Living in Penrose, Colorado
Cost of living, income, home prices, rent and demographics of Penrose · Census data 2020–2024
Penrose has 4,087 residents with a median age of 43.7. The median household income is $88,109 (8% lower than the Colorado median), the median home value is $308,800, the median rent is $1,321/month.
Penrose at a glance
- Population
- 4,087
- Median age
- 43.7State: 37.7
- Median household income
- $88,109State: $95,470
- Median home value
- $308,800State: $539,400
- Median rent
- $1,321/moState: $1,761
- Homeowners
- 82%
- Bachelor's degree or higher
- 31.4%
- Average commute
- 23 min
Is Penrose a good place to live?
Pros: Home values 43% lower than the state median; an average commute of 23 minutes.
Cons: Median household income 8% lower than the Colorado median; unemployment of 7.1%; a poverty rate of 11.3%.
The weather is best in May–June and August–September.
Cost of living in Penrose
Housing is the biggest part of the cost of living. In Penrose the median home value is $308,800, 7% lower than the U.S. median. Renters pay a median of $1,321 per month, which is 45.7% of household income. Homeowners with a mortgage pay $1,707 a month in housing costs.
Penrose median household income
The median household income in Penrose is $88,109 and the income per person is $57,572. 11.3% of residents live below the poverty line (Colorado: 9.4%).
Housing in Penrose: homes for sale and rent
- Housing units
- 1,622
- Owner-occupied
- 82%
- Renter-occupied
- 18%
- Vacant
- 9.1%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.76
Penrose demographics
- Population
- 4,087
- Median age
- 43.7
- Under 18
- 21.7%
- 65 and older
- 20.5%
- Households
- 1,475
- Foreign-born
- 0.6%
- Veterans
- 12.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Penrose ›
Education in Penrose
31.4% of adults 25 and older in Penrose have a bachelor's degree or higher (Colorado: 45.7%), and 15.6% have a graduate or professional degree.
Jobs and commute in Penrose
- Unemployment rate
- 7.1%State: 4.6%
- Average commute
- 23 minState: 25 min
- Work from home
- 22.5%
- Drive alone
- 74.4%
- Public transit
- 0%
- Walk to work
- 1.6%
- Homes with broadband
- 89.6%
Penrose vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Penrose | 4,087 | $88,109 | $308,800 | $1,321 |
| Florence | 3,885 | $50,262 | $249,700 | $754 |
| Coal Creek | 324 | $34,000 | $199,000 | $1,225 |
| Williamsburg | 770 | $50,250 | $227,000 | $1,250 |
| Rockvale | 695 | $46,250 | $191,200 | $983 |
| Brookside | 276 | $62,813 | $357,100 | $1,364 |
| Lincoln Park | 3,986 | $60,036 | $295,800 | $1,148 |
| Cañon City | 17,122 | $64,787 | $316,100 | $997 |
| Park Center | 2,588 | $72,212 | $386,200 | $1,159 |
More for people moving to Penrose
Penrose ZIP code ›Weather and climate ›Living in Penrose: FAQ
What is the median household income in Penrose, CO?
The median household income in Penrose is $88,109, 8% 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 Penrose?
The median home value in Penrose is $308,800, compared with $539,400 in Colorado.
How much is rent in Penrose?
The median gross rent in Penrose is $1,321 per month, about 45.7% of household income.
Is Penrose, CO a good place to live?
Pluses: home values 43% lower than the state median; an average commute of 23 minutes. Minuses: median household income 8% lower than the Colorado median; unemployment of 7.1%; a poverty rate of 11.3%.
What is the median age in Penrose?
The median age in Penrose is 43.7 years (Colorado: 37.7).
How long is the commute in Penrose?
The average commute to work in Penrose is 23 minutes; 22.5% of workers work from home.
What is the unemployment rate in Penrose?
The unemployment rate in Penrose is 7.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Penrose?
31.4% of adults in Penrose 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: