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.
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:
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|
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|
|Home Value To Income||4.2x||5.0x||3.5x|
|Rent To Monthly Income||0.22x||0.22x||0.2x|
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.