Official Federal Data
Morgan County, Colorado
FIPS 08087 · Fort Morgan, CO · Population 29,520
9 Sources
Updated June 22, 2026
$73,278 ▲
Median Income
$80,734 national
4.1%
Unemployment
4% national
$2B ▲
GDP
17.8% ▲
Bachelor's+
35.7% national
Demographics & Population
Census Bureau American Community Survey 2020-2024 · 5-Year Estimates
Household Income
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
Median Household
$73,278 ▲
Per Capita
$32,280 ▲
Mean Household
$85,230 ▲
Poverty Rate
14.3% ▲
Median Income Comparison
Morgan County$73,278
Colorado$95,470
National$80,734
Population Profile
Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
Cohorts
Under 18 · 25%
18-34 · 22.8%
35-54 · 23.9%
55-64 · 12.3%
65+ · 16%
Race & Ethnicity
Hispanic or Latino is an ethnic category and overlaps with the race categories above.
Educational Attainment
Source: Census Bureau ACS 2020-2024 · Table B15003 · Population 25+
85.6%
High School+
National: 89.6%
▼ 4.0 pts
17.8%
Bachelor's+
National: 35.7%
▼ 17.9 pts
6.4%
Graduate+
National: 14.1%
▼ 7.7 pts
Employment Overview
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
29,520
Population
14,723
Labor Force
Employed
13,941
Unemployment Rate BLS LAUS 2025 annual
4.1%
Mean Commute 3 min below national avg
23.3 min
Work From Home vs 15.1% national
8.6%
Key Takeaways
- Elevated poverty: At 14.3%, the rate is in economically distressed territory and supports federal funding narratives (CDFI, NMTC, EDA).
- Talent gap: Bachelor's-or-higher attainment trails the national average by 17.9 pts, relevant for advanced-services attraction strategy.
Economy & Industry
Bureau of Labor Statistics QCEW · Bureau of Economic Analysis
Key Takeaways
- Largest sector: Manufacturing employs 3,406 workers (35% of tracked sectors), at an average wage of $66,182.
- Economic scale: Regional GDP of $2B (2024).
- Wage stratification: Finance and Insurance averages $76,896 while Accommodation and Food Services averages $22,729, a 3.4x spread in the same local economy, with implications for workforce development and talent strategy.
Source: BLS QCEW + BEA Regional GDP.
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Industry Concentration
Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.
Cluster Depth
Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Goods-Producing Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
5,277
Cluster Employment
2.74x
Peak LQ
Concentrated Sub-Sectors
Animal Production and Aquaculture
32.08x 736
Food Manufacturing
20.99x 3,167
Support Activities for Mining
9.33x 211
Telecommunications
4.16x 210
Utilities
3.24x 166
2.74x 5,277
Crop Production
2.58x 116
Gasoline Stations and Fuel Dealers
2.26x 201
Truck Transportation
2.22x 279
Construction of Buildings
1.58x 250
Attraction Opportunities
LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.15x
Professional, Scientific, and Technical Services
141 employed
0.19x
Educational Services
53 employed
0.35x
Insurance Carriers and Related Activities
78 employed
Key Takeaways
- Top specialization: Animal Production and Aquaculture concentrates at 32.08x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity to site selectors.
- Cluster depth: 10 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
- Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment depending on labor-market fit.
Source: BLS QCEW sub-sector Location Quotients.
Housing & Affordability
Census ACS · HUD Fair Market Rents FY2026
Housing Overview
Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$338,600 ▲
Median Home Value vs 2019
$1,025 ▲
Rent/Mo
67.3% ▲
Owner-Occ
6.2% ▼
Vacancy
4.6x
Home Value to Income Ratio
vs. ~4.1x national average
HUD Fair Market Rents
Source: HUD · Fair Market Rents FY2026
Studio
$878/mo
1 Bedroom
$884/mo
2 Bedroom
$1,160/mo
3 Bedroom
$1,606/mo
4 Bedroom
$1,824/mo
30% of monthly median household income (~$1,832/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
- In line with national: Home value to income ratio of 4.6x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
- Broadly affordable rents: All 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$1,832/mo), a clear cost-of-living advantage for workforce attraction.
Source: Census ACS housing tables + HUD Fair Market Rents.
Workforce Pipeline
Labor force readiness, commuting, and workforce composition
Labor Market Overview
Source: Census ACS 2020-2024 · Tables B01001, B23025, B08303, B08301
17,416 ▲
Working Age (18-64) vs 2019
Mean Commute 3 min below national avg
23.3 min
Work From Home vs 15.1% national
8.6%
Prime-Age Employed (25-54)
80.1%
of prime-age population
▼ vs 2019
Education & Talent Pipeline
Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
17.8% ▲
HS Diploma+
85.6% ▲
Regional / Statewide Institutions
Total credentials awarded
40,234/yr
9,646/yr
7,956/yr
7,631/yr
5,700/yr
5,675/yr
3,626/yr
Aging Workforce
Source: Census Bureau ACS · Derived from age & employment tables
20.8%
55-64 of working-age population (18-64)
Elevated retirement risk, above the 20% threshold. Succession planning recommended.
Workforce by Occupation
Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
32.7%
Service
13.2%
Sales & Office
19.3%
Construction / Maint.
16.6%
Production / Transport
18.2%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 13,941 employed workers.
Key Takeaways
- Talent pipeline: 6 regional institutions feed the workforce; the top three combined produce 25,233 annual credentials.
Source: ACS workforce data and College Scorecard.
AI Insights
AI-assisted analysis, drawn from 9 federal data sources
Sample AI Insight
Morgan County shows strong potential for animal production and aquaculture attraction, with a 32.08x concentration and 736 jobs in this sub-sector. It ranks in the top decile nationally.
The interconnected base across animal production and aquaculture, food manufacturing, and support activities for mining creates supply-chain attraction leverage rather than single-employer risk, a structural advantage for industrial recruitment.
Industry Shift Analysis
Manufacturing Automation Risk
High
Healthcare Growth Forecast
+4.2% CAGR
Remote Work Migration
67/100
Prospect Match Scores
Advanced Manufacturing
92/100
Life Sciences
84/100
Data Centers
71/100
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Data Sources
Updated from official federal government data.
Census ACS 5-Year2024
BLS QCEW2025 annual
BLS LAUS (via FRED)2025 annual
BEA Regional GDP2024
Census CBP2023
HUD Fair Market RentsFY2026
FCC Broadband Map2024
USAspending.govFY2026
College ScorecardAY 2022-23
Frequently Asked Questions
Key economic and demographic figures for Morgan County, Colorado, from federal data sources.
What is the population of Morgan County, Colorado?
29,520 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the median household income in Morgan County, Colorado?
$73,278 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the unemployment rate in Morgan County, Colorado?
4.1% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).
What is the GDP of Morgan County, Colorado?
$2B (U.S. Bureau of Economic Analysis, CAGDP1).
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