Morrison, CO
Population 415 · Colorado
About Morrison, CO
Morrison is a small community located in Colorado with a population of 415 residents according to the latest US Census Bureau American Community Survey data. The median household income is $116,667 per year, which is 55% above the national median of $75,149. The median age of 58 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Morrison features a median home value of $739,900, which is 202% above the national median of $244,900. This places Morrison in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,724, 48% above the national average of $1,163/month. Of the 137 total housing units, 71% are owner-occupied (87 units) and 29% are renter-occupied (35 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Morrison shows an unemployment rate of 8.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Morrison have an average one-way commute time of 26.3 minutes.
Education & Demographics
43.7% of Morrison residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 4.8% Asian residents, with 0.5% of the population being foreign-born.
Cost of Living in Morrison, CO
Compared to national averages, Morrison has a median household income of $116,667 (55% above the national median of $75,149). Home values average $739,900, which is 202% above the national median. Monthly rent at $1,724 is 48% above the US average of $1,163. Within Colorado, Morrison's income is 32% above the state average of $88,514, and home values are 62% above the state median of $457,127.
Why Live in Morrison, CO?
Morrison offers a strong local economy with a median household income of $116,667, well above the national average, and a well-educated community where 43.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $739,900. However, Morrison’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Morrison has a population of 415 with a median age of 58 years. Compare Morrison with other cities to see how it stacks up, or explore all cities in Colorado.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Morrison
What is the population of Morrison, CO?
The population of Morrison, CO is 415 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Colorado.
What is the median household income in Morrison?
The median household income in Morrison, CO is $116,667 per year, which is 55% above the national median of $75,149.
What is the median home value in Morrison?
The median home value in Morrison, CO is $739,900, which is 202% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Morrison?
The median monthly rent in Morrison, CO is $1,724, which is 48% above the national average of $1,163/month.
What is the unemployment rate in Morrison?
The unemployment rate in Morrison, CO is 8.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Morrison, CO a good place to live?
Morrison offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 415 and a median age of 58, the city appeals to established professionals and retirees.
How educated is Morrison, CO?
43.7% of residents in Morrison aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Morrison?
Key cost-of-living indicators for Morrison, CO: median home value is $739,900 (202% above national), median rent is $1,724/month, and median household income is $116,667. The home-value-to-income ratio is 6.3x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Morrison?
The poverty rate in Morrison, CO is 2.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Morrison, CO?
Morrison's population is 0.0% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 4.8% Asian, and 5.1% two or more races. 0.5% of residents are foreign-born.