salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs about 4.5 years of household income. Commutes are short, about 16.8 minutes.
How much money do I need?
To rent here comfortably, you should earn about $32,960 a year. That is $16 an hour at a full-time job.
Is rent cheaper than other Colorado cities?
Yes. Rent here is cheaper than in most of Colorado. It is number 4 of 112 cities from cheapest to most expensive.
How much do households earn in Fort Morgan?
Share of households by yearly income. 10.6% of households earn $100,000 or more.
Rent by apartment size in Fort Morgan
| Size | Fort Morgan | U.S. average |
|---|---|---|
| 1 bedroom | $598 | $1,324 |
| 2 bedrooms | $1,057 | $1,509 |
| 3 bedrooms | $1,381 | $1,698 |
| 4 bedrooms | $1,622 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Fort Morgan overall?
Everyday prices in Colorado overall are 3% above the U.S. average (index 103.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Fort Morgan, so the Colorado figure is shown.
Taxes and bills in Fort Morgan
Life in Fort Morgan
Is it cheaper to rent or buy in Fort Morgan?
Renting is cheaper right now: about $1,351 a month less.
Owning assumes a typical $313,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $31,340 for the down payment.
Frequently asked questions
What is the average rent in Fort Morgan, CO?
Renting in Fort Morgan costs a median of about $824 a month in 2026, including utilities. The Colorado median is $2,080.
How much do I need to make to live in Fort Morgan?
To keep rent under 30% of income, you need about $32,960 a year, or $16 an hour at a full-time job.
Is Fort Morgan cheap or expensive?
Fort Morgan is rated Cheap: rent takes 14.3% of the typical household income of $69,194. It ranks 4th cheapest of 112 Colorado cities we track.
How much are property taxes in Fort Morgan?
The median homeowner in Fort Morgan pays $1,536 a year in property taxes, about 0.49% of the median home value.
Is Fort Morgan more expensive than the national average?
Overall prices in Colorado are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Fort Morgan?
The median home value in Fort Morgan is $313,400, about 4.5 times the typical yearly household income.
11,605 people live in Fort Morgan. Numbers are typical (middle) values.