Apartments for rent in Parachute, CO

A small town located in Colorado, Parachute has a population of just over 1,000. Families with young children are a common sight, as kids under 5 make up an above-average percentage of the population, while retirees are less well-represented. With an average age of just over 34, the town's residents skew notably younger than most cities in Colorado. Most residents rent in Parachute, and 43% of residents are homeowners. With a relatively affordable average rent of $848/month in the town, renting remains an affordable option, particularly compared to other cities in Colorado. Each month, renters in Parachute will save around $343 compared to the state average.

With an average commute time of about 31 minutes, longer than most cities in the state, Parachute residents have found that traveling to work takes some patience. Driving a car or truck is the most common means of commuting to work, chosen by 39% of commuters, while public transportation isn't used widely. Relatively few residents commute to work on foot.

There are three primary industries in Parachute: retail, construction, and agriculture. Combined, these industries account for 20% of the workforce in the town. With an average annual income of about $47,000, Parachute workers earn less than the average Colorado resident. Parachute's average income also falls below the national average ($73,345). Compared to the national average (5%), Parachute has a large percentage of residents over the age of 25 with an Associate's degree (9%). Furthermore, 4% have a Bachelor's degree and 2% possess a Master's or Doctoral degree.