Morgan County, Colorado

Income Data

+1% vs. Colorado average
$75,407
Median Household Income
$31,867
Per Capita Income

At a Glance

Median Household Income
$75,407
+1% vs. state avg
Per Capita Income
$31,867
-19% vs. national
Income-to-Housing Ratio
25.2%
income as % of home value
Rank in Colorado
#28 / 64
by median household income

How Morgan County Compares

Morgan County$75,407
Colorado Average$74,792
National Median$74,755

Detailed Income Statistics

$75,407
Median Household Income
$31,867
Per Capita Income
$299,300
Median Home Value
25.2%
Income-to-Housing Ratio

Data Story

About Household Income in Morgan County, Colorado

Morgan County Edges Past National Median

Morgan County's median household income of $75,407 surpasses the national median of $74,755 by $652. This positions the county just above the U.S. middle class, supported by agriculture, energy, and light manufacturing sectors.

Matches Colorado's Statewide Income Profile

Morgan County's $75,407 income essentially equals Colorado's state median of $74,792, placing it squarely at the state middle. The county maintains parity with more urban and developed areas despite its rural northeastern location.

Strongest Earner Among Plains Counties

Morgan County's $75,407 income outpaces neighboring Otero County ($54,897) by over $20,000, reflecting stronger agricultural productivity and regional economic stability. It trails mountain counties significantly but leads most northeastern plains peers.

Housing Highly Affordable at 17.4%

Morgan County's rent-to-income ratio of 17.4% is among the lowest statewide, with residents spending well under one-fifth on housing. Median home values of $299,300 remain highly accessible, making homeownership realistic for most working families.

Seize Affordability to Accelerate Savings

Morgan County's low housing costs create exceptional opportunity to save aggressively—aim to direct 15-20% of household income toward retirement and investments. Consider 529 college savings plans and rental property investment to build intergenerational wealth.

Frequently Asked Questions

What is the median household income in Morgan County, Colorado?
The median household income in Morgan County, Colorado is $75,407, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Morgan County?
The per capita income in Morgan County is $31,867, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $75,407.
How does Morgan County compare to the Colorado average?
Morgan County's median household income of $75,407 is higher than the Colorado state average of $74,792. The per capita income is $31,867, compared to the state average of $43,584.
What is the per capita income in Morgan County, Colorado?
The per capita income in Morgan County, Colorado is $31,867, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Morgan County income higher than the Colorado average?
Morgan County's median household income of $75,407 is higher than the Colorado average of $74,792. This difference of $615 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Morgan County rank for income in Colorado?
Morgan County ranks #28 out of 64 counties in Colorado by median household income (1 = highest). With a median household income of $75,407 and per capita income of $31,867, it falls in the middle third of counties statewide.

Income Comparison Calculator

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.