How many renters in Parachute, CO pay more than 30% of their income on rent?

46.6% (±20.4 points) of renting households in Parachute, CO spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).

43.0% spend 35% or more.

The median renting household spends 24.7% of its income on rent.

Figures last updated on .

Paying 30% or more
46.6% (±20.4 points)
Paying 35% or more
43.0% (±19.9 points)
Median share of income
24.7% (±19.7 points)

Rent as a share of income in Parachute

Renting households by gross rent as a percentage of household income, 2020–2024
Share of income spent on rentParachuteGarfield CountyColoradoUnited States
Less than 15%4.8% (±4.6 points)12.1%9.7%12.6%
15% to 19.9%36.7% (±19.9 points)16.3%11.3%12.2%
20% to 24.9%9.2% (±8.1 points)12.7%13.0%12.6%
25% to 29.9%2.8% (±4.6 points)12.7%13.1%11.5%
30% to 34.9%3.6% (±4.5 points)11.2%10.1%9.2%
35% or more43.0% (±19.9 points)35.0%42.7%41.9%

Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.

Parachute against Garfield County, its state and the nation

Estimate (90% margin of error)
ParachuteGarfield CountyColoradoUnited States
Paying 30% or more46.6% (±20.4 points)46.2% (±6.8 points)52.8% (±0.5 points)51.1%
Paying 35% or more43.0% (±19.9 points)35.0% (±5.4 points)42.7% (±0.4 points)41.9%
Median share of income24.7% (±19.7 points)28.5% (±2.2 points)31.4% (±0.2 points)30.6%
Median renter household income—$68,663 (±$5,259)$63,537 (±$555)$52,966
Median gross rent$1,073 (±$156)$1,637 (±$107)$1,761 (±$7)$1,413

In Parachute, the share of renters paying 30% or more of income is not measurably different from Garfield County (46.2%).

It is not measurably different from Colorado (52.8%).

It is not measurably different from the national figure (51.1%).

In Garfield County, Parachute ranks 4 of 7 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.

Statewide, it ranks 201 of 333.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Renters paying 30% or more of income in places near Parachute

Nearest places with a published estimate, compared with Parachute
PlaceDistanceRenters paying 30% or more of incomeCompared with this place
Parachute—46.6% (±20.4 points)—
Battlement Mesa2.6 mi26.2% (±24.1 points)Not measurably different
De Beque12 mi33.3% (±69.9 points)Not measurably different
Collbran15 mi80.0% (±67.7 points)Not measurably different
Rifle16 mi39.3% (±13.8 points)Not measurably different
Silt22 mi51.2% (±27.7 points)Not measurably different
Palisade29 mi60.0% (±24.1 points)Not measurably different
New Castle29 mi70.2% (±23.3 points)Not measurably different
Fruitvale33 mi28.5% (±21.6 points)Not measurably different

None of the nearby places differs measurably from this one on this figure.

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Renters paying 30% or more of income across Garfield County, place by place

RankPlaceRenters paying 30% or more of income
1New Castle70.2% (±23.3 points)
2Silt51.2% (±27.7 points)
3Glenwood Springs47.6% (±12.2 points)
4Parachute46.6% (±20.4 points)
5Carbondale42.8% (±12.6 points)
6Rifle39.3% (±13.8 points)
7Battlement Mesa26.2% (±24.1 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about Parachute

Are renters in Parachute rent-burdened?

46.6% of renting households in Parachute pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).

What share of income do renters in Parachute spend on rent?

The median renting household in Parachute, CO spends 24.7% (±19.7 points) of its household income on gross rent.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Parachute town, Colorado (place:57400, in state:08).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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