Living in Paonia, Colorado
Cost of living, income, home prices, rent and demographics of Paonia · Census data 2020–2024
Paonia has 1,661 residents with a median age of 44.4. The median household income is $59,574 (38% lower than the Colorado median), the median home value is $343,700, the median rent is $897/month.
Paonia at a glance
- Population
- 1,661
- Median age
- 44.4State: 37.7
- Median household income
- $59,574State: $95,470
- Median home value
- $343,700State: $539,400
- Median rent
- $897/moState: $1,761
- Homeowners
- 61.3%
- Bachelor's degree or higher
- 36.7%
- Average commute
- 12 min
Is Paonia a good place to live?
Pros: Home values 36% lower than the state median; an average commute of 12 minutes.
Cons: Median household income 38% lower than the Colorado median; unemployment of 5.8%; a poverty rate of 17.1%.
The weather is best in May–June and September–October.
Cost of living in Paonia
Housing is the biggest part of the cost of living. In Paonia the median home value is $343,700, 3% higher than the U.S. median. Renters pay a median of $897 per month, which is 17.5% of household income. Homeowners with a mortgage pay $1,545 a month in housing costs.
Paonia median household income
The median household income in Paonia is $59,574 and the income per person is $37,165. 17.1% of residents live below the poverty line (Colorado: 9.4%).
Housing in Paonia: homes for sale and rent
- Housing units
- 943
- Owner-occupied
- 61.3%
- Renter-occupied
- 38.7%
- Vacant
- 13.7%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 1.97
Paonia demographics
- Population
- 1,661
- Median age
- 44.4
- Under 18
- 15.2%
- 65 and older
- 26.6%
- Households
- 814
- Foreign-born
- 3.3%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Paonia ›
Education in Paonia
36.7% of adults 25 and older in Paonia have a bachelor's degree or higher (Colorado: 45.7%), and 10.8% have a graduate or professional degree.
Jobs and commute in Paonia
- Unemployment rate
- 5.8%State: 4.6%
- Average commute
- 12 minState: 25 min
- Work from home
- 17.4%
- Drive alone
- 71.2%
- Public transit
- 0%
- Walk to work
- 1.1%
- Homes with broadband
- 88.8%
Paonia vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Paonia | 1,661 | $59,574 | $343,700 | $897 |
| Hotchkiss | 1,224 | $54,545 | $266,700 | $1,300 |
| Crawford | 448 | $58,160 | $208,200 | $1,109 |
| Lazear | 196 | $41,841 | — | — |
| Cedaredge | 2,398 | $47,614 | $276,700 | $1,213 |
| Orchard City | 3,221 | $55,960 | $324,300 | $1,174 |
| Marble | 309 | $170,793 | $773,900 | — |
| Olathe | 1,793 | $55,767 | $245,600 | $967 |
| Delta | 9,421 | $45,250 | $283,300 | $990 |
More for people moving to Paonia
Paonia ZIP code ›Weather and climate ›Living in Paonia: FAQ
What is the median household income in Paonia, CO?
The median household income in Paonia is $59,574, 38% 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 Paonia?
The median home value in Paonia is $343,700, compared with $539,400 in Colorado.
How much is rent in Paonia?
The median gross rent in Paonia is $897 per month, about 17.5% of household income.
Is Paonia, CO a good place to live?
Pluses: home values 36% lower than the state median; an average commute of 12 minutes. Minuses: median household income 38% lower than the Colorado median; unemployment of 5.8%; a poverty rate of 17.1%.
What is the median age in Paonia?
The median age in Paonia is 44.4 years (Colorado: 37.7).
How long is the commute in Paonia?
The average commute to work in Paonia is 12 minutes; 17.4% of workers work from home.
What is the unemployment rate in Paonia?
The unemployment rate in Paonia is 5.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Paonia?
36.7% of adults in Paonia 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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