Aspen is a somewhat small city located in the state of Colorado. With a population of 6,949 people and three constituent neighborhoods, Aspen is the 71st largest community in Colorado.
Aspen home prices are not only among the most expensive in Colorado, but Aspen real estate also consistently ranks among the most expensive in America.
Aspen is a decidedly white-collar city, with fully 91.61% of the workforce employed in white-collar jobs, well above the national average. Overall, Aspen is a city of sales and office workers, professionals, and service providers. There are especially a lot of people living in Aspen who work in sales jobs (22.03%), management occupations (11.62%), and food service (9.31%).
Of important note, Aspen is also a city of artists. Aspen has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Aspen’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.61% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Another notable thing is that Aspen is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the city’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.
Compared to the rest of the country, citizens of Aspen spend much less time in their cars: on average, their commute to work is only 14.54 minutes. This also means that noise and pollution levels in the city are less than they would otherwise be.
Even though Aspen is a smaller city, it has many people who hop on public transportation – mostly the bus for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.
If knowledge is power, Aspen is a pretty powerful place. 65.91% of the adults in Aspen have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Aspen in 2018 was $71,707, which is wealthy relative to Colorado and the nation. This equates to an annual income of $286,828 for a family of four.
Aspen is a somewhat ethnically-diverse city. The people who call Aspen home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Aspen residents report their race to be White, followed by Asian. Important ancestries of people in Aspen include German, Irish, English, Italian, and Scottish.
The most common language spoken in Aspen is English. Other important languages spoken here include Spanish and Polish.