Cedaredge, CO
Population 2,394 · Colorado
About Cedaredge, CO
Cedaredge is a small town located in Colorado with a population of 2,394 residents according to the latest US Census Bureau American Community Survey data. The median household income is $41,944 per year, which is 44% below the national median of $75,149. The median age of 53.1 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 Cedaredge features a median home value of $240,300, which is 2% below the national median of $244,900. This positions Cedaredge in a moderately priced market relative to the rest of the country. Median monthly rent is $1,106, 5% below the national average of $1,163/month. Of the 1,273 total housing units, 72% are owner-occupied (824 units) and 28% are renter-occupied (326 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cedaredge shows an unemployment rate of 7.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 24.7%, above the national average of 12.4%. Workers in Cedaredge have an average one-way commute time of 37.1 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
24.3% of Cedaredge 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 3.3% White, 2.4% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 2.5% of the population being foreign-born.
Cost of Living in Cedaredge, CO
Compared to national averages, Cedaredge has a median household income of $41,944 (44% below the national median of $75,149). Home values average $240,300, which is 2% below the national median. Monthly rent at $1,106 is 5% below the US average of $1,163. Within Colorado, Cedaredge's income is 53% below the state average of $88,514, and home values are 47% below the state median of $457,127.
Why Live in Cedaredge, CO?
Cedaredge offers affordable housing with a median home value of $240,300, below the US average of $244,900, and rent that’s lower than the national average at $1,106/month.
Potential considerations include median household income ($41,944) that falls below the national average. However, Cedaredge’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cedaredge has a population of 2,394 with a median age of 53.1 years. Compare Cedaredge with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Cedaredge
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Holyoke | 2,378 | $54,154 | $260,000 | Compare |
| Aristocrat Ranchettes | 2,335 | $87,604 | $398,300 | Compare |
| Center | 2,312 | $50,057 | $115,600 | Compare |
| Las Animas | 2,480 | $48,917 | $111,500 | Compare |
| Wray | 2,305 | $57,318 | $205,900 | Compare |
| Ault | 2,270 | $79,654 | $330,200 | Compare |
| Meeker | 2,528 | $71,301 | $231,900 | Compare |
| Sterling Ranch | 2,530 | $198,750 | $794,800 | 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 Cedaredge With Other Cities
Frequently Asked Questions about Cedaredge
What is the population of Cedaredge, CO?
The population of Cedaredge, CO is 2,394 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 Cedaredge?
The median household income in Cedaredge, CO is $41,944 per year, which is 44% below the national median of $75,149.
What is the median home value in Cedaredge?
The median home value in Cedaredge, CO is $240,300, which is 2% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cedaredge?
The median monthly rent in Cedaredge, CO is $1,106, which is 5% below the national average of $1,163/month.
What is the unemployment rate in Cedaredge?
The unemployment rate in Cedaredge, CO is 7.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cedaredge, CO a good place to live?
Cedaredge offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,394 and a median age of 53.1, the city appeals to established professionals and retirees.
How educated is Cedaredge, CO?
24.3% of residents in Cedaredge 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 Cedaredge?
Key cost-of-living indicators for Cedaredge, CO: median home value is $240,300 (2% below national), median rent is $1,106/month, and median household income is $41,944. The home-value-to-income ratio is 5.7x, a moderate figure by national standards.
What is the poverty rate in Cedaredge?
The poverty rate in Cedaredge, CO is 24.7%, 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 Cedaredge, CO?
Cedaredge's population is 3.3% White, 2.4% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 0.0% two or more races. 2.5% of residents are foreign-born.