Income & Economy in Parachute, CO
Household income, poverty rates, employment, and economic data — 2023 ACS Data
Income Overview
Source: U.S. Census Bureau ACS (2023)Median Household Income
$58,910
-20% vs national
Per Capita Income
$26,986
-27% vs national
Poverty Rate
17.9%
+32% vs national
Gini Index
0.4113
0 = perfect equality
Unemployment
15.1%
+191% vs national
SNAP Recipients
34.9%
of households
How Parachute Compares
Source: Census ACS (2023)Parachute vs Similar Cities
Source: Census ACS (2023)Compared to cities with under 10,000 residents. Parachute is highlighted.
Median Household Income
Per Capita Income
Poverty Rate
Unemployment Rate
Where Do You Stack Up?
Enter your household income to see how you compare to other households in Parachute. The median household income here is $58,910.
Income Distribution
Source: U.S. Census Bureau ACS (2023)Employment Snapshot
Source: U.S. Census Bureau ACS (2023)Unemployment Rate
15.1%
+215% vs CO avg
Labor Force
780
Employed
662
How People Get to Work
Source: Census ACS (2023)Employment by Sector
Source: Census ACS (2023)Education & Workforce
Source: U.S. Census Bureau ACS (2023)Bachelor's Degree+
4.9%
of adults 25+
High School Diploma+
26.0%
of adults 25+
Median Age
26.8
Work from Home
12.7%
of workers
The median household income in Parachute, CO is $58,910, which is 19.5% below the national average of $73,224. Per capita income is $26,986. The poverty rate of 17.9% is higher than the CO state average of 11.0%. The Gini index of income inequality is 0.4113, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 15.1%, compared to the state average of 4.8%. 4.9% of adults hold a bachelor's degree or higher.