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Population & People
Population
16,287
Median age
35
Median household income
$80,026
Poverty rate
12.6%
Unemployment rate
5.8%
Bachelor's degree+
14.8%
Avg. commute
25 min
Hispanic or Latino
59.1%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$385,000
Median gross rent
$1,656/mo
Homeownership rate
72.48%
HUD FMR — 2 bedroom
$1,429
HUD Fair Market Rent (Colorado statewide average across 64 areas — not specific to Welby), 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.