Romeo, CO
Population 368 · Colorado
About Romeo, CO
Romeo is a small community located in Colorado with a population of 368 residents according to the latest US Census Bureau American Community Survey data. The median household income is $42,188 per year, which is 44% below the national median of $75,149. The median age of 39.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Romeo features a median home value of $112,500, which is 54% below the national median of $244,900. This makes Romeo one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $680, 42% below the national average of $1,163/month. Of the 206 total housing units, 82% are owner-occupied (154 units) and 18% are renter-occupied (34 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Romeo shows an unemployment rate of 8.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 30.7%, above the national average of 12.4%. Workers in Romeo have an average one-way commute time of 22.8 minutes.
Education & Demographics
7.8% of Romeo 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 48.1% White, 7.1% Hispanic or Latino, 5.7% Black or African American, and 22.3% Asian residents, with 13.9% of the population being foreign-born.
How Romeo Ranks in Colorado
Cost of Living in Romeo, CO
Compared to national averages, Romeo has a median household income of $42,188 (44% below the national median of $75,149). Home values average $112,500, which is 54% below the national median. Monthly rent at $680 is 42% below the US average of $1,163. Within Colorado, Romeo's income is 52% below the state average of $88,514, and home values are 75% below the state median of $457,127.
Why Live in Romeo, CO?
Romeo offers affordable housing with a median home value of $112,500, below the US average of $244,900, and rent that’s lower than the national average at $680/month, and short commute times averaging just 22.8 minutes.
Potential considerations include median household income ($42,188) that falls below the national average. However, Romeo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Romeo has a population of 368 with a median age of 39.8 years. Compare Romeo with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Romeo
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Echo Hills | 368 | $220,306 | $765,200 | Compare |
| Tall Timber | 376 | $198,018 | $1,171,900 | Compare |
| Gerrard | 359 | $90,284 | $281,700 | Compare |
| Ovid | 378 | $40,000 | $98,600 | Compare |
| Eldorado Springs | 355 | $127,742 | $833,300 | Compare |
| Manzanola | 382 | $29,457 | $113,100 | Compare |
| Eckley | 353 | $53,125 | $111,300 | Compare |
| Lewis | 349 | $0 | $373,100 | 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.
Compare Romeo With Other Cities
Frequently Asked Questions about Romeo
What is the population of Romeo, CO?
The population of Romeo, CO is 368 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 Romeo?
The median household income in Romeo, CO is $42,188 per year, which is 44% below the national median of $75,149.
What is the median home value in Romeo?
The median home value in Romeo, CO is $112,500, which is 54% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Romeo?
The median monthly rent in Romeo, CO is $680, which is 42% below the national average of $1,163/month.
What is the unemployment rate in Romeo?
The unemployment rate in Romeo, CO is 8.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Romeo, CO a good place to live?
Romeo offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 368 and a median age of 39.8, the city appeals to a broad range of residents.
How educated is Romeo, CO?
7.8% of residents in Romeo 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 Romeo?
Key cost-of-living indicators for Romeo, CO: median home value is $112,500 (54% below national), median rent is $680/month, and median household income is $42,188. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Romeo?
The poverty rate in Romeo, CO is 30.7%, 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 Romeo, CO?
Romeo's population is 48.1% White, 7.1% Hispanic or Latino, 5.7% Black or African American, 22.3% Asian, and 0.0% two or more races. 13.9% of residents are foreign-born.