Is Welby, Colorado a Good Place To Live? - Living In Welby, CO

Is Welby, Colorado a good place to live?
Welby is a city in Colorado state in USA with a population of 15372 residents.. The poverty rate of Welby is 11.8%, which is 16% lower than national average. The typical household in Welby earns $67594 a year, compared to the national median of $67,500. Nearly 35.4% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Welby, only 78% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Welby remained 5.3%, which is 13% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Welby, only 14% of adults have a bachelor's degree and 33% have some college but no degree.

Cost of living in Welby is 97, which is 3% lower than national average. Median home value in Welby is $241900 , which is 5% higher than national average. While median income in Welby remained $67594, which is 0% lower than national average.
Population
15372
Unemployment
5.3%
13% NAT AVG.
Poverty
11.8%
16% NAT AVG.
Overall Score
6
Median Home Cost
$241900
5% NAT AVG.
Median Income
$67594
0% NAT AVG.
Median Rent
$1391
20% NAT AVG.
Cost Of Living
97
3% NAT AVG.
People Living BPL
1 in 8
Unemployed People
1 in 19
People Earning < $10,000
1 in 21
People Earning < $50,000
35.4%
People with <= High School
1 in 1.9
People With Any Degree
1 in 4
Pros & Cons Overview

Jobs80%

Housing85%

Affordability50%

Safety90%

Amenities90%

Diversity90%

Education40%

Commute60%