Parachute, CO
Population 1,513 · Colorado
About Parachute, CO
Parachute is a small community in Colorado with a population of 1,513 residents. The median household income is $58,910 per year, which is near the national average. The median age in Parachute is 26.8 years.
Housing in Parachute has a median home value of $269,500 and median monthly rent of $1,050. Of the 561 total housing units, the majority are owner-occupied, with 273 owner-occupied and 255 renter-occupied units.
The unemployment rate in Parachute is 15.1% and the poverty rate is 18.0%. 9.4% of residents hold a bachelor's degree or higher. The average commute time is 33.6 minutes.
Cost of Living in Parachute, CO
Compared to national averages, Parachute has a median household income of $58,910 (22% below the national median of $75,149). Home values average $269,500, which is 10% above the national median. Monthly rent at $1,050 is 10% below the US average of $1,163. Within Colorado, Parachute's income is 33% below the state average of $88,514, and home values are 41% below the state median of $457,127.
Why Live in Parachute, CO?
Parachute offers rent that’s lower than the national average at $1,050/month.
Potential considerations include median household income ($58,910) that falls below the national average. However, Parachute’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Parachute has a population of 1,513 with a median age of 26.8 years. Compare Parachute with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Parachute
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Nederland | 1,523 | $103,452 | $631,100 | Compare |
| Springfield | 1,482 | $42,368 | $122,600 | Compare |
| Leadville North | 1,470 | $96,447 | $397,900 | Compare |
| Limon | 1,572 | $46,950 | $208,000 | Compare |
| Paonia | 1,454 | $52,466 | $301,300 | Compare |
| Del Norte | 1,576 | $39,861 | $175,600 | Compare |
| Crested Butte | 1,436 | $71,923 | $928,100 | Compare |
| Alamosa East | 1,404 | $44,741 | $219,100 | 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 Parachute
What is the population of Parachute, CO?
The population of Parachute, CO is 1,513 according to the latest Census data.
What is the median household income in Parachute?
The median household income in Parachute, CO is $58,910 per year.
What is the median home value in Parachute?
The median home value in Parachute, CO is $269,500.
What is the average rent in Parachute?
The median monthly rent in Parachute, CO is $1,050.
What is the unemployment rate in Parachute?
The unemployment rate in Parachute, CO is 15.1%.