Living in Aspen, Colorado
Cost of living, income, home prices, rent and demographics of Aspen · Census data 2020–2024
Aspen has 6,756 residents with a median age of 43.7. The median household income is $74,033 (22% lower than the Colorado median), the median home value is $819,900, the median rent is $2,081/month.
Aspen at a glance
- Population
- 6,756
- Median age
- 43.7State: 37.7
- Median household income
- $74,033State: $95,470
- Median home value
- $819,900State: $539,400
- Median rent
- $2,081/moState: $1,761
- Homeowners
- 57.1%
- Bachelor's degree or higher
- 69.6%
- Average commute
- 14 min
Is Aspen a good place to live?
Pros: An average commute of 14 minutes; unemployment of 2.4%.
Cons: Median household income 22% lower than the Colorado median; home values 52% higher than the state median; a poverty rate of 10.6%.
The weather is best in June to September.
Cost of living in Aspen
Housing is the biggest part of the cost of living. In Aspen the median home value is $819,900, 146% higher than the U.S. median. Renters pay a median of $2,081 per month, which is 42.6% of household income. Homeowners with a mortgage pay $2,717 a month in housing costs.
Aspen median household income
The median household income in Aspen is $74,033 and the income per person is $113,282. 10.6% of residents live below the poverty line (Colorado: 9.4%).
Housing in Aspen: homes for sale and rent
- Housing units
- 6,152
- Owner-occupied
- 57.1%
- Renter-occupied
- 42.9%
- Vacant
- 33.3%Includes seasonal homes
- Median year built
- 1986
- Average household size
- 1.62
33.3% of homes are vacant most of the year, a sign that Aspen has many vacation and second homes.
Aspen demographics
- Population
- 6,756
- Median age
- 43.7
- Under 18
- 9.7%
- 65 and older
- 17.4%
- Households
- 4,105
- Foreign-born
- 13.6%
- Veterans
- 3.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Aspen ›
Education in Aspen
69.6% of adults 25 and older in Aspen have a bachelor's degree or higher (Colorado: 45.7%), and 27.5% have a graduate or professional degree.
Jobs and commute in Aspen
- Unemployment rate
- 2.4%State: 4.6%
- Average commute
- 14 minState: 25 min
- Work from home
- 18.4%
- Drive alone
- 37.9%
- Public transit
- 9.1%
- Walk to work
- 14.2%
- Homes with broadband
- 89.2%
Aspen vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Aspen | 6,756 | $74,033 | $819,900 | $2,081 |
| Woody Creek | 109 | $92,895 | — | — |
| Snowmass Village | 2,972 | $102,959 | $1,729,900 | $2,042 |
| Basalt | 4,335 | $105,855 | $1,180,300 | $2,257 |
| El Jebel | 2,941 | $103,042 | $912,200 | $3,216 |
| Marble | 309 | $170,793 | $773,900 | — |
| Mount Crested Butte | 823 | $85,357 | $555,300 | $2,129 |
| Redstone | 144 | $114,479 | $826,600 | — |
| Catherine | 255 | $211,154 | — | — |
More for people moving to Aspen
Aspen ZIP code ›Weather and climate ›Living in Aspen: FAQ
What is the median household income in Aspen, CO?
The median household income in Aspen is $74,033, 22% lower than the Colorado median of $95,470 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Aspen?
The median home value in Aspen is $819,900, compared with $539,400 in Colorado.
How much is rent in Aspen?
The median gross rent in Aspen is $2,081 per month, about 42.6% of household income.
Is Aspen, CO a good place to live?
Pluses: an average commute of 14 minutes; unemployment of 2.4%. Minuses: median household income 22% lower than the Colorado median; home values 52% higher than the state median; a poverty rate of 10.6%.
What is the median age in Aspen?
The median age in Aspen is 43.7 years (Colorado: 37.7).
How long is the commute in Aspen?
The average commute to work in Aspen is 14 minutes; 18.4% of workers work from home.
What is the unemployment rate in Aspen?
The unemployment rate in Aspen is 2.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Aspen?
69.6% of adults in Aspen have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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