Grand Lake, CO
Population 316 · Colorado
About Grand Lake, CO
Grand Lake is a small community located in Colorado with a population of 316 residents according to the latest US Census Bureau American Community Survey data. The median household income is $100,625 per year, which is 34% above the national median of $75,149. The median age of 60.2 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 Grand Lake features a median home value of $358,300, which is 46% above the national median of $244,900. This positions Grand Lake in a moderately priced market relative to the rest of the country. Median monthly rent is $810, 30% below the national average of $1,163/month. Of the 869 total housing units, 76% are owner-occupied (150 units) and 24% are renter-occupied (48 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Grand Lake shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.0%, above the national average of 12.4%. Workers in Grand Lake have an average one-way commute time of 17.3 minutes, one of the shorter commutes in the region.
Education & Demographics
34.0% of Grand Lake 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 0.0% White, 11.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.2% of the population being foreign-born.
How Grand Lake Ranks in Colorado
Cost of Living in Grand Lake, CO
Compared to national averages, Grand Lake has a median household income of $100,625 (34% above the national median of $75,149). Home values average $358,300, which is 46% above the national median. Monthly rent at $810 is 30% below the US average of $1,163. Within Colorado, Grand Lake's income is 14% above the state average of $88,514, and home values are 22% below the state median of $457,127.
Why Live in Grand Lake, CO?
Grand Lake offers a strong local economy with a median household income of $100,625, well above the national average, and rent that’s lower than the national average at $810/month, and a strong job market with an unemployment rate of just 2.0%. Additionally, the city features a well-educated community where 34.0% of residents hold a bachelor’s degree or higher, and short commute times averaging just 17.3 minutes.
Grand Lake has a population of 316 with a median age of 60.2 years. Compare Grand Lake with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Grand Lake
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Copper Mountain | 321 | $123,940 | $0 | Compare |
| North Washington | 311 | $0 | $353,100 | Compare |
| City of Creede | 307 | $49,375 | $315,400 | Compare |
| Blanca | 326 | $48,750 | $117,200 | Compare |
| Idledale | 306 | $0 | $450,000 | Compare |
| Vineland | 332 | $0 | $340,900 | Compare |
| Avondale | 298 | $94,302 | $162,200 | Compare |
| Placerville | 336 | $128,250 | $969,400 | 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 Grand Lake
What is the population of Grand Lake, CO?
The population of Grand Lake, CO is 316 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 Grand Lake?
The median household income in Grand Lake, CO is $100,625 per year, which is 34% above the national median of $75,149.
What is the median home value in Grand Lake?
The median home value in Grand Lake, CO is $358,300, which is 46% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Grand Lake?
The median monthly rent in Grand Lake, CO is $810, which is 30% below the national average of $1,163/month.
What is the unemployment rate in Grand Lake?
The unemployment rate in Grand Lake, CO is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Grand Lake, CO a good place to live?
Grand Lake offers above-average incomes, a competitive housing market, and a strong job market. With a population of 316 and a median age of 60.2, the city appeals to established professionals and retirees.
How educated is Grand Lake, CO?
34.0% of residents in Grand Lake 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 Grand Lake?
Key cost-of-living indicators for Grand Lake, CO: median home value is $358,300 (46% above national), median rent is $810/month, and median household income is $100,625. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Grand Lake?
The poverty rate in Grand Lake, CO is 13.0%, 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 Grand Lake, CO?
Grand Lake's population is 0.0% White, 11.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.2% of residents are foreign-born.