Living in Parachute, Colorado
Cost of living, income, home prices, rent and demographics of Parachute · Census data 2020–2024
Parachute has 1,422 residents with a median age of 26.1. The median household income is $58,778 (38% lower than the Colorado median), the median home value is $271,400, the median rent is $1,073/month.
Parachute is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Parachute at a glance
- Population
- 1,422
- Median age
- 26.1State: 37.7
- Median household income
- $58,778State: $95,470
- Median home value
- $271,400State: $539,400
- Median rent
- $1,073/moState: $1,761
- Homeowners
- 50.7%
- Bachelor's degree or higher
- 10.7%
- Average commute
- 37 min
Is Parachute a good place to live?
Pros: Home values 50% lower than the state median.
Cons: Median household income 38% lower than the Colorado median; an average commute of 37 minutes; unemployment of 18.7%; a poverty rate of 27.5%.
The weather is best in May–June and September–October.
Cost of living in Parachute
Housing is the biggest part of the cost of living. In Parachute the median home value is $271,400, 18% lower than the U.S. median. Renters pay a median of $1,073 per month, which is 24.7% of household income. Homeowners with a mortgage pay $1,419 a month in housing costs.
Parachute median household income
The median household income in Parachute is $58,778 and the income per person is $27,075. 27.5% of residents live below the poverty line (Colorado: 9.4%).
Housing in Parachute: homes for sale and rent
- Housing units
- 548
- Owner-occupied
- 50.7%
- Renter-occupied
- 49.3%
- Vacant
- 5.7%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 2.72
Parachute demographics
- Population
- 1,422
- Median age
- 26.1
- Under 18
- 32%
- 65 and older
- 10.7%
- Households
- 517
- Foreign-born
- 3.7%
- Veterans
- 5.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Parachute ›
Education in Parachute
10.7% of adults 25 and older in Parachute have a bachelor's degree or higher (Colorado: 45.7%), and 0.5% have a graduate or professional degree.
Jobs and commute in Parachute
- Unemployment rate
- 18.7%State: 4.6%
- Average commute
- 37 minState: 25 min
- Work from home
- 15.5%
- Drive alone
- 54.8%
- Public transit
- 0.9%
- Walk to work
- 5.2%
- Homes with broadband
- 96.1%
Parachute vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Parachute | 1,422 | $58,778 | $271,400 | $1,073 |
| Battlement Mesa | 5,755 | $76,152 | $312,700 | $1,106 |
| De Beque | 458 | $63,558 | $241,700 | $1,094 |
| Collbran | 356 | $50,833 | $246,600 | — |
| Rifle | 10,570 | $80,000 | $413,500 | $1,308 |
| Silt | 3,642 | $93,690 | $446,900 | $1,859 |
| Palisade | 2,584 | $80,587 | $404,600 | $1,203 |
| New Castle | 4,880 | $80,084 | $454,300 | $1,393 |
| Fruitvale | 8,019 | $77,887 | $333,100 | $1,686 |
More for people moving to Parachute
Parachute ZIP code ›Weather and climate ›Living in Parachute: FAQ
What is the median household income in Parachute, CO?
The median household income in Parachute is $58,778, 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 Parachute?
The median home value in Parachute is $271,400, compared with $539,400 in Colorado.
How much is rent in Parachute?
The median gross rent in Parachute is $1,073 per month, about 24.7% of household income.
Is Parachute, CO a good place to live?
Pluses: home values 50% lower than the state median. Minuses: median household income 38% lower than the Colorado median; an average commute of 37 minutes; unemployment of 18.7%; a poverty rate of 27.5%.
What is the median age in Parachute?
The median age in Parachute is 26.1 years (Colorado: 37.7).
How long is the commute in Parachute?
The average commute to work in Parachute is 37 minutes; 15.5% of workers work from home.
What is the unemployment rate in Parachute?
The unemployment rate in Parachute is 18.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Parachute?
10.7% of adults in Parachute 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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