Severance, CO
Population 9,302 · Colorado
About Severance, CO
Severance is a small town located in Colorado with a population of 9,302 residents according to the latest US Census Bureau American Community Survey data. The median household income is $127,257 per year, which is 69% above the national median of $75,149. The median age of 33.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Severance features a median home value of $493,800, which is 102% above the national median of $244,900. This places Severance in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,108, 81% above the national average of $1,163/month. Of the 3,190 total housing units, 93% are owner-occupied (2,971 units) and 7% are renter-occupied (219 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Severance shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Severance have an average one-way commute time of 29.8 minutes.
Education & Demographics
49.7% of Severance 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 16.1% White, 5.1% Hispanic or Latino, 0.0% Black or African American, and 3.4% Asian residents, with 2.0% of the population being foreign-born.
Cost of Living in Severance, CO
Compared to national averages, Severance has a median household income of $127,257 (69% above the national median of $75,149). Home values average $493,800, which is 102% above the national median. Monthly rent at $2,108 is 81% above the US average of $1,163. Within Colorado, Severance's income is 44% above the state average of $88,514, and home values are 8% above the state median of $457,127.
Why Live in Severance, CO?
Severance offers a strong local economy with a median household income of $127,257, well above the national average, and a strong job market with an unemployment rate of just 3.1%, and a well-educated community where 49.7% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $493,800. However, Severance’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Severance has a population of 9,302 with a median age of 33.2 years. Compare Severance with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Severance
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Delta | 9,266 | $46,010 | $238,100 | Compare |
| Roxborough Park | 9,365 | $167,671 | $648,100 | Compare |
| Stonegate | 9,164 | $157,021 | $614,000 | Compare |
| Craig | 9,022 | $69,256 | $252,900 | Compare |
| Cortez | 8,898 | $51,377 | $226,700 | Compare |
| Woodmoor | 8,819 | $174,138 | $702,900 | Compare |
| Redlands | 8,771 | $97,500 | $466,400 | Compare |
| Alamosa | 9,847 | $46,969 | $200,200 | 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 Severance With Other Cities
Frequently Asked Questions about Severance
What is the population of Severance, CO?
The population of Severance, CO is 9,302 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Colorado.
What is the median household income in Severance?
The median household income in Severance, CO is $127,257 per year, which is 69% above the national median of $75,149.
What is the median home value in Severance?
The median home value in Severance, CO is $493,800, which is 102% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Severance?
The median monthly rent in Severance, CO is $2,108, which is 81% above the national average of $1,163/month.
What is the unemployment rate in Severance?
The unemployment rate in Severance, CO is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Severance, CO a good place to live?
Severance offers above-average incomes, a competitive housing market, and a strong job market. With a population of 9,302 and a median age of 33.2, the city appeals to young professionals and families.
How educated is Severance, CO?
49.7% of residents in Severance 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 Severance?
Key cost-of-living indicators for Severance, CO: median home value is $493,800 (102% above national), median rent is $2,108/month, and median household income is $127,257. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Severance?
The poverty rate in Severance, CO is 3.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Severance, CO?
Severance's population is 16.1% White, 5.1% Hispanic or Latino, 0.0% Black or African American, 3.4% Asian, and 0.6% two or more races. 2.0% of residents are foreign-born.