1st Advantage MortgageIn Teller County, Colorado, the typical household earns $85,361 a year and the typical rent is $1,880. A loan makes sense only if its total cost beats your alternatives and the payment fits your budget. Check the lender's Colorado license first.
On this page
- Teller County, CO: the basics
- How much Teller County households make
- Renting and owning in Teller County
- How Teller County residents earn a living
- Teller County next to its neighbors
- Places inside Teller County
- Budget math at the Teller County median
- More Teller County figures
- Before borrowing in Teller County
- Licensing and complaints for Teller County
- Before you sign
- More guides for Teller County
- Frequently asked questions
Teller County, CO: the basics
With an estimated 24,825 residents (ACS 2020 to 2024), Teller County ranks 24th of 64 in Colorado for population. It covers 557 square miles of land, or about 45 people per square mile. The federal metro definitions (OMB, July 2023) place it in the Colorado Springs, CO metropolitan area. Woodland Park is the biggest of its 8 Census places, at roughly 7,949 people (32% of the county total).
How much Teller County households make
The median household income in Teller County is $85,361; statewide it is $95,470, so Teller County runs 11% below Colorado as a whole. In the state ranking that is 24th of 64.
| Household income | Teller County | vs Colorado |
|---|---|---|
| Under $35,000 | 15.6% | -0.7 pts |
| $35,000 to $99,999 | 42.6% | +6.8 pts |
| $100,000 to $199,999 | 30.9% | +0.1 pts |
| $200,000 or more | 10.8% | -6.2 pts |
The spread is wide: 42% of Teller County households make $100,000 or more, and 16% make less than $35,000. The poverty rate is 7.6%, 2 points lower than the state's 9.4%. The Gini index of income inequality is 0.426 (0 is perfect equality). Income from any regular source can count, including Social Security, pensions and disability benefits, as long as you can document it.
Renting and owning in Teller County
Median gross rent, utilities included, comes to $1,880 in Teller County versus $1,761 statewide. 55% of renting households spend 30% or more of income on rent, and 27% spend half or more. Home values center on $479,900, or 5.6 years of median income. The ownership rate is 81%. Half the housing stock was built before 1990.
| Cost | Teller County | Colorado figure | Median county, U.S. |
|---|---|---|---|
| Median gross rent | $1,880/mo | $1,761/mo | $877/mo |
| Median home value | $479,900 | $539,400 | $185,300 |
| Owners | 81% | 66% | 75% |
| Rent-burdened renters | 55% | 53% | 45% |
| Burdened owners | 39% | 30% | n/a |
Because most Teller County households own, home repairs are a frequent reason to borrow. An unsecured personal loan leaves the house out of the deal, while a HELOC uses it as collateral. High rent burdens leave little slack. If you are borrowing to consolidate, make sure the new payment is lower than the ones it replaces.
How Teller County residents earn a living
By the Census industry count, 23% of employed Teller County residents work in education and health care and 14% in professional and administrative services. Arts, lodging and food service stands out: 13% of workers here, versus 9% statewide. Averaged over the five survey years, 3.7% of the labor force was out of work and looking. 30% of commuters travel 45 minutes or more each way, and 20% work from home.
| Industry (employed residents 16+) | Teller County | Gap to Colorado |
|---|---|---|
| Education and health care | 22.6% | +0.8 pts |
| Professional and administrative services | 14.0% | -1.6 pts |
| Arts, lodging and food service | 13.0% | +4.0 pts |
| Retail trade | 8.4% | -1.8 pts |
| Other services | 6.7% | +1.9 pts |
| Construction | 6.6% | -1.4 pts |
Industry shapes paperwork. Salaried and public jobs are easy to verify, while hourly, tipped, commission or contract earners in Teller County should have bank statements and tax returns ready.
Teller County next to its neighbors
Fremont County is closest, 31 miles from center to center; the sixth, Custer County, is 54 miles off. Income ranges from $62,664 in Fremont County to $149,594 in Douglas County; 4 of these neighbors top Teller County's median.
| Adjacent area | How far | HH income (median) | Rent (median) | Owner share |
|---|---|---|---|---|
| Teller County | - | $85,361 | $1,880/mo | 81% |
| Fremont County, CO | 31 mi | $62,664 | $1,070/mo | 76% |
| Park County, CO | 33 mi | $103,670 | $2,161/mo | 86% |
| Douglas County, CO | 34 mi | $149,594 | $2,193/mo | 77% |
| El Paso County, CO | 36 mi | $90,363 | $1,696/mo | 66% |
| Jefferson County, CO | 49 mi | $110,656 | $1,861/mo | 71% |
| Custer County, CO | 54 mi | $72,674 | $1,069/mo | 85% |
Places inside Teller County
The table lists the 8 largest of 8 Census places in Teller County, by population. Together all 8 hold about 10,372 people, so roughly 58% of residents live outside any named place. This guide covers each of the 8 places and the rural areas around them.
