Population Annual Average Growth Rate (%)

Berthoud, ColoradoDemographic and Economic Profile

Population/Employment from CO Demography Office. Cost of Living from Colorado Legislative Council & Pacey Economics. HHI from Census American Community Survey 5-year file. Personal Income from U.S. Bureau of Economic Analysis.

Population (2016) 7,160Population Change (2011 - 2016) 1,964Median Household Income (ACS 2011-2015) $ 59,477State Median Household Income (ACS 2011-2015) $ 60,629Larimer Per Capita Personal Income (BEA 2016) $ 47,117Employment (Larimer 2016) 196,686Local Cost of Living Index, Thompson School District (Statewide COL=100) 96.8

PopulationDuring the 1990s Berthoud grew at a fasterrate than Larimer County or the state.

Berthoud’s growth slowed in the 2000s, buthas been growing faster in recent years.

Berthoud added more than 600 people in2016.

Berthoud’s population has grown by 140%since 1990.

Colorado State Demography Office. Population Estimates.

Berthoud Larimer Colorado Berthoud Larimer Colorado1990 2,990 187,081 3,304,042 NA NA NA1995 3,799 221,622 3,811,074 4.9 3.4 2.92000 5,005 253,088 4,338,801 5.7 2.7 2.62005 4,885 275,873 4,662,534 -0.5 1.7 1.42010 5,127 300,532 5,050,332 1.0 1.7 1.62015 6,522 332,830 5,448,055 4.9 2.1 1.52016 7,160 338,663 5,538,180 9.8 1.8 1.7

U.S. Census Bureau. Decennial Census.

Berthoud’s population by age is shown to the left.There were declines in younger age groupsbetween the 2000 and 2010 Census, whichindicates that by 2010 there were fewer familieswith children. The largest increases were in olderage groups. However, Berthoud has experiencedrapid growth in the past few years, and the 2020Census may show a somewhat different mix inage groups.

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Berthoud, ColoradoDemographic and Economic Profile

Colorado State Demography Office. Population by Age, Esimates and Forecasts.

Larimer County, where Berthoud is located, is expected to show brisk growth between 2015 and 2025. The largest amount ofthis growth is forecast for those between 70 to 74 years of age. Working age adults in all age groups, except for 55 to 59, arealso projected to see large increases. In-migration to the county will be driven by the need for replacement workers for olderadults aging out of the county’s current labor force and also to meet the demand for jobs driven by the increasing population.Due to the forecast growth in working age adults, there is also growth in the number of children. This growth will not negate theneed to evaluate aging services, but may alleviate some of the downward pressure aging can put on tax revenues.

Housing and Households

Colorado State Demographer’s Office. Housing and Household Estimates.

Berthoud, Colorado Housing Units 2011 2016Total Housing Units 2,100 2,475Occupied Housing Units 2,031 2,446Vacant Housing Units 69 29Vacancy Rate 3.3% 1.2%

State estimates indicate a drop in housingvacancy between 2011 and 2016

The 2010 Census estimated that 79.6% ofBerthoud households owned their home and20.4% rented.

In 2010, 4.8% of vacant housing units wereseasonal or occasional use only units.

Between 2000 and 2010Berthoud saw a smallincrease in totalhouseholds.

Most of Berthoud’sgrowth in totalhouseholds was due tonon-family households,primarily one-personhouseholds.

U.S. Census Bureau. Decennial Census.

Fort Collins Board of Realtors and Colorado Association of Realtors.Colorado Statewide Multi-Family Rent Survey for Fort Collins / Loveland Area.

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U.S. Census Bureau Decennial Census. Population by Race/Ethnicity.

U.S. Census Bureau American Community Survey 5-year file.

Race and EthnicityBerthoud is less diverse than the state as a whole, but is increasing its diversity over time.

2000 2010 % (2010)White 4,509 4,752 93.1%Hispanic (any race) 390 439 8.6%Some Other Race 187 128 2.5%Two or More 73 107 2.1%Asian 29 49 1%American Indian/Alaska Native 27 48 0.9%Native Hawaiian/Pacific Islander 11 12 0.2%Black or African American 3 9 0.2%

IncomeLarimer County and Colorado have similiar household income distributions. Because of Berthoud’s smaller population size, themargin of error on income estimates is larger than for the county or state. Berthoud may have a greater proportion of itsresidents earning between $100,000 and $199,000 per year than the county or state.

Taxes

Tax rates current for 2018. Tax info from Colorado Department of Revenue. Average Mill Levy calculated from property count within Larimer Tax Districts.

Components of Property TaxProperty Tax Assessment Rate - Commercial 29%Property Tax Assessment Rate - Residential 7.2%Average Mill Levy - Berthoud 105.061Average Mill Levy - Overall Larimer County 88.636

In Colorado, property tax is calculated as ASSESSED VALUE x (ASSESSMENT RATE x MILL LEVY/1000)

The state residential property tax assessment rate is adjusted every twoyears to maintain a consistent ratio between total statewide assessedvalues of non-residential and residential property. The mill levy can varyeach year and rates for specific properties can be found online in countytax records.

Tax rates current as of July 1, 2017. Colorado Department of Revenue and Metro Denver EDC.

