Gunbarrel, CO
Population 10,424 · Colorado
About Gunbarrel, CO
Gunbarrel is a mid-sized city located in Colorado with a population of 10,424 residents according to the latest US Census Bureau American Community Survey data. The median household income is $111,506 per year, which is 48% above the national median of $75,149. The median age of 42.1 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 Gunbarrel features a median home value of $789,200, which is 222% above the national median of $244,900. This places Gunbarrel in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,924, 65% above the national average of $1,163/month. Of the 4,897 total housing units, 60% are owner-occupied (2,895 units) and 40% are renter-occupied (1,905 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Gunbarrel shows an unemployment rate of 5.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 9.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Gunbarrel have an average one-way commute time of 21.2 minutes.
Education & Demographics
69.9% of Gunbarrel residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.7% White, 0.7% Hispanic or Latino, 0.4% Black or African American, and 1.0% Asian residents, with 8.0% of the population being foreign-born.
How Gunbarrel Ranks in Colorado
Cost of Living in Gunbarrel, CO
Compared to national averages, Gunbarrel has a median household income of $111,506 (48% above the national median of $75,149). Home values average $789,200, which is 222% above the national median. Monthly rent at $1,924 is 65% above the US average of $1,163. Within Colorado, Gunbarrel's income is 26% above the state average of $88,514, and home values are 73% above the state median of $457,127.
Why Live in Gunbarrel, CO?
Gunbarrel offers a strong local economy with a median household income of $111,506, well above the national average, and a well-educated community where 69.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 9.4%, better than the national average. Additionally, the city features short commute times averaging just 21.2 minutes.
Potential considerations include a competitive housing market where the typical home costs $789,200. However, Gunbarrel’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Gunbarrel has a population of 10,424 with a median age of 42.1 years. Compare Gunbarrel with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Gunbarrel
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Edwards | 10,415 | $90,735 | $747,700 | Compare |
| Rifle | 10,466 | $80,629 | $377,900 | Compare |
| Fairmount | 10,521 | $163,785 | $772,600 | Compare |
| Glenwood Springs | 10,171 | $87,000 | $592,000 | Compare |
| Berkley | 10,838 | $76,232 | $453,600 | Compare |
| Alamosa | 9,847 | $46,969 | $200,200 | Compare |
| Cherry Creek | 11,011 | $147,618 | $856,800 | Compare |
| Monument | 11,035 | $114,654 | $586,400 | 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.
Compare Gunbarrel With Other Cities
Frequently Asked Questions about Gunbarrel
What is the population of Gunbarrel, CO?
The population of Gunbarrel, CO is 10,424 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Colorado.
What is the median household income in Gunbarrel?
The median household income in Gunbarrel, CO is $111,506 per year, which is 48% above the national median of $75,149.
What is the median home value in Gunbarrel?
The median home value in Gunbarrel, CO is $789,200, which is 222% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gunbarrel?
The median monthly rent in Gunbarrel, CO is $1,924, which is 65% above the national average of $1,163/month.
What is the unemployment rate in Gunbarrel?
The unemployment rate in Gunbarrel, CO is 5.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Gunbarrel, CO a good place to live?
Gunbarrel offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 10,424 and a median age of 42.1, the city appeals to a broad range of residents.
How educated is Gunbarrel, CO?
69.9% of residents in Gunbarrel 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 Gunbarrel?
Key cost-of-living indicators for Gunbarrel, CO: median home value is $789,200 (222% above national), median rent is $1,924/month, and median household income is $111,506. The home-value-to-income ratio is 7.1x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Gunbarrel?
The poverty rate in Gunbarrel, CO is 9.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Gunbarrel, CO?
Gunbarrel's population is 2.7% White, 0.7% Hispanic or Latino, 0.4% Black or African American, 1.0% Asian, and 0.2% two or more races. 8.0% of residents are foreign-born.