Towaoc, CO
Population 1,058 · Colorado
About Towaoc, CO
Towaoc is a small town located in Colorado with a population of 1,058 residents according to the latest US Census Bureau American Community Survey data. The median household income is $23,661 per year, which is 69% below the national median of $75,149. The median age of 18 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 Towaoc features a median home value of $0, which is 100% below the national median of $244,900. This makes Towaoc one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $349, 70% below the national average of $1,163/month. Of the 286 total housing units, 19% are owner-occupied (54 units) and 81% are renter-occupied (225 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Towaoc shows an unemployment rate of 17.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 70.2%, above the national average of 12.4%. Workers in Towaoc have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
6.5% of Towaoc 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 0.5% White, 86.0% Hispanic or Latino, 0.0% Black or African American, and 2.9% Asian residents, with 5.0% of the population being foreign-born.
How Towaoc Ranks in Colorado
Cost of Living in Towaoc, CO
Compared to national averages, Towaoc has a median household income of $23,661 (69% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $349 is 70% below the US average of $1,163. Within Colorado, Towaoc's income is 73% below the state average of $88,514, and home values are 100% below the state median of $457,127.
Why Live in Towaoc, CO?
Towaoc offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $349/month, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($23,661) that falls below the national average. However, Towaoc’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Towaoc has a population of 1,058 with a median age of 18 years. Compare Towaoc with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Towaoc
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lazy Acres | 1,056 | $147,344 | $967,100 | Compare |
| Sanford | 1,047 | $41,250 | $150,000 | Compare |
| Georgetown | 1,082 | $75,804 | $440,000 | Compare |
| Ouray | 1,031 | $76,458 | $549,200 | Compare |
| Watkins | 1,087 | $157,321 | $725,900 | Compare |
| Mancos | 1,016 | $62,361 | $343,900 | Compare |
| Fowler | 1,101 | $42,083 | $141,300 | Compare |
| Pierce | 1,102 | $66,313 | $295,600 | 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 Towaoc With Other Cities
Frequently Asked Questions about Towaoc
What is the population of Towaoc, CO?
The population of Towaoc, CO is 1,058 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 Towaoc?
The median household income in Towaoc, CO is $23,661 per year, which is 69% below the national median of $75,149.
What is the median home value in Towaoc?
The median home value in Towaoc, CO is $0, which is 100% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Towaoc?
The median monthly rent in Towaoc, CO is $349, which is 70% below the national average of $1,163/month.
What is the unemployment rate in Towaoc?
The unemployment rate in Towaoc, CO is 17.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Towaoc, CO a good place to live?
Towaoc offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,058 and a median age of 18, the city appeals to young professionals and families.
How educated is Towaoc, CO?
6.5% of residents in Towaoc 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 Towaoc?
Key cost-of-living indicators for Towaoc, CO: median home value is $0 (100% below national), median rent is $349/month, and median household income is $23,661. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Towaoc?
The poverty rate in Towaoc, CO is 70.2%, 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 Towaoc, CO?
Towaoc's population is 0.5% White, 86.0% Hispanic or Latino, 0.0% Black or African American, 2.9% Asian, and 0.7% two or more races. 5.0% of residents are foreign-born.