Aspen, CO
Population 6,862 · Colorado
About Aspen, CO
Aspen is a small town located in Colorado with a population of 6,862 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,636 per year, which is 5% above the national median of $75,149. The median age of 41.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Aspen features a median home value of $1,375,000, which is 461% above the national median of $244,900. This places Aspen in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,897, 63% above the national average of $1,163/month. Of the 6,107 total housing units, 59% are owner-occupied (2,425 units) and 41% are renter-occupied (1,657 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Aspen shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Aspen have an average one-way commute time of 14.2 minutes, one of the shorter commutes in the region.
Education & Demographics
68.3% of Aspen residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 3.0% White, 0.6% Hispanic or Latino, 0.4% Black or African American, and 7.1% Asian residents, with 14.9% of the population being foreign-born.
Cost of Living in Aspen, CO
Compared to national averages, Aspen has a median household income of $78,636 (5% above the national median of $75,149). Home values average $1,375,000, which is 461% above the national median. Monthly rent at $1,897 is 63% above the US average of $1,163. Within Colorado, Aspen's income is 11% below the state average of $88,514, and home values are 201% above the state median of $457,127.
Why Live in Aspen, CO?
Aspen offers a strong local economy with a median household income of $78,636, well above the national average, and a strong job market with an unemployment rate of just 2.5%, and a well-educated community where 68.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 11.8%, better than the national average, and short commute times averaging just 14.2 minutes.
Potential considerations include a competitive housing market where the typical home costs $1,375,000. However, Aspen’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Aspen has a population of 6,862 with a median age of 41.7 years. Compare Aspen with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Aspen
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Gunnison | 6,712 | $55,313 | $432,200 | Compare |
| Air Force Academy | 6,701 | $93,889 | $0 | Compare |
| Orchard Mesa | 6,597 | $76,173 | $304,200 | Compare |
| Carbondale | 6,553 | $94,300 | $796,100 | Compare |
| La Junta | 7,211 | $54,253 | $180,700 | Compare |
| Dacono | 6,419 | $99,389 | $448,200 | Compare |
| Stratmoor | 6,396 | $62,759 | $276,000 | Compare |
| Cherry Hills Village | 6,366 | $250,001 | $2,000,001 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Aspen With Other Cities
Frequently Asked Questions about Aspen
What is the population of Aspen, CO?
The population of Aspen, CO is 6,862 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Colorado.
What is the median household income in Aspen?
The median household income in Aspen, CO is $78,636 per year, which is 5% above the national median of $75,149.
What is the median home value in Aspen?
The median home value in Aspen, CO is $1,375,000, which is 461% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Aspen?
The median monthly rent in Aspen, CO is $1,897, which is 63% above the national average of $1,163/month.
What is the unemployment rate in Aspen?
The unemployment rate in Aspen, CO is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Aspen, CO a good place to live?
Aspen offers above-average incomes, a competitive housing market, and a strong job market. With a population of 6,862 and a median age of 41.7, the city appeals to a broad range of residents.
How educated is Aspen, CO?
68.3% of residents in Aspen 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 Aspen?
Key cost-of-living indicators for Aspen, CO: median home value is $1,375,000 (461% above national), median rent is $1,897/month, and median household income is $78,636. The home-value-to-income ratio is 17.5x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Aspen?
The poverty rate in Aspen, CO is 11.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Aspen, CO?
Aspen's population is 3.0% White, 0.6% Hispanic or Latino, 0.4% Black or African American, 7.1% Asian, and 0.9% two or more races. 14.9% of residents are foreign-born.