Living in Elbert, Colorado
Cost of living, income, home prices, rent and demographics of Elbert · Census data 2020–2024
Elbert has 164 residents with a median age of 37.4. The median household income is $69,167 (28% lower than the Colorado median), the median home value is $327,100, the median rent is $1,234/month.
Elbert is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Elbert at a glance
- Population
- 164
- Median age
- 37.4State: 37.7
- Median household income
- $69,167State: $95,470
- Median home value
- $327,100State: $539,400
- Median rent
- $1,234/moState: $1,761
- Homeowners
- 76.8%
- Bachelor's degree or higher
- 27%
- Average commute
- 41 min
Is Elbert a good place to live?
Pros: Home values 39% lower than the state median; unemployment of 4%.
Cons: Median household income 28% lower than the Colorado median; an average commute of 41 minutes; a poverty rate of 15.9%.
The weather is best in June to September.
Cost of living in Elbert
Housing is the biggest part of the cost of living. In Elbert the median home value is $327,100, about the same as the U.S. median. Renters pay a median of $1,234 per month, which is 19.3% of household income. Homeowners with a mortgage pay $1,551 a month in housing costs.
Elbert median household income
The median household income in Elbert is $69,167 and the income per person is $40,698. 15.9% of residents live below the poverty line (Colorado: 9.4%).
Housing in Elbert: homes for sale and rent
- Housing units
- 91
- Owner-occupied
- 76.8%
- Renter-occupied
- 23.2%
- Vacant
- 9.9%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.00
Elbert demographics
- Population
- 164
- Median age
- 37.4
- Under 18
- 17.7%
- 65 and older
- 7.9%
- Households
- 82
- Foreign-born
- 0%
- Veterans
- 10.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Elbert ›
Education in Elbert
27% of adults 25 and older in Elbert have a bachelor's degree or higher (Colorado: 45.7%), and 4.8% have a graduate or professional degree.
Jobs and commute in Elbert
- Unemployment rate
- 4%State: 4.6%
- Average commute
- 41 minState: 25 min
- Work from home
- 11.6%
- Drive alone
- 88.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Elbert vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elbert | 164 | $69,167 | $327,100 | $1,234 |
| Kiowa | 673 | $92,625 | $367,000 | $1,183 |
| Elizabeth | 2,244 | $112,986 | $475,900 | $1,808 |
| Black Forest | 15,738 | $145,460 | $856,200 | — |
| Ponderosa Park | 3,453 | $132,154 | $704,000 | — |
| Franktown | 472 | $250,001 | $1,398,300 | — |
| Woodmoor | 8,934 | $171,875 | $771,900 | $2,276 |
| Calhan | 620 | $62,321 | $296,600 | $943 |
| Larkspur | 131 | $70,417 | $163,600 | — |
More for people moving to Elbert
Elbert ZIP code ›Weather and climate ›Living in Elbert: FAQ
What is the median household income in Elbert, CO?
The median household income in Elbert is $69,167, 28% 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 Elbert?
The median home value in Elbert is $327,100, compared with $539,400 in Colorado.
How much is rent in Elbert?
The median gross rent in Elbert is $1,234 per month, about 19.3% of household income.
Is Elbert, CO a good place to live?
Pluses: home values 39% lower than the state median; unemployment of 4%. Minuses: median household income 28% lower than the Colorado median; an average commute of 41 minutes; a poverty rate of 15.9%.
What is the median age in Elbert?
The median age in Elbert is 37.4 years (Colorado: 37.7).
How long is the commute in Elbert?
The average commute to work in Elbert is 41 minutes; 11.6% of workers work from home.
What is the unemployment rate in Elbert?
The unemployment rate in Elbert is 4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elbert?
27% of adults in Elbert 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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