ExecutivePulse
Official Federal Data

Chaffee County, Colorado

FIPS 08015 · Population 20,178
9 Sources Updated June 22, 2026
$84,132
Median Income
$80,734 national
3.6%
Unemployment
4% national
$1.3B
GDP
47%
Bachelor's+
35.7% national

Demographics & Population

Census Bureau American Community Survey 2020-2024 · 5-Year Estimates

Household Income

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
Median Household
$84,132
Per Capita
$48,535
Mean Household
$105,166
Poverty Rate
8.3%
Median Income Comparison
Chaffee County$84,132
Colorado$95,470
National$80,734

Population Profile

Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
65+: 26.3% (5,307 residents) 55-64: 14.9% (3,010 residents) 35-54: 28.2% (5,698 residents) 18-34: 16.6% (3,359 residents) Under 18: 13.9% (2,804 residents) 49 Median Age
Cohorts
Under 18 · 13.9%
18-34 · 16.6%
35-54 · 28.2%
55-64 · 14.9%
65+ · 26.3%
Race & Ethnicity
White87.3%
Black or African American1.3%
Asian0.5%
Hispanic or Latino(any race)9.8%
Hispanic or Latino is an ethnic category and overlaps with the race categories above.

Educational Attainment

Source: Census Bureau ACS 2020-2024 · Table B15003 · Population 25+
94.7%
High School+
National: 89.6%
▲ +5.1 pts
47%
Bachelor's+
National: 35.7%
▲ +11.3 pts
18.7%
Graduate+
National: 14.1%
▲ +4.6 pts

Employment Overview

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
20,178
Population
9,899
Labor Force
Employed
9,375
Unemployment Rate BLS LAUS 2025 annual
3.6% ▼ 0.2 pts YoY
Mean Commute 8 min below national avg
18.1 min
Work From Home vs 15.1% national
24.5%
Key Takeaways
  • Talent advantage: Bachelor's-or-higher attainment exceeds the national average by 11.3 pts, supports knowledge-economy and tech attraction.
  • Aging population: Median age of 49 is materially above the U.S. norm; succession planning and senior-services demand are real factors.

Economy & Industry

Bureau of Labor Statistics QCEW · Bureau of Economic Analysis

$1.3B
Gross Domestic Product · 2024
Source: Bureau of Economic Analysis · CAGDP1 Regional GDP

Top Industries by Employment

Source: Bureau of Labor Statistics · Quarterly Census of Employment & Wages 2025 Annual
Top industries by employment in Chaffee County, Colorado, with employment, share of top sectors, and average wage
IndustryEmploymentShare of Top 10Avg Wage
1Accommodation and Food Services
1,671 28.2%
$33,206
2Retail Trade
1,402 23.7%
$39,938
3Construction
719 12.1%
$73,049
4Arts, Entertainment, and Recreation
550 9.3%
$27,941
5Professional, Scientific, and Technical Services
420 7.1%
$101,127
6Health Care and Social Assistance
356 6.0%
$52,507
7Other Services (except Public Administration)
231 3.9%
$49,966
8Wholesale Trade
224 3.8%
$59,116
9Finance and Insurance
211 3.6%
$69,646
10Real Estate and Rental and Leasing
144 2.4%
$46,299
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Key Takeaways
  • Largest sector: Accommodation and Food Services employs 1,671 workers (28.2% of tracked sectors), at an average wage of $33,206.
  • Economic scale: Regional GDP of $1.3B (2024).
  • Wage stratification: Professional, Scientific, and Technical Services averages $101,127 while Arts, Entertainment, and Recreation averages $27,941, a 3.6x spread in the same local economy, with implications for workforce development and talent strategy.
Source: BLS QCEW + BEA Regional GDP.
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Industry Concentration

Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.

Location Quotient Analysis

Concentrated Industries
Source: BLS QCEW · 3-digit NAICS sub-sector · Location Quotient vs. national employment share
Same source as the Top Industries table above, sub-sector view surfaces the specialization the supersector view masks (e.g., Plastics & Rubber Manufacturing inside the Manufacturing supersector).
Beverage and Tobacco Product Manufacturing
5.08x
100
Amusement, Gambling, and Recreation Industries
4.74x
543
Accommodation
4.22x
486
Heavy and Civil Engineering Construction
3.19x
227
Gasoline Stations and Fuel Dealers
2.50x
157
Building Material and Garden Supply Retailers
2.26x
186
Sporting Goods, Hobby, Musical Instrument, Book, and Misc. Retailers
2.20x
195
Construction of Buildings
1.64x
183
Food Services and Drinking Places
1.62x
1,185
Utilities
1.61x
58

Cluster Depth

Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Accommodation & Food Services Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
1,671
Cluster Employment
4.22x
Peak LQ
Concentrated Sub-Sectors
Beverage and Tobacco Product Manufacturing
5.08x 100
Amusement, Gambling, and Recreation Industries
4.74x 543
Accommodation
4.22x 486
Heavy and Civil Engineering Construction
3.19x 227
Gasoline Stations and Fuel Dealers
2.50x 157
Building Material and Garden Supply Retailers
2.26x 186
Sporting Goods, Hobby, Musical Instrument, Book, and Misc. Retailers
2.20x 195
Construction of Buildings
1.64x 183
Food Services and Drinking Places
1.62x 1,185
Utilities
1.61x 58

