Lake Colorado City, TX
Full City Profile · Texas · Mitchell County County
Lake Colorado City, TX
At a Glance
How Lake Colorado City Compares to the U.S. Average
Each bar shows Lake Colorado City's value as a percentage of the national average (100% = U.S. avg)
Is Lake Colorado City a Good Place to Live?
Economy & Jobs
Lake Colorado City residents earn a median household income of $54,286 , which is 28% below the national average of $75,149. Per capita income is $35,898. The unemployment rate stands at 2.3% (36% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 180 business establishments, including 19 restaurants.
Housing & Cost of Living
The median home value in Lake Colorado City is $53,300 , 81% below the national median of $281,900. Zillow estimates the typical home at $98,176. Median rent is $435/month, with 12.9% of renters spending more than 30% of income on housing. The cost of living index is 97.1 (100 = national average). The median home was built in 1969.
Education
11.5% of adults in Lake Colorado City hold a bachelor's degree or higher (66% below the national average). 72.1% have completed high school. Local schools score 4.7/10 in standardized testing.
Climate & Weather
Lake Colorado City has an average annual temperature of 64°F (18°C). Winters average 43°F in January while summers reach 84°F in July. Annual precipitation totals 22.0 inches.