Recent research and demographic surveys have underlined the fact that Rocky Ford is the poorest town in the state of Colorado. This distinction has been highlighted by a number of recent studies.
With a median family income of only $29,822, Rocky Ford ranks out in comparison to the state average of $80,184, as stated by a 2023 research conducted by 24/7 Wall Street. This analysis utilized five-year estimates from the American Community Survey conducted by the United States Census Bureau.
Both before and after the COVID-19 epidemic, Rocky Ford has been experiencing persistent economic difficulties, which are highlighted by the large financial difference that exists between the two groups.
Demographics and Economic Profile
The city of Rocky Ford, which is situated in Otero County, is anticipated to have a population of 3,845 by the year 2025. This places it as the 132nd most populous city in Colorado out of a total of 471 communities. Hispanics make up the majority of the town’s population (67.1%), followed by whites (29.1%), while people who identify as belonging to more than one race make up a small percentage of the population.
Despite being significantly higher than in prior years, the median household income in Rocky Ford was still among the lowest in the state in 2023, coming in at $35,658. With a rate that is significantly higher than the norms for both the state and the nation, it is noteworthy that 22.5% of families in Rocky Ford live below the poverty line.
Contributing Factors to the Problem of Poverty
Rocky Ford’s economic difficulties can be traced back to a number of ongoing challenges, including the following:
- Disinvestment and Population Loss: The town has been experiencing years of disinvestment, with minimal new business creation and a falling population base, which has made it difficult to maintain a thriving local economy with sufficient resources.
- Job Market Limitations: Employment prospects are sparse, and many residents rely on jobs that pay low wages or provide seasonal work, particularly in agriculture and sectors associated to agriculture.
- Real Estate Values: Rocky Ford citizens’ ability to accumulate wealth and move up the economic ladder has been further constrained by rising or falling property values.
- Education and Infrastructure: Rocky Ford, like many other small towns that are experiencing economic difficulties, is dealing with underfunded schools and deteriorating infrastructure, both of which can discourage new investment and make it more difficult for inhabitants to break the cycle of financial struggle.
The Reaction and Perspective of the Community
Rocky Ford is making concerted efforts to revamp its economy and enhance the quality of life for its citizens, despite the difficulties that it is now facing.
In order to establish methods for sustainable employment growth and community development, the city has formed partnerships with groups such as Downtown Colorado, Inc. through the Colorado Challenge Accelerator Program.
In order to attract investment and generate new possibilities, efforts are being made to hire an Economic Development Coordinator, encourage entrepreneurial endeavors, and promote collaborations.
