Elizabeth, CO
Population 1,694 · Colorado
About Elizabeth, CO
Elizabeth is a small town located in Colorado with a population of 1,694 residents according to the latest US Census Bureau American Community Survey data. The median household income is $110,227 per year, which is 47% above the national median of $75,149. The median age of 32.5 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 Elizabeth features a median home value of $444,000, which is 81% above the national median of $244,900. This places Elizabeth in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,526, 31% above the national average of $1,163/month. Of the 610 total housing units, 88% are owner-occupied (516 units) and 12% are renter-occupied (68 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elizabeth shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elizabeth have an average one-way commute time of 40.7 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
39.6% of Elizabeth 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 4.2% White, 2.1% Hispanic or Latino, 0.2% Black or African American, and 0.9% Asian residents, with 2.7% of the population being foreign-born.
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.
Compare Elizabeth With Other Cities
Frequently Asked Questions about Elizabeth
What is the population of Elizabeth, CO?
The population of Elizabeth, CO is 1,694 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 Elizabeth?
The median household income in Elizabeth, CO is $110,227 per year, which is 47% above the national median of $75,149.
What is the median home value in Elizabeth?
The median home value in Elizabeth, CO is $444,000, which is 81% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elizabeth?
The median monthly rent in Elizabeth, CO is $1,526, which is 31% above the national average of $1,163/month.
What is the unemployment rate in Elizabeth?
The unemployment rate in Elizabeth, CO is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Elizabeth, CO a good place to live?
Elizabeth offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,694 and a median age of 32.5, the city appeals to young professionals and families.
How educated is Elizabeth, CO?
39.6% of residents in Elizabeth aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Elizabeth?
Key cost-of-living indicators for Elizabeth, CO: median home value is $444,000 (81% above national), median rent is $1,526/month, and median household income is $110,227. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in Elizabeth?
The poverty rate in Elizabeth, CO is 3.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elizabeth, CO?
Elizabeth's population is 4.2% White, 2.1% Hispanic or Latino, 0.2% Black or African American, 0.9% Asian, and 0.0% two or more races. 2.7% of residents are foreign-born.