Sales taxes are levied by localities, counties and the state. The sales tax paid in a location is the sum of sales tax issued by each jurisdiction. Some municipalities have different rates or additional taxes on special items (such as accommodation taxes or reduced rates for groceries). Sales tax in Berthoud totals at 6.55%, sharing the status of lowest total municipal sales tax with several municipalities in the county.

Sales TaxBerthoud 3%Larimer County 0.65%Colorado 2.9%

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EducationBerthoud has a larger portion ofresidents who have some college oran associate degree than Coloradoas a whole. However, it has a smallerpopulation with bachelor’s orgraduate and professional degreesthan Larimer County as a whole.

U.S. Census Bureau American Community Survey 5-year file.

Public School Enrollment 2016-17

Community School Total Enrollment 1,921Community High School Enrollment 714Thompson District Total Enrollment 16,280Thompson District High School Enrollment 4,986Thompson District On-Time High School Graduation Rate 2016 79.4%Thompson District On-Time High School Completion Rate 2016 81.1%Thompson District Dropout Rate (grades 7-12, 2016) 1.5%

Colorado Department of Education.

Berthoud is within the Thompson R2-J School District, which primarily serves students in Loveland and Berthoud. ThompsonDistrict offers charter options and open enrollment opportunities, but most students attend their local community school.Thompson District Community Schools in Berthoud include: Berthoud Elementary, Ivy Stockwell Elementary, Turner Middle andBerthoud High.

Post-Secondary Enrollment 2016Northern Colorado has 3 Public Universities and 2 Community Colleges that support post-secondary education and training.

Community Colleges Total EnrollmentAims Community College 5,652Front Range Community College 18,961

Public Universities Total EnrollmentColorado State University 29,076University of Colorado Boulder 32,551University of Northern Colorado 10,141

Colorado Department of Higher Education

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Overlap shows those who both live and work in Berthoud .

Workers and Jobs in Berthoud

Colorado State Demography Office. Annual Employment estimates.Colorado State Demography Office. Annual Employment estimates.

CommutingCommuting plays an important role in a community. It impacts local job growth, acess to employees, and transportaiton infrastructure.

Berthoud residents work primarily in Larimer (34%), Boulder (28%), Weld (14%) and Denver (6%) Counties, and a much larger portion of the laborforce lives in Berthoud than is needed to fill the jobs within town limits. Less than 10% of Berthoud’s resident laborforce works in Berthoud.Source: Census LEHD, On The Map. Data does not incuded agricultural or self-employed, and uses administrative bounds only. Data is from 2015.

Jobs and the Economy2016 total employment in Larimer wasestimated at 196,686. Employment hasbeen steadily growing since the end of thelast recession. Recession years are grayedin the chart. Between 2015 and 2016,employment grew by 3.5%, which wasalmost twice the rate of job growth in thenation. The majority of Larimer’s residentworkforce works within the county.However, about 9% work for Weld Countyemployers and almost 7% work for BoulderCounty employers. Employment trends inneighboring counties can impact Larimerresidents and the total workforce.

Economic Industry Mix2016 Share of Jobs by Industry

Berthoud’s largest industries by shareare Construction, Manufacturing, andHealth Care and Social Assistance.Berthoud has a larger share ofConstruction and Manufacturing jobsthan Larimer County.

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Economic Base Analysis

Colorado State Demography Office.

The Base Industries chart shows which industriesdrive the county’s economy.

Government and regional services are veryimportant to the county’s economy. Larimer’spublic hospitals and state university are largecontributors to Government employment.

Regional services includes establishments that areprimarily engaged in providing services tosurrounding counties or the U.S. Examples of thisin Larimer include health care and computersystems design.

Retiree spending, tourism and manufacturing arestrong contributors.

Average Wage TrendsAverage weekly wage in Berthoudincreased 20% between 2011 and2016.

Larimer County saw wage growth of14% over the same period.

Berthoud’s weekly wage was 85% ofthe statewide average ($1,051) and96% of Larimer’s.

Colorado Department of Local Affairs, Colorado LMI and Bureau of Labor Statistics. Average Weekly Wage Estimates.

Population and Economic ForecastRates of growth for population and jobs can differ based on changes in the labor market and also macroeconomic conditions. Thedemographics of the available labor force (participation rates, age, unemployment, multiple jobs, and commuting trends) impact thelabor market. Macroeconomic influencers include the conditions of the business cycle as well as state and national economic growthrates.

Population growth is expected tooutpace job growth in Larimer. An agingbaby-boomer population reachingretirement age is a contributing factor.The population will grow as newresidents take some of the jobs vacatedby people leaving the workforce.

The number of residents in thelaborforce is growing at a slower ratethan the expected number of new jobs.Part of this can be mitigated by in-migrating commuters. Additionally,some workers work more than one job.The gap is expected to narrow overtime.

A growing population requiresadditional housing and communityservices. An aging population mayrequire different types of housing orservices than working families or youngworkers may need.

Colorado State Demographer’s Office. Employment, Laborforce and Population Forecasts.

Total Jobs Population Laborforce (16+)2010 164,802 300,545 178,1712015 188,837 332,832 190,3252020 206,711 366,154 204,1422025 228,695 398,784 219,4692030 245,730 429,636 235,0542035 264,103 458,776 252,722

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