Granada, CO
Population 492 · Colorado
About Granada, CO
Granada is a small community located in Colorado with a population of 492 residents according to the latest US Census Bureau American Community Survey data. The median household income is $46,685 per year, which is 38% below the national median of $75,149. The median age of 42.2 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 Granada features a median home value of $100,000, which is 59% below the national median of $244,900. This makes Granada one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $713, 39% below the national average of $1,163/month. Of the 260 total housing units, 68% are owner-occupied (154 units) and 32% are renter-occupied (73 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Granada shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 18.9%, above the national average of 12.4%. Workers in Granada have an average one-way commute time of 13.6 minutes, one of the shorter commutes in the region.
Education & Demographics
18.1% of Granada 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 64.0% White, 8.9% Hispanic or Latino, 0.0% Black or African American, and 1.4% Asian residents, with 18.1% of the population being foreign-born.
How Granada Ranks in Colorado
Cost of Living in Granada, CO
Compared to national averages, Granada has a median household income of $46,685 (38% below the national median of $75,149). Home values average $100,000, which is 59% below the national median. Monthly rent at $713 is 39% below the US average of $1,163. Within Colorado, Granada's income is 47% below the state average of $88,514, and home values are 78% below the state median of $457,127.
Why Live in Granada, CO?
Granada offers affordable housing with a median home value of $100,000, below the US average of $244,900, and rent that’s lower than the national average at $713/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 13.6 minutes.
Potential considerations include median household income ($46,685) that falls below the national average. However, Granada’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Granada has a population of 492 with a median age of 42.2 years. Compare Granada with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Granada
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pine Brook Hill | 497 | $0 | $1,294,300 | Compare |
| Mountain View | 500 | $108,269 | $554,200 | Compare |
| St. Ann Highlands | 483 | $182,568 | $880,700 | Compare |
| Swink | 502 | $52,604 | $140,600 | Compare |
| Twin Lakes CDP (Lake County), Colorado | 504 | $138,025 | $618,400 | Compare |
| Downieville-Lawson-Dumont | 478 | $68,214 | $366,000 | Compare |
| Calhan | 510 | $50,000 | $265,000 | Compare |
| Lake City | 474 | $62,422 | $409,300 | 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 Granada With Other Cities
Frequently Asked Questions about Granada
What is the population of Granada, CO?
The population of Granada, CO is 492 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 Granada?
The median household income in Granada, CO is $46,685 per year, which is 38% below the national median of $75,149.
What is the median home value in Granada?
The median home value in Granada, CO is $100,000, which is 59% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Granada?
The median monthly rent in Granada, CO is $713, which is 39% below the national average of $1,163/month.
What is the unemployment rate in Granada?
The unemployment rate in Granada, CO is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Granada, CO a good place to live?
Granada offers a moderate cost of living, affordable housing, and a strong job market. With a population of 492 and a median age of 42.2, the city appeals to a broad range of residents.
How educated is Granada, CO?
18.1% of residents in Granada 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 Granada?
Key cost-of-living indicators for Granada, CO: median home value is $100,000 (59% below national), median rent is $713/month, and median household income is $46,685. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Granada?
The poverty rate in Granada, CO is 18.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Granada, CO?
Granada's population is 64.0% White, 8.9% Hispanic or Latino, 0.0% Black or African American, 1.4% Asian, and 0.0% two or more races. 18.1% of residents are foreign-born.