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Chaffee County, CO&

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Population
18,507
1.08% growth
Median Age
49.1
Median Household Income
$50,993
0.19% decline
Poverty Rate
9.6%
Number of Employees
8,317
1.8% growth
Median Property Value
$289,900
5.73% growth

Economy

The economy of Chaffee County, CO employs 8,317 people. The economy of Chaffee County, CO is specialized in Construction; Public Admin.; and Arts, Entertainment, Recreation, which employ respectively 1.89; 1.75; and 1.66 times more people than what would be expected in a location of this size. The largest industries in Chaffee County, CO are Retail trade (1,170), Healthcare & Social Assistance (1,076), and Construction (982), and the highest paying industries are Utilities ($57,143), Mining, Quarrying, Oil, Gas Extraction ($35,417), and Educational Services ($34,852).

Median household income in Chaffee County, CO is $50,993. Males in Chaffee County, CO have an average income that is 1.24 times higher than the average income of females, which is $45,206. The income inequality of Chaffee County, CO (measured using the Gini index) is 0.456 which is lower than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Chaffee County, CO. In Chaffee County, CO the age groups most likely to have health care coverage are 55-64 and 55-64, men and women, respectively. The location has a 1 to 98 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $7,565. Logan County, CO has the highest prevalence of homicides of any county in Colorado.

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Diversity

Chaffee County, CO is home to a population of 18,507 people, from which 98.4% are citizens. The ethnic composition of the population of Chaffee County, CO is composed of 16,164 White residents (87.3%), 1,876 Hispanic residents (10.1%), 237 Black residents (1.28%), 106 Two+ residents (0.57%), and 67 Asian residents (0.36%). The most common foreign languages in Chaffee County, CO are Spanish (676 speakers), French (64 speakers), and Greek (56 speakers), but compared to other places, Chaffee County, CO has a relative high number of Greek (56 speakers), Hungarian (10 speakers), and Other Slavic (32 speakers).

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Education

In 2015 universities in Colorado awarded 89,945 degrees. The student population of Colorado is skewed towards females, with 39,238 male students and 50,707 female students. Most students in Colorado are White (57,614 and 64.1%), followed by Hispanic or Latino (12,228 and 13.6%), Unknown (5,568 and 6.19%), and Black or African American (5,287 and 5.88%). The largest universities in Colorado by number of graduates are University of Colorado Boulder (7,682 and 8.54%), Colorado State University-Fort Collins (7,361 and 8.18%), and Colorado Technical University-Online (5,016 and 5.58%). The most popular majors in Colorado are General Business Administration & Management (4,736 and 5.27%), General Psychology (1,885 and 2.1%), and Registered Nursing (1,849 and 2.06%). The median tuition costs in Colorado are $45,288 for private four year colleges, and $7,067 and $18,859 respectively, for public four year colleges for in-state students and out-of-state students.

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Housing & Living

The median property value in Chaffee County, CO is $289,900, which is 1.41 times larger than the national average of $205,000. Between 2015 and 2016 the median property value increased from $274,200 to $289,900, a 5.73% increase. The homeownership rate of Chaffee County, CO is 75.9%, which is higher than the national average of 63.6%. People in Chaffee County, CO have an average commute time of 15.1 minutes, and they commute by Drove Alone. Car ownership in Chaffee County, CO is approximately the same as the national average, with an average of 2 cars per household.

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