80516 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Boulder County
Centroid: Latitude 40.056, Longitude -105.026
Time Zone: Mountain Time Zone (UTC -7 hours)
Observes DST: Yes

ZIP Code 80516 has segments in 2 Counties (Boulder, Weld).

Businesses Addresses: 674
PO Box Addresses: 725
Residential Addresses: 11,265

Multi-Family Addresses: 408
Single Family Addresses: 10,857

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: November 4, 2020.

Erie, CO 80516 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	32,452 (100%)
Population in Households	32,450 (100.0%)
Population in Families	28,582 (88.1%)
Population in Group Quarters¹	2 ( 0.0%)
Population Density	806
Diversity Index²	41


INCOME
Median Household Income	$123,268
Average Household Income	$148,675
% of Income for Mortgage⁴	16%
Per Capita Income	$52,155
Wealth Index⁵	199

HOUSING
Total HU (Housing Units)	11,675 (100%)
Owner Occupied HU	10,349 (88.6%)
Renter Occupied HU	1,035 ( 8.9%)
Vacant Housing Units	291 ( 2.5%)
Median Home Value	$480,017
Average Home Value	$546,323
Housing Affordability Index³	154

HOUSEHOLDS
Total Households	11,384
Average Household Size	2.85
Family Households	8,918
Average Family Size	3

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.

Erie, CO 80516 - Peer Comparisons by Rank and Percentile

The table below compares 80516 to the other 514 ZIP Codes 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.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	4.86%	3.0%
Households	4.86%	3.04%
Families	4.68%	2.9%
Median Household Income		1.8%
Per Capita Income		2.34%
Owner Occupied HU		3.2%

Variable Description	Rank	Percentile
Total Population	# 68	87th
Population Density	# 124	76th
Median Household Income	# 12	98th
Housing Affordability Index	# 378	74th
Per Capita Income	# 60	89th
Diversity Index	# 223	57th

Erie, CO 80516 ZIP Code Profile

ZIP Code 80516: Basic Data & USPS Preferred City Name

Erie, CO 80516 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Erie, CO 80516 - Peer Comparisons by Rank and Percentile

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