Simla, CO Profile: Facts & Data

The Town of Simla had a population of 569 as of July 1, 2024. Simla ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Colorado. See peer rankings below.

The primary coordinate point for Simla is located at latitude 39.1417 and longitude -104.0838 in Elbert County. The formal boundaries for the Town of Simla encompass a land area of 0.57 sq. miles and a water area of 0 sq. miles. Elbert County is in the Mountain time zone (GMT -7).

The Town of Simla has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Colorado is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Simla is located within Simla Division of Elbert County.

Simla, CO Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	569 (100%)
Population in Households	549 (96.5%)
Population in Families	440 (77.3%)
Population in Group Quarters¹	20 ( 3.5%)
Population Density	923
Diversity Index²	31


INCOME
Median Household Income	$65,330
Average Household Income	$107,415
% of Income for Mortgage⁴	54%
Per Capita Income	$40,079
Wealth Index⁵	120
Socioeconomic Status Index⁶	Moderate (53.6)

HOUSING
Total HU (Housing Units)	254 (100%)
Owner Occupied HU	165 (65.0%)
Renter Occupied HU	47 (18.5%)
Vacant Housing Units	42 (16.5%)
Median Home Value	$563,406
Average Home Value	$618,788
Housing Affordability Index³	48

HOUSEHOLDS
Total Households	212
Average Household Size	2.59
Family Households	144
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Simla, CO - Peer Comparisons by Rank and Percentile

The table below compares Simla to the other 482 incorporated cities, towns and CDPs in Colorado by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-1.28%	-0.28%
Households	0.22%	-0.09%
Families		0.82%
Median Household Income		3.73%
Per Capita Income		3.32%
Owner Occupied HU		0.83%

Variable Description	Rank	Percentile
Total Population	# 273	43rd
Population Density	# 209	57th
Median Household Income	# 320	34th
Housing Affordability Index	# 139	29th
Per Capita Income	# 277	43rd
Diversity Index	# 404	16th

Simla, CO Profile: Facts & Data

Simla, Colorado - Basic Facts

Simla, CO Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Simla, CO - Peer Comparisons by Rank and Percentile

Simla, CO - Most Popular Things to Do

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