Alma, CO
Population 242 · Colorado
About Alma, CO
Alma is a small community located in Colorado with a population of 242 residents according to the latest US Census Bureau American Community Survey data. The median household income is $52,727 per year, which is 30% below the national median of $75,149. The median age of 35 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Alma features a median home value of $370,000, which is 51% above the national median of $244,900. This places Alma in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,083, 79% above the national average of $1,163/month. Of the 205 total housing units, 39% are owner-occupied (49 units) and 61% are renter-occupied (77 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Alma shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Alma have an average one-way commute time of 42.5 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
37.9% of Alma residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 8.3% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 2.1% Asian residents, with 6.2% of the population being foreign-born.
Cost of Living in Alma, CO
Compared to national averages, Alma has a median household income of $52,727 (30% below the national median of $75,149). Home values average $370,000, which is 51% above the national median. Monthly rent at $2,083 is 79% above the US average of $1,163. Within Colorado, Alma's income is 40% below the state average of $88,514, and home values are 19% below the state median of $457,127.
Why Live in Alma, CO?
Alma offers a strong job market with an unemployment rate of just 3.1%, and a well-educated community where 37.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 9.1%, better than the national average.
Potential considerations include median household income ($52,727) that falls below the national average, and a competitive housing market where the typical home costs $370,000. However, Alma’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Alma has a population of 242 with a median age of 35 years. Compare Alma with other cities to see how it stacks up, or explore all cities in Colorado.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Alma
What is the population of Alma, CO?
The population of Alma, CO is 242 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Colorado.
What is the median household income in Alma?
The median household income in Alma, CO is $52,727 per year, which is 30% below the national median of $75,149.
What is the median home value in Alma?
The median home value in Alma, CO is $370,000, which is 51% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Alma?
The median monthly rent in Alma, CO is $2,083, which is 79% above the national average of $1,163/month.
What is the unemployment rate in Alma?
The unemployment rate in Alma, CO is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Alma, CO a good place to live?
Alma offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 242 and a median age of 35, the city appeals to a broad range of residents.
How educated is Alma, CO?
37.9% of residents in Alma aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Alma?
Key cost-of-living indicators for Alma, CO: median home value is $370,000 (51% above national), median rent is $2,083/month, and median household income is $52,727. The home-value-to-income ratio is 7.0x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Alma?
The poverty rate in Alma, CO is 9.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Alma, CO?
Alma's population is 8.3% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 2.1% Asian, and 9.1% two or more races. 6.2% of residents are foreign-born.