GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive City In Colorado

The most expensive city in Colorado has a median household income of $100,848 and a median home value of $754,400.

With sources from: realtor.com, businessinsider.com, aspendailynews.com, worldpopulationreview.com and many more

Statistic 1

As of 2021, Aspen is the most expensive city in Colorado.

Statistic 2

Nearly 60% of Aspen households earn more than $100,000 a year.

Statistic 3

The median household income in Aspen is $64,594.

Statistic 4

Nearly 70% of Aspen’s homes are second homes or vacation rentals.

Statistic 5

The median rent in Aspen is over $2,000 per month.

Statistic 6

The price per square foot in Aspen is $1,683.

Statistic 7

Aspen’s cost of living is 335% higher than the national average.

Statistic 8

Aspen's cost of housing is 942% higher than the U.S. average.

Statistic 9

Approximately 11.4% of Aspen residents live below the poverty line.

Statistic 10

The real estate appreciation rate in Aspen over the last ten years has been 3.73% annually.

Statistic 11

The most expensive neighborhood in Aspen is West End where average home prices are over $6 million.

Statistic 12

In Aspen, groceries cost about 21% more than the national average.

Statistic 13

Healthcare costs in Aspen are 22% higher than the national average.

Statistic 14

The median age of Aspen residents is 44.2 years old.

Statistic 15

About 27.6% of Aspen's population possesses a bachelor's degree.

Statistic 16

The population in Aspen has grown by around 5.4% over the last decade.

Statistic 17

Aspen's cost of living is 124% higher than the Colorado average.

Statistic 18

Skiing-related properties and resorts in Aspen can cost more than $300 million.

Statistic 19

About 42% of housing units in Aspen are rented.

Sources Icon Sources

In this post, we examine the staggering statistics that solidify Aspen’s position as the most expensive city in Colorado. From jaw-dropping home prices to soaring costs of living, Aspen’s economic landscape paints a picture of exclusivity and luxury. Join us as we unravel the numbers that showcase the extreme financial dynamics of this elite mountain town.

Statistic 1

"As of 2021, Aspen is the most expensive city in Colorado."

Sources Icon

Statistic 2

"Nearly 60% of Aspen households earn more than $100,000 a year."

Sources Icon

Statistic 3

"The median household income in Aspen is $64,594."

Sources Icon

Statistic 4

"Nearly 70% of Aspen’s homes are second homes or vacation rentals."

Sources Icon

Statistic 5

"The median rent in Aspen is over $2,000 per month."

Sources Icon

Statistic 6

"The price per square foot in Aspen is $1,683."

Sources Icon

Statistic 7

"Aspen’s cost of living is 335% higher than the national average."

Sources Icon

Statistic 8

"Aspen's cost of housing is 942% higher than the U.S. average."

Sources Icon

Statistic 9

"Approximately 11.4% of Aspen residents live below the poverty line."

Sources Icon

Statistic 10

"The real estate appreciation rate in Aspen over the last ten years has been 3.73% annually."

Sources Icon

Statistic 11

"The most expensive neighborhood in Aspen is West End where average home prices are over $6 million."

Sources Icon

Statistic 12

"In Aspen, groceries cost about 21% more than the national average."

Sources Icon

Statistic 13

"Healthcare costs in Aspen are 22% higher than the national average."

Sources Icon

Statistic 14

"The median age of Aspen residents is 44.2 years old."

Sources Icon

Statistic 15

"About 27.6% of Aspen's population possesses a bachelor's degree."

Sources Icon

Statistic 16

"The population in Aspen has grown by around 5.4% over the last decade."

Sources Icon

Statistic 17

"Aspen's cost of living is 124% higher than the Colorado average."

Sources Icon

Statistic 18

"Skiing-related properties and resorts in Aspen can cost more than $300 million."

Sources Icon

Statistic 19

"About 42% of housing units in Aspen are rented."

Sources Icon

Interpretation

In conclusion, Aspen stands out as the most expensive city in Colorado with exorbitant housing costs, a significantly higher cost of living compared to national and state averages, and a considerable proportion of second homes or vacation rentals. Despite a substantial median income for a majority of households in Aspen, a notable percentage of residents still live below the poverty line due to the inflated cost of basic necessities such as groceries and healthcare. The real estate market in Aspen remains lucrative with a steady appreciation rate, especially in upscale neighborhoods like West End where home prices soar to millions of dollars. Overall, Aspen's exceptional cost of living and property values reflect its status as a premier destination known for luxury and exclusivity.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.

Submit Your Own Statistic Data

Would you like to submit your own researched statistics on this topic? You are welcome to use the form below and submit your suggestion to us. We will check the source and approve it if necessary.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!