Living in Simla, Colorado
Cost of living, income, home prices, rent and demographics of Simla · Census data 2020–2024
Simla has 423 residents with a median age of 38.8. The median household income is $44,688 (53% lower than the Colorado median), the median home value is $251,400, the median rent is $1,042/month.
Simla is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Simla at a glance
- Population
- 423
- Median age
- 38.8State: 37.7
- Median household income
- $44,688State: $95,470
- Median home value
- $251,400State: $539,400
- Median rent
- $1,042/moState: $1,761
- Homeowners
- 45.5%
- Bachelor's degree or higher
- 20.6%
- Average commute
- 19 min
Is Simla a good place to live?
Pros: Home values 53% lower than the state median; an average commute of 19 minutes.
Cons: Median household income 53% lower than the Colorado median; a poverty rate of 31%.
The weather is best in May–June and August–September.
Cost of living in Simla
Housing is the biggest part of the cost of living. In Simla the median home value is $251,400, 24% lower than the U.S. median. Renters pay a median of $1,042 per month, which is 31.1% of household income. Homeowners with a mortgage pay $1,833 a month in housing costs.
Simla median household income
The median household income in Simla is $44,688 and the income per person is $42,866. 31% of residents live below the poverty line (Colorado: 9.4%).
Housing in Simla: homes for sale and rent
- Housing units
- 208
- Owner-occupied
- 45.5%
- Renter-occupied
- 54.5%
- Vacant
- 10.1%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.16
Simla demographics
- Population
- 423
- Median age
- 38.8
- Under 18
- 23.2%
- 65 and older
- 16.1%
- Households
- 187
- Foreign-born
- 0%
- Veterans
- 11.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Simla ›
Education in Simla
20.6% of adults 25 and older in Simla have a bachelor's degree or higher (Colorado: 45.7%), and 1% have a graduate or professional degree.
Jobs and commute in Simla
- Unemployment rate
- 0%State: 4.6%
- Average commute
- 19 minState: 25 min
- Work from home
- 19.3%
- Drive alone
- 71.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 88.2%
Simla vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Simla | 423 | $44,688 | $251,400 | $1,042 |
| Calhan | 620 | $62,321 | $296,600 | $943 |
| Limon | 1,678 | $65,776 | $219,300 | $872 |
| Kiowa | 673 | $92,625 | $367,000 | $1,183 |
| Elbert | 164 | $69,167 | $327,100 | $1,234 |
| Elizabeth | 2,244 | $112,986 | $475,900 | $1,808 |
| Black Forest | 15,738 | $145,460 | $856,200 | — |
| Deer Trail | 1,275 | $73,906 | $373,000 | $1,021 |
| Ponderosa Park | 3,453 | $132,154 | $704,000 | — |
More for people moving to Simla
Simla ZIP code ›Weather and climate ›Living in Simla: FAQ
What is the median household income in Simla, CO?
The median household income in Simla is $44,688, 53% 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 Simla?
The median home value in Simla is $251,400, compared with $539,400 in Colorado.
How much is rent in Simla?
The median gross rent in Simla is $1,042 per month, about 31.1% of household income.
Is Simla, CO a good place to live?
Pluses: home values 53% lower than the state median; an average commute of 19 minutes. Minuses: median household income 53% lower than the Colorado median; a poverty rate of 31%.
What is the median age in Simla?
The median age in Simla is 38.8 years (Colorado: 37.7).
How long is the commute in Simla?
The average commute to work in Simla is 19 minutes; 19.3% of workers work from home.
What is the unemployment rate in Simla?
The unemployment rate in Simla is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Simla?
20.6% of adults in Simla 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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