| Place | Type | Population | Median income | Median rent | From county center |
|---|---|---|---|---|---|
| Woodland Park | city | 7,949 | $99,238 | $2,007 | 11 mi |
| Cripple Creek | city | 955 | $41,840 | $1,048 | 9 mi |
| Green Mountain Falls | town | 459 | $101,827 | $1,699 | 10 mi |
| Victor | city | 388 | $55,521 | $945 | 11 mi |
| Florissant | CDP | 192 | $96,173 | n/a | 8 mi |
| Midland | CDP | 182 | $87,176 | n/a | 3 mi |
| Goldfield | CDP | 160 | n/a | n/a | 11 mi |
| Divide | CDP | 87 | n/a | n/a | 5 mi |
CDPs are unincorporated communities the Census Bureau defines for counting.
Budget math at the Teller County median
Teller County at the medians, through a lender's eyes (what DTI means):
- Monthly gross at the median, Teller County: $7,113
- Less median rent of $1,880, which is 26% of it
- Under a 40% cap, $2,845 total minus rent leaves $965
Lenders set their own limits and look beyond the ratio. The DTI calculator uses your figures instead of Teller County's.
More Teller County figures
38% of Teller County adults 25 and older hold a bachelor's degree or more. 6.9% of residents have no health coverage.
| Residents | Teller County | Colorado | Middle U.S. county |
|---|---|---|---|
| Median age | 52.2 | 37.7 | 41.5 |
| Bachelor's or higher | 37.9% | 45.7% | 22.2% |
| No high school diploma | 3.8% | 7.1% | n/a |
| No health insurance | 6.9% | 7.7% | 7.8% |
| No vehicle | 3.1% | 5.2% | 5.4% |
| Work from home | 20.5% | 21.0% | 8.7% |
| Poverty rate | 7.6% | 9.4% | 13.2% |
| Unemployment (ACS) | 3.7% | 4.6% | 4.4% |
| Travel time to work | Workers |
|---|---|
| Under 15 min | 28.0% |
| 15 to 29 min | 18.1% |
| 30 to 44 min | 23.7% |
| 45 to 59 min | 16.7% |
| 60+ min | 13.5% |
Before borrowing in Teller County
What the Teller County figures suggest, and what to check first:
- Long drives. With 30% of commutes over 45 minutes, tires and repairs are fixed costs in many Teller County budgets.
- Retirees. At a median age of 52.2, many borrowers here rely on award letters as proof of income; favor no prepayment penalty.
- Strong incomes, long terms. 42% of Teller County households earn $100,000+. The risk is a term that outlasts the need.
- Tight rental budgets. With 55% of Teller County renters cost-burdened, test a new payment against a lean month.
Licensing and complaints for Teller County
Before sharing details with a lender, a Teller County resident can confirm its license with the Colorado Division of Banking. The Colorado Attorney General's office, which administers the state's Uniform Consumer Credit Code handles consumer-credit questions as well. Banks and credit unions have their own regulators, and the CFPB takes complaints about any lender. The Colorado guide covers state rules in more detail.
Before you sign
Before you apply, wherever you live in Teller County:
- Get a written quote for whatever you are paying for in Teller County.
- Prequalify with soft pulls where offered, then compare in writing.
- Check the license, then the reviews, then the offer.
- Read the final agreement; it must match the offer.
More guides for Teller County
For statewide rules and data, see the Colorado guide.
Frequently asked questions
Is Teller County a high-income county?
Its $85,361 median ranks 24th of 64 Colorado counties and compares with $65,681 for the median U.S. county.
What do renters pay in Teller County?
$1,880 a month at the median, about 26% of median household income.
I own my home in Teller County. Personal loan or HELOC?
A HELOC uses the house as collateral; a personal loan usually does not. With 81% of homes owner-occupied here, many readers can compare both in writing.
What are the biggest places in Teller County?
By population: Woodland Park, Cripple Creek, Green Mountain Falls, Victor, Florissant. The county has 8 Census places in all.
Can Teller County residents use the questionnaire?
Yes. It asks the same questions in every Colorado county, lists every requirement up front and does not affect your credit score.