Welby, CO
Population 16,232 · Colorado
About Welby, CO
Welby is a mid-sized city located in Colorado with a population of 16,232 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,375 per year, which is 4% above the national median of $75,149. The median age of 33.9 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 Welby features a median home value of $347,700, which is 42% above the national median of $244,900. This positions Welby in a moderately priced market relative to the rest of the country. Median monthly rent is $1,640, 41% above the national average of $1,163/month. Of the 5,932 total housing units, 74% are owner-occupied (4,250 units) and 26% are renter-occupied (1,493 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Welby shows an unemployment rate of 5.2%, which is near the national rate of 3.7%. The poverty rate stands at 9.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Welby have an average one-way commute time of 29.1 minutes.
Education & Demographics
14.6% of Welby 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 51.8% White, 7.3% Hispanic or Latino, 0.6% Black or African American, and 8.3% Asian residents, with 20.2% of the population being foreign-born.
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.
Compare Welby With Other Cities
Frequently Asked Questions about Welby
What is the population of Welby, CO?
The population of Welby, CO is 16,232 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Colorado.
What is the median household income in Welby?
The median household income in Welby, CO is $78,375 per year, which is 4% above the national median of $75,149.
What is the median home value in Welby?
The median home value in Welby, CO is $347,700, which is 42% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Welby?
The median monthly rent in Welby, CO is $1,640, which is 41% above the national average of $1,163/month.
What is the unemployment rate in Welby?
The unemployment rate in Welby, CO is 5.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Welby, CO a good place to live?
Welby offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 16,232 and a median age of 33.9, the city appeals to young professionals and families.
How educated is Welby, CO?
14.6% of residents in Welby 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 Welby?
Key cost-of-living indicators for Welby, CO: median home value is $347,700 (42% above national), median rent is $1,640/month, and median household income is $78,375. The home-value-to-income ratio is 4.4x, a moderate figure by national standards.
What is the poverty rate in Welby?
The poverty rate in Welby, CO is 9.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Welby, CO?
Welby's population is 51.8% White, 7.3% Hispanic or Latino, 0.6% Black or African American, 8.3% Asian, and 1.7% two or more races. 20.2% of residents are foreign-born.