Penrose, Colorado Demographics & Population 2026
During the 2020–2024 ACS period, Penrose, Colorado had a total population of 4,087, the 128th largest community in Colorado, with a median household income of $88,109, which is 8% lower than the state average. The poverty rate is 11.3%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Penrose Quick Facts
How Penrose Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 3,978 | 4,087 | +2.7% |
| Median household income | $75,109 | $88,109 | +17.3% |
| Median home value | $276,100 | $308,800 | +11.8% |
How Penrose Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 52 | National average: 61
Education
Educational Attainment (Adults 25+)
Penrose Rankings in Colorado
Explore Colorado Rankings
Other Cities in Fremont County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Cañon City | 17,122 | $64,787 | 13.4% | $316,100 |
| Lincoln Park | 3,986 | $60,036 | 13.9% | $295,800 |
| Florence | 3,885 | $50,262 | 12.2% | $249,700 |
| Park Center | 2,588 | $72,212 | 11.5% | $386,200 |
| Howard | 966 | $60,386 | 0.0% | $474,600 |
| Williamsburg | 770 | $50,250 | 23.8% | $227,000 |
| Rockvale | 695 | $46,250 | 10.9% | $191,200 |
| Coaldale | 538 | N/A | 19.9% | $383,300 |
| Coal Creek | 324 | $34,000 | 24.4% | $199,000 |
| Brookside | 276 | $62,813 | 10.1% | $357,100 |
Cities Similar to Penrose
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Silt | 3,642 | $93,690 | $446,900 | 21.7% | 2.6% |
| Basalt | 4,335 | $105,855 | $1,180,300 | 57.2% | 7.3% |
| Manitou Springs | 4,735 | $85,000 | $561,200 | 57.2% | 11.2% |
| Vail | 4,613 | $98,893 | $1,400,700 | 69.6% | 6.4% |
| Monte Vista | 4,141 | $61,684 | $224,500 | 37.2% | 30.9% |
Population Overview
Penrose is a small community located in Colorado, within Fremont County. The total population is 4,087. It ranks as the 128th most populous out of 472 Census-designated places in Colorado.
Age Demographics
The median age in Penrose is 43.7 years. This is 16% higher than the state median of 37.7 years.
Economy, Income & Housing
The median household income in Penrose is $88,109. This is 8% lower than the state median of $95,470. It is also 9% higher than the national median of $80,734. The poverty rate stands at 11.3%. This is 20% higher than the state poverty rate of 9.4%. The unemployment rate is 7.1%. This is 54% higher than the state rate of 4.6%. The median home value is $308,800. Housing costs are 43% lower than the state median of $539,400. The home-value-to-income ratio is 3.5x. 82.0% of occupied housing units are owner-occupied. This homeownership rate is 24% higher than the state average of 66.2%.
Race & Ethnicity
The largest racial or ethnic group in Penrose is White (non-Hispanic), making up 80.2% of the population. Hispanic or Latino residents account for 11.4%. The Black or African American population (0.2%) is well below the state average of 3.8%. The Asian population (0.3%) is well below the state average of 3.2%.
Education
31.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 31% lower than the state rate of 45.7%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.5%. Notably, 15.6% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Penrose, Colorado is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Colorado state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 472 Census-designated places in Colorado. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Penrose, Colorado?
Penrose, Colorado has a population of 4,087 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Penrose, CO?
The median household income in Penrose is $88,109, which is 9% higher than the national median of $80,734.
What is the poverty rate in Penrose, CO?
The poverty rate in Penrose is 11.3%. This means approximately 459 residents live below the federal poverty line.
What is the racial makeup of Penrose, Colorado?
Penrose's population is 80.2% White, 0.2% Black, 11.4% Hispanic/Latino, and 0.3% Asian.
What is the median home value in Penrose, CO?
The median home value in Penrose is $308,800. The home-value-to-income ratio is 3.5x.
How educated is Penrose, Colorado?
31.4% of adults (25+) in Penrose hold a bachelor's degree or higher, and 15.6% hold a graduate or professional degree.