Colorado · Census place 57400
Parachute town, CO
Quick answer
Parachute town has 1,513 residents, ranking #191 of 482 places in Colorado. Median household income is $58,910, the median home is worth $269,500 and median gross rent runs $1,050 a month.
- Population
- 1,513Parachute town residents
- Median household income
- $58,910Past 12 months, inflation adjusted
- Median home value
- $269,500Owner-occupied units
- Median gross rent
- $1,050Rent plus utilities, monthly
- Median age
- 26.8 yrsAll residents
- Homeownership rate
- 51.7%Owner-occupied households
What the numbers mean in Parachute town
Housing cost measured against local earnings.
A household earning the Parachute town median would spend about 21.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 18% of residents and 51.7% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Colorado.
- Del Norte town 1,576
- Limon town 1,572
- Nederland town 1,523
- Springfield town 1,482
- Leadville North CDP 1,470
- Paonia town 1,454
- Crested Butte town 1,436
Keep going
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