Simla, CO
Population 576 · Colorado
About Simla, CO
Simla is a small community located in Colorado with a population of 576 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 40.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Simla features a median home value of $210,300, which is 14% below the national median of $244,900. This positions Simla in a moderately priced market relative to the rest of the country. Median monthly rent is $1,141, 2% below the national average of $1,163/month. Of the 273 total housing units, 63% are owner-occupied (159 units) and 37% are renter-occupied (92 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Simla 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 28.0%, above the national average of 12.4%. Workers in Simla have an average one-way commute time of 22.5 minutes.
Education & Demographics
19.9% of Simla 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 0.0% White, 8.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Simla, CO
Compared to national averages, Simla has a median household income of $0 (100% below the national median of $75,149). Home values average $210,300, which is 14% below the national median. Monthly rent at $1,141 is 2% below the US average of $1,163. Within Colorado, Simla's income is 100% below the state average of $88,514, and home values are 54% below the state median of $457,127.
Why Live in Simla, CO?
Simla offers affordable housing with a median home value of $210,300, below the US average of $244,900, and rent that’s lower than the national average at $1,141/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 22.5 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Simla’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Simla has a population of 576 with a median age of 40.2 years. Compare Simla with other cities to see how it stacks up, or explore all cities in Colorado.
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Cities in Colorado with a similar population size.
Demographics
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Economy & Education
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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 Simla
What is the population of Simla, CO?
The population of Simla, CO is 576 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 Simla?
The median household income in Simla, CO is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Simla?
The median home value in Simla, CO is $210,300, which is 14% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Simla?
The median monthly rent in Simla, CO is $1,141, which is 2% below the national average of $1,163/month.
What is the unemployment rate in Simla?
The unemployment rate in Simla, 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 Simla, CO a good place to live?
Simla offers a moderate cost of living, affordable housing, and a strong job market. With a population of 576 and a median age of 40.2, the city appeals to a broad range of residents.
How educated is Simla, CO?
19.9% of residents in Simla 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 Simla?
Key cost-of-living indicators for Simla, CO: median home value is $210,300 (14% below national), median rent is $1,141/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Simla?
The poverty rate in Simla, CO is 28.0%, 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 Simla, CO?
Simla's population is 0.0% White, 8.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 7.6% two or more races. 0.0% of residents are foreign-born.