Boone, CO
Population 247 · Colorado
About Boone, CO
Boone is a small community located in Colorado with a population of 247 residents according to the latest US Census Bureau American Community Survey data. The median household income is $75,190 per year, which is 0% above the national median of $75,149. The median age of 57.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Boone features a median home value of $45,200, which is 82% below the national median of $244,900. This makes Boone one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $988, 15% below the national average of $1,163/month. Of the 222 total housing units, 87% are owner-occupied (129 units) and 13% are renter-occupied (20 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Boone shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 18.6%, above the national average of 12.4%. Workers in Boone have an average one-way commute time of 31.3 minutes.
Education & Demographics
12.1% of Boone residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 13.0% White, 1.2% Hispanic or Latino, 0.8% Black or African American, and 27.9% Asian residents, with 0.0% of the population being foreign-born.
How Boone Ranks in Colorado
Cost of Living in Boone, CO
Compared to national averages, Boone has a median household income of $75,190 (0% above the national median of $75,149). Home values average $45,200, which is 82% below the national median. Monthly rent at $988 is 15% below the US average of $1,163. Within Colorado, Boone's income is 15% below the state average of $88,514, and home values are 90% below the state median of $457,127.
Why Live in Boone, CO?
Boone offers a strong local economy with a median household income of $75,190, well above the national average, and affordable housing with a median home value of $45,200, below the US average of $244,900, and rent that’s lower than the national average at $988/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%.
Boone has a population of 247 with a median age of 57.7 years. Compare Boone with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Boone
Cities in Colorado with a similar population size.
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 Boone With Other Cities
Frequently Asked Questions about Boone
What is the population of Boone, CO?
The population of Boone, CO is 247 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 Boone?
The median household income in Boone, CO is $75,190 per year, which is 0% above the national median of $75,149.
What is the median home value in Boone?
The median home value in Boone, CO is $45,200, which is 82% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Boone?
The median monthly rent in Boone, CO is $988, which is 15% below the national average of $1,163/month.
What is the unemployment rate in Boone?
The unemployment rate in Boone, CO is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Boone, CO a good place to live?
Boone offers above-average incomes, affordable housing, and a strong job market. With a population of 247 and a median age of 57.7, the city appeals to established professionals and retirees.
How educated is Boone, CO?
12.1% of residents in Boone aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Boone?
Key cost-of-living indicators for Boone, CO: median home value is $45,200 (82% below national), median rent is $988/month, and median household income is $75,190. The home-value-to-income ratio is 0.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Boone?
The poverty rate in Boone, CO is 18.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Boone, CO?
Boone's population is 13.0% White, 1.2% Hispanic or Latino, 0.8% Black or African American, 27.9% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.