Welby, CO
Population 16,232 · Colorado
About Welby, CO
Welby is a mid-sized city in Colorado with a population of 16,232 residents. The median household income is $78,375 per year, which is above the national average. The median age in Welby is 33.9 years.
Housing in Welby has a median home value of $347,700 and median monthly rent of $1,640. Of the 5,932 total housing units, the majority are owner-occupied, with 4,250 owner-occupied and 1,493 renter-occupied units.
The unemployment rate in Welby is 5.2% and the poverty rate is 9.4%. 14.6% of residents hold a bachelor's degree or higher. The average commute time is 29.1 minutes.
How Welby Ranks in Colorado
Cost of Living in Welby, CO
Compared to national averages, Welby has a median household income of $78,375 (4% above the national median of $75,149). Home values average $347,700, which is 42% above the national median. Monthly rent at $1,640 is 41% above the US average of $1,163. Within Colorado, Welby's income is 11% below the state average of $88,514, and home values are 24% below the state median of $457,127.
Why Live in Welby, CO?
Welby offers a strong local economy with a median household income of $78,375, well above the national average, and a low poverty rate of 9.4%, better than the national average.
Welby has a population of 16,232 with a median age of 33.9 years. Compare Welby with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Welby
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Frederick | 15,893 | $135,316 | $529,800 | Compare |
| Greenwood Village | 15,485 | $145,781 | $1,213,300 | Compare |
| Cañon City | 17,098 | $66,068 | $275,300 | Compare |
| Firestone | 17,353 | $114,591 | $511,800 | Compare |
| Black Forest | 14,658 | $142,173 | $805,200 | Compare |
| Johnstown | 18,075 | $130,851 | $493,500 | Compare |
| Federal Heights | 14,160 | $57,957 | $91,300 | Compare |
| Lone Tree | 14,136 | $125,699 | $819,800 | 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.
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Frequently Asked Questions about Welby
What is the population of Welby, CO?
The population of Welby, CO is 16,232 according to the latest Census data.
What is the median household income in Welby?
The median household income in Welby, CO is $78,375 per year.
What is the median home value in Welby?
The median home value in Welby, CO is $347,700.
What is the average rent in Welby?
The median monthly rent in Welby, CO is $1,640.
What is the unemployment rate in Welby?
The unemployment rate in Welby, CO is 5.2%.