Severance is a very small town located in the state of Colorado. With a population of 3,525 people and just one neighborhood, Severance is the 98th largest community in Colorado. There's nothing like the smell of a brand new house, and in Severance, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Severance, and putting down their money on brand new construction. Severance’s real estate is, on average, some of the newest in the nation. Severance does seem to be experiencing an influx of affluent people, because the median household income is $85,854.
Real Estate Prices
Housing costs in Severance are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Colorado.
Occupations and Workforce
Unlike some towns, Severance isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Severance are a mix of both white- and blue-collar jobs. Overall, Severance is a town of professionals, managers and sales and office workers. There are especially a lot of people living in Severance who work in management occupations (14.71%), sales jobs (10.27%) and office and administrative support (8.77%).
Also of interest is that Severance has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 7.42% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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.
Setting & Lifestyle
Because of many things, Severance is a great place for families with children to consider. First of all, many other families with children live here, making Severance a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Severance has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Severance’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
As is often the case in a small town, Severance doesn't have a public transportation system that people use for their commute.