Basalt is a very small town located in the state of Colorado. With a population of 3,921 people and two constituent neighborhoods, Basalt is the 94th largest community in Colorado.
Basalt home prices are not only among the most expensive in Colorado, but Basalt real estate also consistently ranks among the most expensive in America.
Unlike some towns, Basalt isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Basalt are a mix of both white- and blue-collar jobs. Overall, Basalt is a town of professionals, sales and office workers, and managers. There are especially a lot of people living in Basalt who work in sales jobs (12.88%), management occupations (12.06%), and art, media, and design (9.31%).
Of important note, Basalt is also a town of artists. Basalt has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Basalt’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 13.27% 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.
Even though Basalt is a smaller town, 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, Basalt is a pretty powerful place. 56.82% of the adults in Basalt 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 Basalt in 2010 was $44,832, which is wealthy relative to Colorado and the nation. This equates to an annual income of $179,328 for a family of four. However, Basalt contains both very wealthy and poor people as well.
Basalt is a somewhat ethnically-diverse town. The people who call Basalt home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Basalt residents report their race to be White, followed by Black or African-American. Basalt also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 18.77% of the town’s residents. Important ancestries of people in Basalt include English, Irish, Italian, and European.
The most common language spoken in Basalt is English. Other important languages spoken here include Spanish and Italian.