Basalt, CO

Census Place

2024 Population

4,335

US Senator

Michael Bennet

Democratic Party

US Senator

John Hickenlooper

Democratic Party

2024 Median Age

41.2

5.5% 1-year decrease

2024 Poverty Rate

7.27%

71.8% 1-year increase

2024 Median Household Income

$105,855

0.137% 1-year decline

2024 Median Property Value

$1.18M

Population & Diversity

Basalt, CO is home to a population of 4.34k people, from which 98.8% are citizens.

As of 2024, 2.88% of Basalt, CO residents were born outside of the country (125 people).

In 2024, there were 26.3 times more White (Non-Hispanic) residents (3.76k people) in Basalt, CO than any other race or ethnicity. There were 143 Two Races Including Other (Hispanic) and 127 Two Races Including Other (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

98.8%

2024 Citizenship

98.4%

2023 Citizenship

As of 2024, 98.8% of Basalt, CO residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Basalt, CO was 98.4%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Basalt, CO compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Basalt, CO

White (Non-Hispanic)
3.76k ± 376
Two Races Including Other (Hispanic)
143 ± 146
Two Races Including Other (Non-Hispanic)
127 ± 114

6.83%

Hispanic Population

296 people

6.83% of the people in Basalt, CO are hispanic (296 people).

The following chart shows the 8 races represented in Basalt, CO as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Colorado.

Most Common Origin

Mexico
205,206 ± 10,925 people
India
23,918 ± 3,789 people
China
18,011 ± 3,290 people

In 2024, the most common birthplace for the foreign-born residents of Colorado was Mexico, the natal country of 205,206 Colorado residents, followed by India with 23,918 and China with 18,011.

Foreign-Born Population

2.88%

2024 Foreign-Born Population

125 people

2.63%

2023 Foreign-Born Population

105 people

As of 2024, 2.88% of Basalt, CO residents (125 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Basalt, CO was 2.63%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Basalt, CO compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Gulf War (2001-)
63 ± 88
Vietnam
26 ± 38
Gulf War (1990s)
11 ± 24

Basalt, CO has a large population of military personnel who served in Gulf War (2001-), 2.42 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Basalt, CO.

Economy

The economy of Basalt, CO employs 2.8k people. In 2024, the largest industries in Basalt, CO were Arts, Entertainment, & Recreation (279 people), Educational Services (274 people), and Health Care & Social Assistance (237 people), and the highest paying industries were Real Estate & Rental & Leasing ($111,364), Professional, Scientific, & Technical Services ($95,417), and Public Administration ($88,341).

Employment

Occupations

2.8k

2024 Value

± 472

7.44%

1 Year growth

± 22.8%

From 2023 to 2024, employment in Basalt, CO grew at a rate of 7.44%, from 2.61k employees to 2.8k employees.

The most common job groups, by number of people living in Basalt, CO, are Office & Administrative Support Occupations (437 people), Management Occupations (332 people), and Education Instruction, & Library Occupations (251 people). This chart illustrates the share breakdown of the primary jobs held by residents of Basalt, CO.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Colorado.

This chart shows weekly unemployment insurance claims in Colorado (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

2.8k

2024 Value

± 472

7.44%

1 Year growth

± 22.8%

From 2023 to 2024, employment in Basalt, CO grew at a rate of 7.44%, from 2.61k employees to 2.8k employees.

The most common employment sectors for those who live in Basalt, CO, are Arts, Entertainment, & Recreation (279 people), Educational Services (274 people), and Health Care & Social Assistance (237 people). This chart shows the share breakdown of the primary industries for residents of Basalt, CO, though some of these residents may live in Basalt, CO and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$66,883

Median earning men ± $16,693

$50,147

Median earning women ± $12,192

The industries with the best median earnings for men in 2024 are Other Services Except Public Administration ($120,717), Transportation & Warehousing, & Utilities ($115,223), and Finance & Insurance, & Real Estate & Rental & Leasing ($110,795).

The industries with the best median earnings for women in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($66,550), Arts, Entertainment, & Recreation, & Accommodations & Food Services ($60,216), and Educational Services, & Health Care & Social Assistance ($50,849).

Housing & Living

The median property value in Basalt, CO was $1.18M in 2024, which is 3.55 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $1.15M to $1.18M, a 2.8% increase. The homeownership rate in Basalt, CO is 59.3%, which is lower than the national average of 65.2%.

People in Basalt, CO have an average commute time of 26.7 minutes, and they drove alone to work. Car ownership in Basalt, CO is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$1.18M

Median Property Value 2024

±$90,827

$1,164

Median Property Taxes

±$250

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Basalt, CO the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Basalt, CO compared to it's parent and neighbor geographies.

Rent vs Own

59.3%

Homeownership

2024

71.6%

Homeowners with Mortgage

2024

In 2024, 59.3% of the housing units in Basalt, CO were occupied by their owner. This percentage grew from the previous year's rate of 58.2%.

This chart shows the percentage of owner in Basalt, CO compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$105,855

Median Household Income

± $24,487

1.96k

Number of Households

± 348

In 2024, the median household income of the 1.96k households in Basalt, CO declined from $105,855 from the previous year's value of $106,000.

The following chart displays the households in Basalt, CO distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

Wage Distribution

The closest comparable wage GINI for Basalt, CO is from Colorado.

0.46

2024 Wage GINI in Colorado

0.462

2023 Wage GINI in Colorado

In 2024, the income inequality in Colorado was 0.46 according to the GINI calculation of the wage distribution. Income inequality had a 0.498% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Colorado was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Colorado in comparison to the national average.

This chart shows the number of workers in Colorado across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (63.3%)
Public Transit (14.5%)
Carpooled (8.78%)

In 2024, 63.3% of workers in Basalt, CO drove alone to work, followed by those who used public transit to get to work (14.5%) and those who carpooled to work (8.78%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

26.7 minutes

Average Travel Time

Using averages, employees in Basalt, CO have a longer commute time (26.7 minutes) than the normal US worker (26.4 minutes). Additionally, 2.21% of the workforce in Basalt, CO have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Basalt, CO compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Basalt, CO distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Basalt, CO have 2 cars.

Poverty

Poverty & Diversity

7.27% of the population for whom poverty status is determined in Basalt, CO (315 out of 4.34k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 18 - 24, followed by Females 65 - 74 and then Females 45 - 54.

The most common racial or ethnic group living below the poverty line in Basalt, CO is White, followed by Black and Native American.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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