Morgan County, Colorado Income Statistics
Morgan County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
-
C
Morgan County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Morgan County | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $72,623 | $95,803 | $80,455 |
| Median Personal Income | $49,549 | $68,113 | $60,758 |
| Average Yearly Income Growth | 5.1% | 5.4% | 4.8% |
| Six-Figure Earners | 6.3% | 18.1% | 13.9% |
| $200k+ Households | 4.6% | 17.0% | 13.2% |
The median household income in Morgan County is about 24% lower than in Colorado. Income has been growing slower in Morgan County (5.1%/yr) than in Colorado (5.4%/yr).
About 6% of adults in Morgan County earn six figures ($100,000 or more) a year, lower than the Colorado average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Morgan County, Colorado grew by 66.9% from 2009 to 2024, reaching $72,623 in 2024. That's an average of about 5.1% per year.
Income Inequality and the Gender Pay Gap in Morgan County
| Metric | Morgan County | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.520 | 0.524 | 0.552 |
| Male Median Income | $58,797 | $78,863 | $69,667 |
| Female Median Income | $47,847 | $64,818 | $56,850 |
| Gender Pay Gap | 18.6% | 17.8% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Morgan County, it is 0.520, about the same as Colorado's 0.524, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 23% more than women's income in Morgan County, Colorado. Over a 35-year career, a 23% wage gap accumulates to roughly $383,250 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Morgan County, Colorado has narrowed from about 29% to 19% in 2024. Over that period the gap was widest at 34% in 2010. In dollar terms, the gap has widened by $215 since 2009.
Employment
| Metric | Morgan County | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 4.6% | 5.2% |
| Working from Home | 8.6% | 21.0% | 15.0% |
| Commute time (minutes) | 13 | 22 | 22 |
Approximately 782 people are unemployed in Morgan County, Colorado.
The average commute time in Morgan County is 13 minutes, shorter than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Morgan County, Colorado has fallen from 8.0% to 5.3% in 2024. Over that period the rate fell as low as 3.7% in 2022.
Morgan County, CO Wealth Compared With Nearby Counties
Morgan County, CO is the 4th largest of the 6 counties compared here, 29,520 residents against a local median of 350,361. The measure that sets Morgan County, CO apart most is median household income: $72,623, 24% below the local median of $95,784. That is the weaker end of the local range on this measure.
The counties themselves spread $49,155 on median household income, so Morgan County, CO sits at one end of an already wide local range rather than apart from it. Morgan County, CO has the 4th highest median household income of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Morgan County, CO | 29,520 | $72,623 #4/6 | 5.1%/yr #4/6 | 5.3% #5/6 | 0.520 #2/6 |
| Weld County, CO | 350,361 | $96,835 | 5.5%/yr | 4.8% | 0.533 |
| Adams County, CO | 525,525 | $95,784 | 5.7%/yr | 4.6% | 0.521 |
| Washington County, CO | 4,831 | $66,764 | 4.6%/yr | 3.1% | 0.524 |
| Arapahoe County, CO | 647,849 | $101,681 | 5.4%/yr | 4.9% | 0.513 |
| Logan County, CO | 20,892 | $52,526 | 2.6%/yr | 5.4% | 0.575 |
Conclusion
Considering all these factors, Morgan County, Colorado has an overall wealth index grade of C, making it somewhat worse than Colorado, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Morgan County, Colorado.
How Rich Is Morgan County, Colorado?
Morgan County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $72,623, about 24% lower than the Colorado average of $95,803.
How fast is household income rising in Morgan County, Colorado?
Between 2009 and 2024, the median household income in Morgan County, Colorado rose 67%, from $43,506 to $72,623. Over the same years, income here lagged behind Colorado as a whole: +67% against +70%.
What was the median household income in Morgan County in 2023?
In 2023, the median household income in Morgan County, Colorado was $75,244, up 8% from $69,987 in 2022. The Colorado median that year was $93,071.
What was the median household income in Morgan County in 2020?
In 2020, the median household income in Morgan County, Colorado was $58,129. By 2024 it had risen 25% to $72,623.
What is the Gini coefficient in Morgan County, Colorado?
The Gini coefficient in Morgan County is 0.520. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Morgan County, Colorado?
Since 2009, the income gap between men and women in Morgan County, Colorado has narrowed from about 29% to 19% in 2024. Over that period the gap was widest at 34% in 2010. In dollar terms, the gap has widened by $215 since 2009.
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