Elizabeth, CO
Population 1,694 · Colorado
About Elizabeth, CO
Elizabeth is a small community in Colorado with a population of 1,694 residents. The median household income is $110,227 per year, which is above the national average. The median age in Elizabeth is 32.5 years.
Housing in Elizabeth has a median home value of $444,000 and median monthly rent of $1,526. Of the 610 total housing units, the majority are owner-occupied, with 516 owner-occupied and 68 renter-occupied units.
The unemployment rate in Elizabeth is 3.3% and the poverty rate is 3.2%. 39.6% of residents hold a bachelor's degree or higher. The average commute time is 40.7 minutes.
Cost of Living in Elizabeth, CO
Compared to national averages, Elizabeth has a median household income of $110,227 (47% above the national median of $75,149). Home values average $444,000, which is 81% above the national median. Monthly rent at $1,526 is 31% above the US average of $1,163. Within Colorado, Elizabeth's income is 25% above the state average of $88,514, and home values are 3% below the state median of $457,127.
Why Live in Elizabeth, CO?
Elizabeth offers a strong local economy with a median household income of $110,227, well above the national average, and a strong job market with an unemployment rate of just 3.3%, and a well-educated community where 39.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $444,000. However, Elizabeth’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elizabeth has a population of 1,694 with a median age of 32.5 years. Compare Elizabeth with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Elizabeth
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Akron | 1,681 | $59,470 | $186,500 | Compare |
| Mountain Village | 1,713 | $59,881 | $2,000,001 | Compare |
| Ordway | 1,718 | $55,313 | $99,200 | Compare |
| Pagosa Springs | 1,718 | $36,712 | $353,800 | Compare |
| Olathe | 1,788 | $65,170 | $226,900 | Compare |
| Colorado City | 1,791 | $48,692 | $237,700 | Compare |
| Perry Park | 1,801 | $162,971 | $791,100 | Compare |
| Byers | 1,804 | $88,607 | $400,000 | 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.
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Frequently Asked Questions about Elizabeth
What is the population of Elizabeth, CO?
The population of Elizabeth, CO is 1,694 according to the latest Census data.
What is the median household income in Elizabeth?
The median household income in Elizabeth, CO is $110,227 per year.
What is the median home value in Elizabeth?
The median home value in Elizabeth, CO is $444,000.
What is the average rent in Elizabeth?
The median monthly rent in Elizabeth, CO is $1,526.
What is the unemployment rate in Elizabeth?
The unemployment rate in Elizabeth, CO is 3.3%.