Living in Severance, Colorado
Cost of living, income, home prices, rent and demographics of Severance · Census data 2020–2024
Severance has 10,130 residents with a median age of 32.4. The median household income is $124,572 (30% higher than the Colorado median), the median home value is $528,500, the median rent is $2,569/month.
Severance at a glance
- Population
- 10,130
- Median age
- 32.4State: 37.7
- Median household income
- $124,572State: $95,470
- Median home value
- $528,500State: $539,400
- Median rent
- $2,569/moState: $1,761
- Homeowners
- 91.6%
- Bachelor's degree or higher
- 47.7%
- Average commute
- 27 min
Is Severance a good place to live?
Pros: Median household income 30% higher than the Colorado median; home values about the same as the state median; unemployment of 2.3%; a poverty rate of 5.2%.
Cons: An average commute of 27 minutes.
The weather is best in June to September.
Cost of living in Severance
Housing is the biggest part of the cost of living. In Severance the median home value is $528,500, 59% higher than the U.S. median. Renters pay a median of $2,569 per month, which is 22.9% of household income. Homeowners with a mortgage pay $2,455 a month in housing costs.
Severance median household income
The median household income in Severance is $124,572 and the income per person is $44,605. 5.2% of residents live below the poverty line (Colorado: 9.4%).
Housing in Severance: homes for sale and rent
- Housing units
- 3,426
- Owner-occupied
- 91.6%
- Renter-occupied
- 8.4%
- Vacant
- 1.5%Includes seasonal homes
- Median year built
- 2014
- Average household size
- 3.00
Severance demographics
- Population
- 10,130
- Median age
- 32.4
- Under 18
- 30.2%
- 65 and older
- 6.6%
- Households
- 3,373
- Foreign-born
- 1.9%
- Veterans
- 9.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Severance ›
Education in Severance
47.7% of adults 25 and older in Severance have a bachelor's degree or higher (Colorado: 45.7%), and 16.6% have a graduate or professional degree.
Jobs and commute in Severance
- Unemployment rate
- 2.3%State: 4.6%
- Average commute
- 27 minState: 25 min
- Work from home
- 20%
- Drive alone
- 72.7%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 96.4%
Severance vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Severance | 10,130 | $124,572 | $528,500 | $2,569 |
| Windsor | 37,914 | $127,028 | $604,000 | $1,793 |
| Timnath | 8,941 | $178,257 | $730,100 | $2,206 |
| Greeley | 110,806 | $69,881 | $402,500 | $1,388 |
| Eaton | 5,867 | $106,294 | $475,900 | $1,707 |
| Ault | 2,425 | $95,049 | $359,100 | — |
| Pierce | 1,201 | $61,250 | $330,400 | $1,225 |
| Fort Collins | 170,229 | $85,070 | $577,900 | $1,690 |
| Garden City | 401 | $41,250 | $196,900 | $971 |
More for people moving to Severance
Severance ZIP code ›Weather and climate ›Living in Severance: FAQ
What is the median household income in Severance, CO?
The median household income in Severance is $124,572, 30% 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 Severance?
The median home value in Severance is $528,500, compared with $539,400 in Colorado.
How much is rent in Severance?
The median gross rent in Severance is $2,569 per month, about 22.9% of household income.
Is Severance, CO a good place to live?
Pluses: median household income 30% higher than the Colorado median; home values about the same as the state median; unemployment of 2.3%; a poverty rate of 5.2%. Minuses: an average commute of 27 minutes.
What is the median age in Severance?
The median age in Severance is 32.4 years (Colorado: 37.7).
How long is the commute in Severance?
The average commute to work in Severance is 27 minutes; 20% of workers work from home.
What is the unemployment rate in Severance?
The unemployment rate in Severance is 2.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Severance?
47.7% of adults in Severance 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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