Basalt, CO Profile: Facts & Data

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Basalt, Colorado - Basic Facts

The Town of Basalt had a population of 4,385 as of July 1, 2019. Basalt ranks in the upper quartile for Population Density and 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 Basalt is located at latitude 39.3689 and longitude -107.0328 in Eagle County. The formal boundaries for the Town of Basalt encompass a land area of 2 sq. miles and a water area of 0.01 sq. miles. Eagle County is in the Mountain time zone (GMT -7). The elevation is 6,611 feet.

While the primary coordinates for Town of Basalt are located in Eagle County, it should be noted that the formal boundaries for this community also extend into and Pitkin County.

The Town of Basalt (GNIS ID: 2411665) 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 Basalt is located within Basalt Division of Eagle County.

Alternate Unofficial Names for Basalt: Aspen Junction, Eagle, Frying Pan City.

Jump to... (On This Page!)
  1. Basalt 2019 Demographic Data
  2. Growth Rates for Basalt (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Colorado Research Tools (Easy Tools & Current Data)
  3. Colorado Data Comparison Tool - 2019 Demographics

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Basalt, CO Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Basalt, CO Housing Affordability Index is 66
State of Colorado Housing Affordability Index is 97
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.

WEALTH INDEX

Basalt, CO Wealth Index is 112
State of Colorado Wealth Index is 111
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.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Colorado COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 4,385
Population in Households 4,385
Population in Families 3,233
Population in Group Qrtrs 0
Population Density 2,194
Diversity Index1 65
 

INCOME

Median Household Income $68,868
Average Household Income $97,259
Per Capita Income $36,670
Wealth Index3 112

HOUSING

Total Housing Units 2,011 (100%)
Owner Occupied HU 1,311 (65.2%)
Renter Occupied HU 514 (25.6%)
Vacant Housing Units 186 ( 9.2%)
Median Home Value $569,120
Housing Affordability Index2 66
 

HOUSEHOLDS

Total Households 1,825
Average Household Size 2.4
Family Households 1,125
Average Family Size 3
NOTES
  1. 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 race 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.
  2. 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.
  3. 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

2010-2019 2019-2024
Population 1.4% 1.37%
Households 1.43% 1.33%
Families 2.19% 1.33%
Median Household Income   1.32%
Per Capita Income   1.8%

Basalt, CO - Peer Comparisons by Rank and Percentile

The table below compares Basalt to the other 458 incorporated cities, towns and CDPs in Colorado by rank and percentile using July 1, 2019 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 # 121 74th
Population Density # 70 85th
Diversity Index # 80 83rd
Median Household Income # 155 66th
Per Capita Income # 155 66th

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

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