Attraction Opportunities

LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.37x
Ambulatory Health Care Services
200 employed
0.38x
Administrative and Support Services
192 employed
Key Takeaways
  • Top specialization: Beverage and Tobacco Product Manufacturing concentrates at 5.08x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity to site selectors.
  • Cluster depth: 10 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
  • Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment depending on labor-market fit.
Source: BLS QCEW sub-sector Location Quotients.
Chaffee County's Top Sectors by Workforce Share
Each rectangle's area is proportional to that sector's share of total private-sector employment across all NAICS supersectors. Hover for exact employment.
Source: Bureau of Labor Statistics QCEW 2025 Annual · Private sector, NAICS supersectors

Housing & Affordability

Census ACS · HUD Fair Market Rents FY2026

Housing Overview

Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$665,700
Median Home Value vs 2019
$1,611
Rent/Mo
74.1%
Owner-Occ
14.1%
Vacancy
7.9x
Home Value to Income Ratio - Stretched
vs. ~4.1x national average

HUD Fair Market Rents

Source: HUD · Fair Market Rents FY2026
Studio
$1,110/mo
1 Bedroom
$1,117/mo
2 Bedroom
$1,466/mo
3 Bedroom
$2,039/mo
4 Bedroom
$2,298/mo
30% of monthly median household income (~$2,103/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
  • Stretched market: Home value to income ratio of 7.9x is well above the ~4.1x national average; attainable workforce housing may be a recruitment friction.
  • High home ownership: 74.1% owner-occupied; rental supply may be tight for incoming workers.
  • Elevated vacancy: 14.1% vacancy rate. In resort, rural, and seasonal markets much of this is recreational/seasonal (second homes), not available supply; confirm the vacancy-by-reason split before treating it as a redevelopment opportunity.
  • Affordable rent tiers: 4 of 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$2,103/mo).
Source: Census ACS housing tables + HUD Fair Market Rents.

Workforce Pipeline

Labor force readiness, commuting, and workforce composition

Labor Market Overview

Source: Census ACS 2020-2024 · Tables B01001, B23025, B08303, B08301
12,067
Working Age (18-64) vs 2019
Mean Commute 8 min below national avg
18.1 min
Work From Home vs 15.1% national
24.5%
Prime-Age Employed (25-54)
78.7%
of prime-age population
Labor force participation rate: 57% of working-age population (18-64) 57% Participation
▲ vs 2019

Education & Talent Pipeline

Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
47%
HS Diploma+
94.7%
Regional / Statewide Institutions
Total credentials awarded
40,234/yr
University of Colorado Boulder 9,646/yr
Colorado State University-Fort Collins 7,956/yr
Colorado Technical University-Colorado Springs 7,631/yr
University of Colorado Denver/Anschutz Medical Campus 5,700/yr
Front Range Community College 5,675/yr
Metropolitan State University of Denver 3,626/yr

Aging Workforce

Source: Census Bureau ACS · Derived from age & employment tables
24.9%
55-64 of working-age population (18-64)
Elevated retirement risk, above the 20% threshold. Succession planning recommended.

Workforce by Occupation

Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
54.8%
Service
15.1%
Sales & Office
14.5%
Construction / Maint.
11%
Production / Transport
4.6%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 9,375 employed workers.
Key Takeaways
  • Succession risk is real: 24.9% of working-age residents are 55-64. Plan for retirements over the next decade and pair attraction strategy with talent retention.
  • Low participation: 57% labor force participation suggests untapped capacity; workforce development programs may unlock supply.
  • Short commutes: 18.1-minute mean commute is a quality-of-life and labor-access advantage worth surfacing for site selectors.
  • Talent pipeline: 6 regional institutions feed the workforce; the top three combined produce 25,233 annual credentials.
Source: ACS workforce data and College Scorecard.

AI Insights

AI-assisted analysis, drawn from 9 federal data sources

Sample AI Insight

Chaffee County shows strong potential for beverage and tobacco product manufacturing attraction, with a 5.08x concentration and 100 jobs in this sub-sector. It ranks in the top decile nationally. Near-term succession risk is elevated, with 24.9% of the working-age population within 10 years of retirement age.

The interconnected base across beverage and tobacco product manufacturing, amusement, gambling, and recreation industries, and accommodation creates supply-chain attraction leverage rather than single-employer risk, a structural advantage for industrial recruitment.

Industry Shift Analysis

Manufacturing Automation Risk
High
Healthcare Growth Forecast
+4.2% CAGR
Remote Work Migration
67/100

Prospect Match Scores

Advanced Manufacturing
92/100
Life Sciences
84/100
Data Centers
71/100
Illustrative example

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Data Sources

Updated from official federal government data.

Census ACS 5-Year2024
BLS QCEW2025 annual
BLS LAUS (via FRED)2025 annual
BEA Regional GDP2024
Census CBP2023
HUD Fair Market RentsFY2026
FCC Broadband Map2024
USAspending.govFY2026
College ScorecardAY 2022-23

Frequently Asked Questions

Key economic and demographic figures for Chaffee County, Colorado, from federal data sources.

What is the population of Chaffee County, Colorado?

20,178 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the median household income in Chaffee County, Colorado?

$84,132 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the unemployment rate in Chaffee County, Colorado?

3.6% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).

What is the GDP of Chaffee County, Colorado?

$1.3B (U.S. Bureau of Economic Analysis, CAGDP1).