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Population & People
Population
8,526
Median age
32.4
Median household income
$124,572
Poverty rate
5.2%
Unemployment rate
2.3%
Bachelor's degree+
47.7%
Avg. commute
22 min
Hispanic or Latino
20.4%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$528,500
Median gross rent
$2,569/mo
Homeownership rate
91.55%
HUD FMR — 2 bedroom
$1,429
HUD Fair Market Rent (Colorado statewide average across 64 areas — not specific to Severance), 2026. Efficiency $1083, 1BR $1161, 2BR $1429, 3BR $1861, 4BR $2178. This is a different official figure from Census median gross rent above.
Energy
Colorado gasoline midgrade
$4.52
Colorado commercial electricity
12.47¢/kWh
Colorado industrial electricity
9.07¢/kWh
Colorado residential electricity
15.85¢/kWh
Economy
Gross Domestic Product: All Industry Total
584323.9
Real Gross Domestic Product: All Industry Total
458147.1
All-Transactions House Price Index for Colorado
853.19
Unemployment Rate
3.9%
Source: FRED, Colorado-specific series.