Parachute, CO

Census Place

2024 Population

1,422

US Senator

Michael Bennet

Democratic Party

US Senator

John Hickenlooper

Democratic Party

2024 Median Age

26.1

2.61% 1-year decrease

2024 Poverty Rate

27.5%

53.2% 1-year increase

2024 Median Household Income

$58,778

0.224% 1-year decline

2024 Median Property Value

$271,400

Population & Diversity

Parachute, CO is home to a population of 1.42k people, from which 97.3% are citizens.

As of 2024, 3.73% of Parachute, CO residents were born outside of the country (53 people).

In 2024, there were 6.97 times more White (Non-Hispanic) residents (1.09k people) in Parachute, CO than any other race or ethnicity. There were 156 Two Races Including Other (Hispanic) and 68 White (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

97.3%

2024 Citizenship

96.2%

2023 Citizenship

As of 2024, 97.3% of Parachute, CO residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Parachute, CO was 96.2%, meaning that the rate of citizenship has been increasing.

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

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Parachute, CO

White (Non-Hispanic)
1.09k ± 352
Two Races Including Other (Hispanic)
156 ± 254
White (Hispanic)
68 ± 61

18.8%

Hispanic Population

267 people

18.8% of the people in Parachute, CO are hispanic (267 people).

The following chart shows the 8 races represented in Parachute, 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

3.73%

2024 Foreign-Born Population

53 people

4.96%

2023 Foreign-Born Population

75 people

As of 2024, 3.73% of Parachute, CO residents (53 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 Parachute, CO was 4.96%, meaning that the rate has been decreasing.

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

Military

Veterans

Most Common Service Period

Gulf War (1990s)
16 ± 30
Gulf War (2001-)
10 ± 18
Vietnam
10 ± 23

Parachute, CO has a large population of military personnel who served in Gulf War (1990s), 1.6 times greater than any other conflict.

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

Economy

The economy of Parachute, CO employs 591 people. In 2024, the largest industries in Parachute, CO were Construction (86 people), Retail Trade (71 people), and Mining, Quarrying, & Oil & Gas Extraction (68 people), and the highest paying industries were Manufacturing ($92,955), Agriculture, Forestry, Fishing & Hunting, & Mining ($83,676), and Mining, Quarrying, & Oil & Gas Extraction ($83,676).

Employment

Occupations

591

2024 Value

± 168

−10.7%

1 Year decline

± 43%

From 2023 to 2024, employment in Parachute, CO declined at a rate of −10.7%, from 662 employees to 591 employees.

The most common job groups, by number of people living in Parachute, CO, are Sales & Related Occupations (112 people), Food Preparation & Serving Related Occupations (67 people), and Construction & Extraction Occupations (67 people). This chart illustrates the share breakdown of the primary jobs held by residents of Parachute, 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

591

2024 Value

± 168

−10.7%

1 Year decline

± 43%

From 2023 to 2024, employment in Parachute, CO declined at a rate of −10.7%, from 662 employees to 591 employees.

The most common employment sectors for those who live in Parachute, CO, are Construction (86 people), Retail Trade (71 people), and Mining, Quarrying, & Oil & Gas Extraction (68 people). This chart shows the share breakdown of the primary industries for residents of Parachute, CO, though some of these residents may live in Parachute, CO and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$51,389

Median earning men ± $8,674

$30,329

Median earning women ± $9,220

The industries with the best median earnings for men in 2024 are Manufacturing ($92,955), Agriculture, Forestry, Fishing & Hunting, & Mining ($83,456), and Wholesale Trade ($66,250).

The industries with the best median earnings for women in 2024 are Retail Trade ($35,850), Educational Services, & Health Care & Social Assistance ($29,643), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($24,712).

Housing & Living

The median property value in Parachute, CO was $271,400 in 2024, which is 0.816 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $269,500 to $271,400, a 0.705% increase. The homeownership rate in Parachute, CO is 50.7%, which is lower than the national average of 65.2%.

People in Parachute, CO have an average commute time of 36.9 minutes, and they drove alone to work. Car ownership in Parachute, CO is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$271,400

Median Property Value 2024

±$25,105

$262

Median Property Taxes

±$111

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 Parachute, CO the largest share of households pay taxes in the < $800 range.

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

Rent vs Own

50.7%

Homeownership

2024

53.6%

Homeowners with Mortgage

2024

In 2024, 50.7% of the housing units in Parachute, CO were occupied by their owner. This percentage declined from the previous year's rate of 51.7%.

This chart shows the percentage of owner in Parachute, 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.

$58,778

Median Household Income

± $16,117

517

Number of Households

± 147

In 2024, the median household income of the 517 households in Parachute, CO declined from $58,778 from the previous year's value of $58,910.

The following chart displays the households in Parachute, 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 $100k - $125k range.

Wage Distribution

The closest comparable wage GINI for Parachute, 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 (54.8%)
Carpooled (23.7%)
Worked At Home (15.5%)

In 2024, 54.8% of workers in Parachute, CO drove alone to work, followed by those who carpooled to work (23.7%) and those who worked at home (15.5%).

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

36.9 minutes

Average Travel Time

Using averages, employees in Parachute, CO have a longer commute time (36.9 minutes) than the normal US worker (26.4 minutes). Additionally, 7.58% of the workforce in Parachute, CO have "super commutes" in excess of 90 minutes.

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

Car Ownership

2 cars

Average Number

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

Poverty

Poverty & Diversity

27.5% of the population for whom poverty status is determined in Parachute, CO (390 out of 1.42k people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Males 25 - 34, followed by Males < 5 and then Females 35 - 44.

The most common racial or ethnic group living below the poverty line in Parachute, CO is White, followed by Hispanic and Two Or More.

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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