Pros and Cons of Living In Aspen, Colorado. Is Aspen, CO a Nice Place To Live or Retire?

Aspen, Colorado

Moving to Aspen In Colorado ? Is Aspen, CO a Nice Place To Live? Pros and Cons of Living in Aspen, Colorado. Find out the best and worst about to live, raise a family or retire in Aspen.

Aspen is a home rule municipality that is the county seat and the most populous municipality of Pitkin County, Colorado, United States. The city population was 7,004 at the 2020 United States Census. Aspen is in a remote area of the Rocky Mountains' Sawatch Range and Elk Mountains, along the Roaring Fork River at an elevation just below 8,000 feet (2,400 m) above sea level on the Western Slope, 11 miles (18 km) west of the Continental Divide. Aspen is now a part of the Glenwood Springs, CO Micropolitan Statistical Area.

Founded as a mining camp during the Colorado Silver Boom and later named Aspen for the abundance of aspen trees in the area, the city boomed during the 1880s, its first decade. The boom ended when the Panic of 1893 led to a...

DEMOGRAPHICS

Population
7721
Unemployment
1.3%
72% NAT AVG.
Poverty
4.4%
69% NAT AVG.
Cost Of Living
141
41% NAT AVG.

ECONOMICS

Median Home Cost
$558000
143% NAT AVG.
Median Income
$77669
15% NAT AVG.
Median Rent
$1671
44% NAT AVG.
Overall Score
9

CRIME REPORT

Total Crime
137
22% NAT. AVG.
44% STATE AVG.
Violent Crime
4
86% NAT. AVG.
87% STATE AVG.
Property Crime
133
9% NAT. AVG.
37% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 23
Unemployed People
1 in 77
People Earning < $10,000
1 in 38
People Earning < $50,000
31.3%
People With Any Degree
1 in 1.4

ETHNICITY

Ethnicity Aspen USA
White 85.5% 60.1%
African American 0.9% 12.2%
American Indian 0% 0.6%
Asian 4.9% 5.6%
Hawaiian 0% 0.2%
Multiracial 1% 2.8%
Hispanic 7.7% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Aspen USA
Less than $10,000 2.6% 5.8%
$10,000 to $14,999 0.4% 4.1%
$15,000 to $24,999 4.3% 8.5%
$25,000 to $34,999 8.4% 8.6%
$35,000 to $49,999 15.6% 12.0%
$50,000 to $74,999 17.4% 17.2%
$75,000 to $99,999 12% 12.8%
$100,000 to $149,999 18% 15.6%
$150,000 to $199,999 6.5% 7.1%

EDUCATION

Education Aspen USA
< 9th Grade 3% 5.0%
9-12th Grade 1% 7.0%
High School or GED 11% 27.0%
Other College 16% 20.0%
Associate's Degree 4% 9%
Bachelor's Degree 44% 20.0%
Master's Degree 12% 9.0%
Professional Degree 6% 2.0%
Doctorate Degree 3% 1.0%
Aspen is a city in Colorado state in USA with a population of 7721 residents.. The poverty rate of Aspen is 4.4%, which is 69% lower than national average. The typical household in Aspen earns $77669 a year, compared to the national median of $67,500. Nearly 31.3% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Aspen remained 1.3%, which is 72% lower than national rate.

Cost of living in Aspen is 141, which is 41% higher than national average. In Aspen, only 65% of adults have a bachelor's degree and 20% have some college but no degree. Median home value in Aspen is $558000 , which is 143% higher than national average. While median income in Aspen remained $77669, which is 15% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Aspen Scorecard

Jobs90%

Housing95%

Affordability30%

Safety80%

Amenities80%

Diversity60%

Education90%

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