Morgan County, Colorado
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Morgan County Compares
Detailed Income Statistics
Income Advisory: Morgan County
Income Verdict
Morgan County has a median household income of $75,407 and per capita income of $31,867 — a gap of $43,540, indicating a strong family-earning economy with multiple earners per household.
Housing Affordability
With median gross rent at $1,092/month and a median household income of $75,407, rent consumes approximately 17.4% of monthly income — well within affordable thresholds.
Economic Context
A median household income of $75,407 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $31,867 is in line with national norms for individual earners.
Neighbor Context
Morgan County earns approximately 0.8% above the Colorado state median household income of $74,792, positioning it favorably within the state.
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
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Income Adequacy
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.