City of Creede town, CO Profile: Facts & Data

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City of Creede town, Colorado - Basic Facts

The Town of the City of Creede had a population of 339 as of July 1, 2020. City of Creede town 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 City of Creede town is located at latitude 37.8486 and longitude -106.9252 in Mineral County. The formal boundaries for the Town of the City of Creede encompass a land area of 0.92 sq. miles and a water area of 0 sq. miles.

The Town of the City of Creede (GNIS ID: 2412384) 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 the City of Creede is located within Creede Division of Mineral County.

Alternate Unofficial Names for City of Creede town: City of Creede, Town of Creede.

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City of Creede town, CO Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 339 (100%)
Population in Households 339 (100.0%)
Population in Families 257 (75.8%)
Population in Group Quarters1 0
Population Density 357
Diversity Index2 16
 
 

INCOME

Median Household Income $53,961
Average Household Income $77,152
% of Income for Mortgage4 25%
Per Capita Income $39,322
Wealth Index5 108
 

HOUSING

Total HU (Housing Units) 292 (100%)
Owner Occupied HU 160 (54.8%)
Renter Occupied HU 28 ( 9.6%)
Vacant Housing Units 103 (35.3%)
Median Home Value $318,571
Average Home Value $380,660
Housing Affordability Index3 109
 

HOUSEHOLDS

Total Households 189
Average Household Size 1.79
Family Households 114
Average Family Size 2
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 1.53% 1.21%
Households 1.7% 1.34%
Families 4.17% 1.2%
Median Household Income   0.92%
Per Capita Income   2.0%
Owner Occupied HU   1.46%

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City of Creede town, CO - Peer Comparisons by Rank and Percentile

The table below compares City of Creede town to the other 459 incorporated cities, towns and CDPs in Colorado by rank and percentile using July 1, 2020 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.

Variable Description Rank Percentile
Total Population # 313 32nd
Population Density # 323 30th
Median Household Income # 292 37th
Housing Affordability Index # 177 39th
Per Capita Income # 137 70th
Diversity Index # 419 9th

Additional comparisons and rankings can be made with a VERY EASY TO USE Colorado Census Data Comparison Tool.

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