Item | Fort Morgan | Colorado |
|---|---|---|
| Gasoline | $3.58 | $3.46 |
| Tire Balancing | $73.58 | $59.92 |
Detailed Fort Morgan Utilities Costs Vs. Colorado
| Item | Fort Morgan | Colorado |
|---|---|---|
| All Electricity | $161.0 | $193.99 |
| Phone | $195.56 | $192.25 |
Fort Morgan SnackAbility
/10
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 94, 1.0x Fort Morgan.
Brush, CO has a cost of living index of 98, 1.0x Fort Morgan.
| City | Population | Cost Of Living | Vs. Fort Morgan |
|---|---|---|---|
| Sterling, CO | 13,273 | 94 | 1.0x |
| Brush, CO | 5,299 | 98 | 1.0x |
