Cheyenne Wells, CO
Population 949 · Colorado
About Cheyenne Wells, CO
Cheyenne Wells is a small community located in Colorado with a population of 949 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,705 per year, which is 18% below the national median of $75,149. The median age of 46.5 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 Cheyenne Wells features a median home value of $159,800, which is 35% below the national median of $244,900. This positions Cheyenne Wells in a moderately priced market relative to the rest of the country. Median monthly rent is $867, 25% below the national average of $1,163/month. Of the 509 total housing units, 70% are owner-occupied (304 units) and 30% are renter-occupied (133 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cheyenne Wells shows an unemployment rate of 0.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cheyenne Wells have an average one-way commute time of 12.9 minutes, one of the shorter commutes in the region.
Education & Demographics
25.9% of Cheyenne Wells 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 10.2% White, 2.0% Hispanic or Latino, 0.5% Black or African American, and 2.0% Asian residents, with 6.2% of the population being foreign-born.
How Cheyenne Wells Ranks in Colorado
Cost of Living in Cheyenne Wells, CO
Compared to national averages, Cheyenne Wells has a median household income of $61,705 (18% below the national median of $75,149). Home values average $159,800, which is 35% below the national median. Monthly rent at $867 is 25% below the US average of $1,163. Within Colorado, Cheyenne Wells's income is 30% below the state average of $88,514, and home values are 65% below the state median of $457,127.
Why Live in Cheyenne Wells, CO?
Cheyenne Wells offers affordable housing with a median home value of $159,800, below the US average of $244,900, and rent that’s lower than the national average at $867/month, and a strong job market with an unemployment rate of just 0.6%. Additionally, the city features a low poverty rate of 11.6%, better than the national average, and short commute times averaging just 12.9 minutes.
Potential considerations include median household income ($61,705) that falls below the national average. However, Cheyenne Wells’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cheyenne Wells has a population of 949 with a median age of 46.5 years. Compare Cheyenne Wells with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Cheyenne Wells
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Log Lane Village | 948 | $64,688 | $140,400 | Compare |
| Dolores | 947 | $33,438 | $263,300 | Compare |
| Haxtun | 957 | $53,819 | $221,300 | Compare |
| Williamsburg | 963 | $54,886 | $218,300 | Compare |
| Dillon | 933 | $95,750 | $939,400 | Compare |
| Manassa | 926 | $56,484 | $144,100 | Compare |
| Hot Sulphur Springs | 977 | $90,221 | $376,600 | Compare |
| Upper Bear Creek | 980 | $185,574 | $1,026,900 | 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 Cheyenne Wells With Other Cities
Frequently Asked Questions about Cheyenne Wells
What is the population of Cheyenne Wells, CO?
The population of Cheyenne Wells, CO is 949 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 Cheyenne Wells?
The median household income in Cheyenne Wells, CO is $61,705 per year, which is 18% below the national median of $75,149.
What is the median home value in Cheyenne Wells?
The median home value in Cheyenne Wells, CO is $159,800, which is 35% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cheyenne Wells?
The median monthly rent in Cheyenne Wells, CO is $867, which is 25% below the national average of $1,163/month.
What is the unemployment rate in Cheyenne Wells?
The unemployment rate in Cheyenne Wells, CO is 0.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cheyenne Wells, CO a good place to live?
Cheyenne Wells offers a moderate cost of living, affordable housing, and a strong job market. With a population of 949 and a median age of 46.5, the city appeals to established professionals and retirees.
How educated is Cheyenne Wells, CO?
25.9% of residents in Cheyenne Wells 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 Cheyenne Wells?
Key cost-of-living indicators for Cheyenne Wells, CO: median home value is $159,800 (35% below national), median rent is $867/month, and median household income is $61,705. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cheyenne Wells?
The poverty rate in Cheyenne Wells, CO is 11.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cheyenne Wells, CO?
Cheyenne Wells's population is 10.2% White, 2.0% Hispanic or Latino, 0.5% Black or African American, 2.0% Asian, and 1.1% two or more races. 6.2% of residents are foreign-born.