Crime
This area boasts a crime rate that is far below the national average, making it a very safe place to live. These crime statistics encompass both property and violent offenses.
Employment
With higher than average median household income, income per capita and lower unemployment rates, this area scores extremely well in the employment category.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Amenities
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Cost Of Living
This area is known for its high cost of living, which means you should anticipate higher costs for everyday goods and services, housing, groceries, and health care.
Health & Safety
Subpar air quality and the limited availability of certain health-related facilities such as hospitals, police stations, doctors and pharmacies may have contributed to the low score in this category.
Severance, Colorado is a small-sized city with a population of 5,738 residents. At 93%, the majority of the Severance population is White; this is followed by 1% American Indian and Alaskan and 0% Black. 71% of the people in Severance (over the age of 15) are married and 54% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots. The average American spends about 26 minutes on their one way commute to work each day. Lower travel times can increase overall happiness and allow for more time to be spent with family and friends. While living in Severance, your commute times will be about average, with a one way commute time of 28 minutes.
Living in Severance can be a positive experience for anyone relocating to the city. Having said that, in the state of Colorado, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like crime, cost of living, education, housing and other key data points, finding the best places to live in Severance and in the areas around Severance is a much easier task.
The livability score in Severance is 67 out of 100 and the city is ranked in the 65th percentile of all cities across America. If we explore each of the categories individually, we see that Severance ranks well for crime (A+). Severance does not do well for the following: amenities (F). It might be a good idea to take a closer look at each category to find out why.
Crime rates play a pivotal role in the decision-making process for anyone considering a move, as they directly influence the overall sense of safety, security and quality of life in a given location. Severance shines in this regard, earning exemplary ratings for its exceptionally low violent crime rates, standing at 117 crimes per 100,000 residents. These rates are notably below the national average, underscoring the community's commitment to safety and contributing to an enhanced quality of life.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Severance, the unemployment rate stands at 1.6%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Severance has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Severance is actually affordable. Median real estate prices in Severance come in at $689,714, which is 44.3% higher than the Colorado average. The home price to income ratio compares the median home prices to the median household income. In Severance, the home price to income ratio is 4.3, which is 15.7% lower than the Colorado average.
| Statistic | Severance | Colorado | National |
| Average one way commute | 28min | 25min | 26min |
| Workers who drive to work | 77.3% | 75.2% | 76.4% |
| Workers who carpool | 11.5% | 9.3% | 9.3% |
| Workers who take public transit | 0.0% | 3.1% | 5.1% |
| Workers who bicycle | 0.4% | 1.3% | 0.6% |
| Workers who walk | 0.6% | 3.0% | 2.8% |
| Working from home | 9.4% | 7.0% | 4.6% |
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