81423 Zip Code Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for the 81423 zip code? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for 81423, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

81423 is a zip code in Montrose County and San Miguel County, Colorado, which covers Nucla CCD, Norwood CCD, and West San Miguel, with a total population of 1,782 people.

Median Household Income

According to the latest ACS 5-year survey in 2020, the median household income in 81423 is $62,806.00.

The chart below shows the average household income by age in 81423.

  • Under 25
    $47,625.00
  • 25 to 44
    $68,281.00
  • 45 to 64
    $84,167.00
  • 65 and over
    $0.00

Average Household Income

A very commonly asked question is "what is the average household income in the 81423 zip code?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in 81423 is $77,182.00.

4.49% of households in the 81423 zip code are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for 81423 but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

Household Income Tiers for 81423

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for the 81423 zip code easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

  • Less than $24,999
    21.60%
  • $25,000 to $49,999
    13.18%
  • $50,000 to $74,999
    27.63%
  • $75,000 to $99,999
    9.68%
  • $100,000 to $149,999
    18.79%
  • $150,000 to $199,999
    4.63%
  • $200,000 or more
    4.49%

Per Capita Income

The per capita income is the average income of all people in the 81423 zip code. This is calculated by dividing the total income of all people in 81423 by the total number of people in 81423.

It differs from the average or mean household income because it includes all people in 81423 and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in the 81423 zip code is $31,804.00.

Population in 81423 by Race and Ethnicity

The total population in 81423 is currently 1,782 people.

The race and ethnicity of the population in 81423 can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in the 81423 zip code.

  • 93.20% White
    1,660
  • 0.00% Black/African American
    0
  • 0.00% Native
    0
  • 6.80% Hispanic
    122
  • 0.00% Asian
    0
  • 0.00% Hawaiian/Pacific Islander
    0
  • 0.00% Two or more races
    0
  • 0.00% Other
    0

Population of 81423 by Age and Gender

Another very important demographics statistic for the 81423 zip code is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Age Group Male Female
0 to 9 Years 95 49
10 to 19 Years 94 128
20 to 29 Years 85 40
30 to 39 Years 117 109
40 to 49 Years 124 131
50 to 59 Years 116 95
60 to 69 Years 166 169
70 Years and over 128 136

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in the 81423 zip code.

  • Master's degree or higher
    11.23%
  • Bachelor's degree
    35.60%
  • Some college or associate's degree
    6.69%
  • High school diploma or equivalent
    45.88%
  • Less than high school diploma
    0.60%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for 81423 because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in 81423 look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in the 81423 zip code that are over the age of 16.

The current population in 81423 that are over the age of 16 is 1,488 people.

The unemployment rate in 81423 is 30.40%, which means 452 people are unemployed.

Median Age in 81423

The median age is an interesting metric because it gives us an idea of the age distribution of people in the 81423 zip code. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in 81423 is 46.8 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in 81423

46.8

Total

47.3

Male

46.4

Female

Households and Families

There are a total of 713 households in 81423, and the average household size is 2.5 people.

For families, the total number is 512, and the average family size is 2.78 people.

3.90% of those families in the 81423 zip code are living below the poverty line.

The table below shows the poverty thresholds for 81423 in 2022.

Household Size Poverty Threshold
1 Person $13,590.00
2 People $18,310.00
3 People $23,030.00
4 People $27,750.00
5 People $32,470.00
6 People $37,190.00
7 People $41,910.00
8 People $46,630.00

Please note that the poverty thresholds shown above are from 2022, while the latest demographics data we have is from 2020.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

  • Married-couple
  • Male householder, no spouse present
  • Female householder, no spouse present
  • Nonfamily household

In the table below, you can see the total households and families in the 81423 zip code for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 440 23 49 201
Average Household Size 2.87 3.3 2.82 1.52
Total Families 440 23 49 0
Average Household Size 2.78 3.17 2.59 0

Housing Data in 81423

There are total of 845 housing units in the 81423 zip code. Of those units, 713 (84.38%) are occupied, and 132 (15.62%) are vacant.

Rental Rates

Of the 845 housing units in 81423, 179 (21.18%) are occupied by renters. The median rent paid by renters is $1,099.00.

Owner occupied housing units make up the remaining 61.42% of housing units, with 519 housing units in total.

The table below breaks down how much rent is paid by renters in the 81423 zip code.

  • No rent paid
    15
  • Less than $500
    1
  • $500 to $999
    56
  • $1,000 to $1,499
    92
  • $1,500 to $1,999
    24
  • $2,000 to $2,499
    6
  • $2,500 to $2,999
    0
  • $3,000 or more
    0

Property Values

The median value of a property in 81423 is $296,800.00.

The table below breaks down the range of valuations for all properties in 81423.

  • Less than $50,000
    29
  • $50,000 to $99,999
    28
  • $100,000 to $149,999
    40
  • $150,000 to $199,999
    32
  • $200,000 to $299,999
    135
  • $300,000 to $499,999
    117
  • $500,000 to $999,999
    81
  • $1,000,000 or more
    57

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in the 81423 zip code.

  • 1939 or earlier
    74
  • 1940 to 1949
    4
  • 1950 to 1959
    55
  • 1960 to 1969
    25
  • 1970 to 1979
    119
  • 1980 to 1989
    143
  • 1990 to 1999
    170
  • 2000 to 2009
    221
  • 2010 to 2013
    15
  • 2014 or later
    19

Vehicles Available per Household

Finally, we have data on how many vehicles each household in 81423 has. The table below breaks down the number of vehicles available per household.

  • No vehicles available
    10
  • 1 vehicle available
    90
  • 2 vehicles available
    381
  • 3 or more vehicles available
    232

Commuting to Work in 81423

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of the 81423 zip code, how they commute, and how that correlates to other data points.

The average travel time is 31.4 minutes, and the chart below covers the range of travel times across the population of 81423.

  • Less than 5 minutes
    72
  • 5 to 9 minutes
    118
  • 10 to 14 minutes
    116
  • 15 to 19 minutes
    47
  • 20 to 24 minutes
    27
  • 25 to 29 minutes
    13
  • 30 to 34 minutes
    78
  • 35 to 39 minutes
    22
  • 40 to 44 minutes
    0
  • 45 to 59 minutes
    297
  • 60 to 89 minutes
    53
  • 90 or more minutes
    20

We can also look at the means of transport in 81423 to see which modes of transport people are using to commute to work.

  • Drove alone
    707
  • Carpooled
    84
  • Public transportation
    37
  • Walked
    35
  • Other means
    0
  • Worked from home
    100

Conclusion

Hopefully this article has given you the demographics data you were looking for in the 81423 zip code.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for 81423.

Link To or Reference This Page

We spent a lot of time downloading, cleaning, merging, and formatting the data that is shown on the site.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference Name Census as the source. We appreciate your support!

  • "81423 Zip Code Income, Population and Demographics". NameCensus.com. Accessed on November 28, 2022. https://namecensus.com/demographics/colorado/81423/.

  • "81423 Zip Code Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/colorado/81423/. Accessed 28 November, 2022

  • 81423 Zip Code Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/colorado/81423/.