Hugo, Colorado Median Income

Hugo, Colorado has a population of 730, with a median household income of $47,000.

Current median income data for Hugo.

$47,000

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Population

730

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Median Income

$47,000

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Unemployment

6.90%

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Housing Price

$180,000

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Crime Rate

30.00

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Internet Speed

90.00 Mbps

Hugo is a small local community located in Colorado. The city has a population that is below the average city population in Colorado, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Hugo, located in Colorado, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Hugo has a population of 730, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Hugo is $47,000, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Hugo is about $180,000, making it relatively affordable compared to many cities in Colorado.

Employment and Safety

The unemployment rate in Hugo is 6.90%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Hugo are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Colorado, Hugo shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Hugo offers a balanced mix of economic conditions, population trends, and housing opportunities within Colorado.

Frequently Asked Questions about Hugo

What is the population of Hugo?

The population of Hugo is approximately 730.

Is Hugo a good place to live?

Hugo offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Hugo?

The median household income in Hugo is around $47,000.

How expensive is housing in Hugo?

The average housing price in Hugo is approximately $180,000.