Fort Morgan, CO vs Penrose, CO

Fort Morgan is moderately more affordable than Penrose, with a 7.4% lower cost of living index. Fort Morgan scores 91 compared to 98 for Penrose, where the US average is 100. This difference means residents of Penrose can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Fort Morgan are $259,900 compared to $276,100 in Penrose, a 6% gap.

Median household income in Fort Morgan is $59,121 compared to $75,109 in Penrose (-21.3%). While Penrose is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.