Living in Welby, Colorado
Cost of living, income, home prices, rent and demographics of Welby · Census data 2020–2024
Welby has 16,197 residents with a median age of 35. The median household income is $80,026 (16% lower than the Colorado median), the median home value is $385,000, the median rent is $1,656/month.
Welby at a glance
- Population
- 16,197
- Median age
- 35State: 37.7
- Median household income
- $80,026State: $95,470
- Median home value
- $385,000State: $539,400
- Median rent
- $1,656/moState: $1,761
- Homeowners
- 72.5%
- Bachelor's degree or higher
- 14.8%
- Average commute
- 28 min
Is Welby a good place to live?
Pros: Home values 29% lower than the state median.
Cons: Median household income 16% lower than the Colorado median; an average commute of 28 minutes; unemployment of 5.8%; a poverty rate of 12.6%.
The weather is best in June to September.
Cost of living in Welby
Housing is the biggest part of the cost of living. In Welby the median home value is $385,000, 16% higher than the U.S. median. Renters pay a median of $1,656 per month, which is 42.3% of household income. Homeowners with a mortgage pay $1,768 a month in housing costs.
Welby median household income
The median household income in Welby is $80,026 and the income per person is $32,519. 12.6% of residents live below the poverty line (Colorado: 9.4%).
Housing in Welby: homes for sale and rent
- Housing units
- 5,985
- Owner-occupied
- 72.5%
- Renter-occupied
- 27.5%
- Vacant
- 1.5%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.75
Welby demographics
- Population
- 16,197
- Median age
- 35
- Under 18
- 21.7%
- 65 and older
- 9.3%
- Households
- 5,894
- Foreign-born
- 20.5%
- Veterans
- 2.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Welby ›
Education in Welby
14.8% of adults 25 and older in Welby have a bachelor's degree or higher (Colorado: 45.7%), and 3.4% have a graduate or professional degree.
Jobs and commute in Welby
- Unemployment rate
- 5.8%State: 4.6%
- Average commute
- 28 minState: 25 min
- Work from home
- 10.2%
- Drive alone
- 70.1%
- Public transit
- 1.2%
- Walk to work
- 1.1%
- Homes with broadband
- 90.6%
Welby vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Welby | 16,197 | $80,026 | $385,000 | $1,656 |
| Sherrelwood | 18,692 | $75,327 | $432,200 | $1,702 |
| Twin Lakes | 8,030 | $95,583 | $587,500 | $1,596 |
| Derby | 8,453 | $82,138 | $353,000 | $1,689 |
| Federal Heights | 14,125 | $56,597 | $95,300 | $1,687 |
| Berkley | 10,789 | $84,637 | $468,100 | $1,777 |
| Shaw Heights | 5,565 | $86,250 | $482,800 | $2,125 |
| Northglenn | 38,014 | $84,030 | $462,100 | $1,775 |
| Thornton | 144,187 | $103,088 | $517,500 | $1,895 |
More for people moving to Welby
Welby ZIP code ›Weather and climate ›Living in Welby: FAQ
What is the median household income in Welby, CO?
The median household income in Welby is $80,026, 16% 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 Welby?
The median home value in Welby is $385,000, compared with $539,400 in Colorado.
How much is rent in Welby?
The median gross rent in Welby is $1,656 per month, about 42.3% of household income.
Is Welby, CO a good place to live?
Pluses: home values 29% lower than the state median. Minuses: median household income 16% lower than the Colorado median; an average commute of 28 minutes; unemployment of 5.8%; a poverty rate of 12.6%.
What is the median age in Welby?
The median age in Welby is 35 years (Colorado: 37.7).
How long is the commute in Welby?
The average commute to work in Welby is 28 minutes; 10.2% of workers work from home.
What is the unemployment rate in Welby?
The unemployment rate in Welby is 5.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Welby?
14.8% of adults in Welby 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: