Elbert, CO
Population 150 · Colorado
About Elbert, CO
Elbert is a small community located in Colorado with a population of 150 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,500 per year, which is 25% below the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Elbert features a median home value of $263,200, which is 7% above the national median of $244,900. This positions Elbert in a moderately priced market relative to the rest of the country. Median monthly rent is $1,188, 2% above the national average of $1,163/month. Of the 86 total housing units, 84% are owner-occupied (64 units) and 16% are renter-occupied (12 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elbert shows an unemployment rate of 5.2%, which is near the national rate of 3.7%. The poverty rate stands at 5.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elbert have an average one-way commute time of 40.3 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
23.6% of Elbert 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 2.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Elbert, CO
Compared to national averages, Elbert has a median household income of $56,500 (25% below the national median of $75,149). Home values average $263,200, which is 7% above the national median. Monthly rent at $1,188 is 2% above the US average of $1,163. Within Colorado, Elbert's income is 36% below the state average of $88,514, and home values are 42% below the state median of $457,127.
Why Live in Elbert, CO?
Elbert offers a low poverty rate of 5.3%, better than the national average.
Potential considerations include median household income ($56,500) that falls below the national average. However, Elbert’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elbert has a population of 150 with a median age of 37.4 years. Compare Elbert with other cities to see how it stacks up, or explore all cities in Colorado.
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Cities in Colorado with a similar population size.
Demographics
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Economy & Education
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Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Elbert
What is the population of Elbert, CO?
The population of Elbert, CO is 150 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 Elbert?
The median household income in Elbert, CO is $56,500 per year, which is 25% below the national median of $75,149.
What is the median home value in Elbert?
The median home value in Elbert, CO is $263,200, which is 7% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elbert?
The median monthly rent in Elbert, CO is $1,188, which is 2% above the national average of $1,163/month.
What is the unemployment rate in Elbert?
The unemployment rate in Elbert, CO is 5.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Elbert, CO a good place to live?
Elbert offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 150 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Elbert, CO?
23.6% of residents in Elbert 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 Elbert?
Key cost-of-living indicators for Elbert, CO: median home value is $263,200 (7% above national), median rent is $1,188/month, and median household income is $56,500. The home-value-to-income ratio is 4.7x, a moderate figure by national standards.
What is the poverty rate in Elbert?
The poverty rate in Elbert, CO is 5.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elbert, CO?
Elbert's population is 2.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.