Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Employment
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Ratings
Based on recent surveys and polls, locals gave high marks in the walkability to local amenities, safety, public transit, friendliness of neighbors and overall sense of community in the area.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Located in the state of Colorado, Penrose is a smaller city with a population of 3,185 people. If we look at the most recent Census, Penrose is known to have a predominantly White population. The next two most common races are Black and Asian. Penrose has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 74% of the population is classified as married and 34% have kids. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Penrose entails a longer-than-average one-way commute time, averaging 38 minutes.
Are you trying to ascertain if living in Penrose is the right fit for your lifestyle? To ensure a good experience before moving to any new city in Colorado, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. Finding the best places to live in Penrose and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes crime, health & safety, employment and other important metrics.
Penrose has a livability score of 68/100 and is ranked #120 in Colorado and #8,009 in the USA. For each of the livability categories, we can establish that Penrose ranks very well for crime (B-), cost of living (A), employment (A-) and housing (A+). Regrettably for Penrose, there are some categories for which it does not rank well, this includes: amenities (F) and education (D-).
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Penrose excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Penrose real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Penrose. The median home price for Penrose homes is $221,100, which is 16.4% lower than the Colorado average. If we take a closer look at the affordability of homes in Penrose, we’ll see that the home price to income ratio is 2.7, which is 35.7% lower than the Colorado average.
| Statistic | Penrose | Colorado | National |
| Average one way commute | 38min | 25min | 26min |
| Workers who drive to work | 80.6% | 75.2% | 76.4% |
| Workers who carpool | 6.8% | 9.3% | 9.3% |
| Workers who take public transit | 0.0% | 3.1% | 5.1% |
| Workers who bicycle | 0.0% | 1.3% | 0.6% |
| Workers who walk | 2.2% | 3.0% | 2.8% |
| Working from home | 7.9% | 7.0% | 4.6% |
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