The Town of Severance had a population of 5,705 as of July 1, 2019.
The primary coordinate point for Severance is located at latitude 40.5241 and longitude -104.8511 in Weld County. The formal boundaries for the Town of Severance encompass a land area of 6.12 sq. miles and a water area of 0.1 sq. miles. Weld County is in the Mountain time zone (GMT -7). The elevation is 4,888 feet.
The Town of Severance (GNIS ID: 2413272) 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 Severance is located within Windsor Division of Weld County.
HOUSING AFFORDABILITY INDEX
|Severance, CO Housing Affordability Index is 115 |
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.|
|Severance, CO Wealth Index is 121 |
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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|Population in Households||5,705|
|Population in Families||5,102|
|Population in Group Qrtrs||0|
|Median Household Income||$89,800|
|Average Household Income||$104,311|
|Per Capita Income||$37,121|
|Total Housing Units||2,007 (100%)|
|Owner Occupied HU||1,830 (91.2%)|
|Renter Occupied HU||160 ( 8.0%)|
|Vacant Housing Units||17 ( 0.8%)|
|Median Home Value||$421,144|
|Housing Affordability Index2||115|
|Average Household Size||2.87|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.28%|
|Per Capita Income||2.63%|
The table below compares Severance 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.
|Total Population||# 108||77th|
|Population Density||# 254||45th|
|Diversity Index||# 316||31st|
|Median Household Income||# 84||82nd|
|Per Capita Income||# 148||68th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Colorado Census Data Comparison Tool.