Derby, CO
Population 8,692 · Colorado
About Derby, CO
Derby is a small town located in Colorado with a population of 8,692 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,696 per year, which is 5% above the national median of $75,149. The median age of 33.2 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 Derby features a median home value of $317,400, which is 30% above the national median of $244,900. This positions Derby in a moderately priced market relative to the rest of the country. Median monthly rent is $1,721, 48% above the national average of $1,163/month. Of the 2,611 total housing units, 67% are owner-occupied (1,685 units) and 33% are renter-occupied (838 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Derby shows an unemployment rate of 4.7%, which is near the national rate of 3.7%. The poverty rate stands at 7.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Derby have an average one-way commute time of 26.9 minutes.
Education & Demographics
10.3% of Derby 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 60.2% White, 3.8% Hispanic or Latino, 0.0% Black or African American, and 15.1% Asian residents, with 20.6% of the population being foreign-born.
Cost of Living in Derby, CO
Compared to national averages, Derby has a median household income of $78,696 (5% above the national median of $75,149). Home values average $317,400, which is 30% above the national median. Monthly rent at $1,721 is 48% above the US average of $1,163. Within Colorado, Derby's income is 11% below the state average of $88,514, and home values are 31% below the state median of $457,127.
Why Live in Derby, CO?
Derby offers a strong local economy with a median household income of $78,696, well above the national average, and a low poverty rate of 7.9%, better than the national average.
Derby has a population of 8,692 with a median age of 33.2 years. Compare Derby with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Derby
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Milliken | 8,695 | $100,567 | $398,200 | Compare |
| Evergreen | 8,643 | $148,665 | $745,500 | Compare |
| Redlands | 8,771 | $97,500 | $466,400 | Compare |
| Woodmoor | 8,819 | $174,138 | $702,900 | Compare |
| Fort Lupton | 8,494 | $64,850 | $372,400 | Compare |
| Cortez | 8,898 | $51,377 | $226,700 | Compare |
| Gypsum | 8,481 | $124,534 | $553,600 | Compare |
| Craig | 9,022 | $69,256 | $252,900 | 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 Derby With Other Cities
Frequently Asked Questions about Derby
What is the population of Derby, CO?
The population of Derby, CO is 8,692 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 Derby?
The median household income in Derby, CO is $78,696 per year, which is 5% above the national median of $75,149.
What is the median home value in Derby?
The median home value in Derby, CO is $317,400, which is 30% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Derby?
The median monthly rent in Derby, CO is $1,721, which is 48% above the national average of $1,163/month.
What is the unemployment rate in Derby?
The unemployment rate in Derby, CO is 4.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Derby, CO a good place to live?
Derby offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 8,692 and a median age of 33.2, the city appeals to young professionals and families.
How educated is Derby, CO?
10.3% of residents in Derby 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 Derby?
Key cost-of-living indicators for Derby, CO: median home value is $317,400 (30% above national), median rent is $1,721/month, and median household income is $78,696. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in Derby?
The poverty rate in Derby, CO is 7.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Derby, CO?
Derby's population is 60.2% White, 3.8% Hispanic or Latino, 0.0% Black or African American, 15.1% Asian, and 0.5% two or more races. 20.6% of residents are foreign-born.