Living in Grand Lake, Colorado
Cost of living, income, home prices, rent and demographics of Grand Lake · Census data 2020–2024
Grand Lake has 333 residents with a median age of 61.4. The median household income is $103,750 (9% higher than the Colorado median), the median home value is $542,700.
Grand Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Grand Lake at a glance
- Population
- 333
- Median age
- 61.4State: 37.7
- Median household income
- $103,750State: $95,470
- Median home value
- $542,700State: $539,400
- Homeowners
- 80.8%
- Bachelor's degree or higher
- 35.2%
- Average commute
- 24 min
Is Grand Lake a good place to live?
Pros: Median household income 9% higher than the Colorado median; an average commute of 24 minutes; unemployment of 3.7%; a poverty rate of 4.8%.
Cons: Home values about the same as the state median.
The weather is best in June to September.
Cost of living in Grand Lake
Housing is the biggest part of the cost of living. In Grand Lake the median home value is $542,700, 63% higher than the U.S. median. Renters pay a median of — per month, which is 22.3% of household income. Homeowners with a mortgage pay $1,865 a month in housing costs.
Grand Lake median household income
The median household income in Grand Lake is $103,750 and the income per person is $56,215. 4.8% of residents live below the poverty line (Colorado: 9.4%).
Housing in Grand Lake: homes for sale and rent
- Housing units
- 806
- Owner-occupied
- 80.8%
- Renter-occupied
- 19.2%
- Vacant
- 75.4%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 1.67
75.4% of homes are vacant most of the year, a sign that Grand Lake has many vacation and second homes.
Grand Lake demographics
- Population
- 333
- Median age
- 61.4
- Under 18
- 10.5%
- 65 and older
- 26.1%
- Households
- 198
- Foreign-born
- 1.8%
- Veterans
- 7.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Grand Lake ›
Education in Grand Lake
35.2% of adults 25 and older in Grand Lake have a bachelor's degree or higher (Colorado: 45.7%), and 13.4% have a graduate or professional degree.
Jobs and commute in Grand Lake
- Unemployment rate
- 3.7%State: 4.6%
- Average commute
- 24 minState: 25 min
- Work from home
- 8.3%
- Drive alone
- 76.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 89.4%
Grand Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Grand Lake | 333 | $103,750 | $542,700 | — |
| Granby | 2,270 | $72,926 | $567,100 | $1,276 |
| Allenspark | 825 | $108,056 | $742,900 | $1,311 |
| Estes Park | 5,844 | $85,956 | $664,200 | $1,511 |
| Tabernash | 466 | $111,198 | $1,350,000 | — |
| Hot Sulphur Springs | 1,108 | $106,600 | $389,900 | $1,484 |
| Ward | 103 | $56,875 | $322,200 | — |
| Bar-K Ranch | 199 | $115,521 | $772,100 | — |
| Fraser | 1,405 | $89,980 | $600,800 | $1,660 |
More for people moving to Grand Lake
Grand Lake ZIP code ›Weather and climate ›Living in Grand Lake: FAQ
What is the median household income in Grand Lake, CO?
The median household income in Grand Lake is $103,750, 9% higher 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 Grand Lake?
The median home value in Grand Lake is $542,700, compared with $539,400 in Colorado.
Is Grand Lake, CO a good place to live?
Pluses: median household income 9% higher than the Colorado median; an average commute of 24 minutes; unemployment of 3.7%; a poverty rate of 4.8%. Minuses: home values about the same as the state median.
What is the median age in Grand Lake?
The median age in Grand Lake is 61.4 years (Colorado: 37.7).
How long is the commute in Grand Lake?
The average commute to work in Grand Lake is 24 minutes; 8.3% of workers work from home.
What is the unemployment rate in Grand Lake?
The unemployment rate in Grand Lake is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Grand Lake?
35.2% of adults in Grand Lake 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.
Last updated: