Rico, CO
Population 392 · Colorado
About Rico, CO
Rico is a small community located in Colorado with a population of 392 residents according to the latest US Census Bureau American Community Survey data. The median household income is $101,250 per year, which is 35% above the national median of $75,149. The median age of 42.7 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 Rico features a median home value of $545,000, which is 123% above the national median of $244,900. This places Rico in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,711, 47% above the national average of $1,163/month. Of the 283 total housing units, 79% are owner-occupied (169 units) and 21% are renter-occupied (45 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Rico 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 14.8%, above the national average of 12.4%. Workers in Rico have an average one-way commute time of 33.3 minutes.
Education & Demographics
46.0% of Rico 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 2.6% White, 15.1% Hispanic or Latino, 0.0% Black or African American, and 4.8% Asian residents, with 7.1% of the population being foreign-born.
Cost of Living in Rico, CO
Compared to national averages, Rico has a median household income of $101,250 (35% above the national median of $75,149). Home values average $545,000, which is 123% above the national median. Monthly rent at $1,711 is 47% above the US average of $1,163. Within Colorado, Rico's income is 14% above the state average of $88,514, and home values are 19% above the state median of $457,127.
Why Live in Rico, CO?
Rico offers a strong local economy with a median household income of $101,250, well above the national average, and a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 46.0% of residents hold a bachelor’s degree or higher.
Potential considerations include a competitive housing market where the typical home costs $545,000. However, Rico’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Rico has a population of 392 with a median age of 42.7 years. Compare Rico with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Rico
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pine Valley | 391 | $126,726 | $766,900 | Compare |
| Coal Creek | 395 | $41,333 | $205,300 | Compare |
| Comanche Creek | 389 | $225,175 | $657,400 | Compare |
| Arboles | 396 | $42,500 | $282,500 | Compare |
| Phippsburg | 399 | $110,870 | $310,000 | Compare |
| Manzanola | 382 | $29,457 | $113,100 | Compare |
| Walsh | 403 | $21,711 | $82,100 | Compare |
| Franktown | 405 | $0 | $1,066,000 | 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 Rico With Other Cities
Frequently Asked Questions about Rico
What is the population of Rico, CO?
The population of Rico, CO is 392 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 Rico?
The median household income in Rico, CO is $101,250 per year, which is 35% above the national median of $75,149.
What is the median home value in Rico?
The median home value in Rico, CO is $545,000, which is 123% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Rico?
The median monthly rent in Rico, CO is $1,711, which is 47% above the national average of $1,163/month.
What is the unemployment rate in Rico?
The unemployment rate in Rico, 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 Rico, CO a good place to live?
Rico offers above-average incomes, a competitive housing market, and a strong job market. With a population of 392 and a median age of 42.7, the city appeals to a broad range of residents.
How educated is Rico, CO?
46.0% of residents in Rico 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 Rico?
Key cost-of-living indicators for Rico, CO: median home value is $545,000 (123% above national), median rent is $1,711/month, and median household income is $101,250. The home-value-to-income ratio is 5.4x, a moderate figure by national standards.
What is the poverty rate in Rico?
The poverty rate in Rico, CO is 14.8%, 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 Rico, CO?
Rico's population is 2.6% White, 15.1% Hispanic or Latino, 0.0% Black or African American, 4.8% Asian, and 0.0% two or more races. 7.1% of residents are foreign-born.