Fort Morgan, CO is a small city located in northeastern Colorado with a population of around 11,000 people. It has a long history as a farming community and is known for its close-knit community and friendly atmosphere. Renting a two-bedroom apartment in Fort Morgan is much more affordable than the US average, with an average rent of $1,500 compared to $1,430 nationwide. The cost of groceries in Fort Morgan is slightly lower than the US average with an index of 95 compared to 100 across the country.
The city boasts several local businesses including Suzy Q’s Restaurant & Bakery which serves up delicious comfort food like burgers and homemade pies; Bosco’s Groceries which offers locally sourced groceries at competitive prices; and JK Auto Repair which provides reliable car repairs. With lower rent costs and grocery prices than the national averages, Fort Morgan continues to remain an attractive destination for those looking for an affordable place to live while being close to nature and enjoying all that this historic region has to offer.
Fort Morgan has an unemployment rate of 5.7%. The US average is 6.0%.
Fort Morgan has seen the job market increase by 4.7% over the last year. Future job growth over the next ten years is predicted to be 53.4%, which is higher than the US average of 33.5%.
Tax Rates for Fort Morgan
- The Sales Tax Rate for Fort Morgan is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Fort Morgan is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fort Morgan
- The average income of a Fort Morgan resident is $18,930 a year. The US average is $28,555 a year.
- The Median household income of a Fort Morgan resident is $51,250 a year. The US average is $69,021 a year.