Basalt was first named Aspen Junction after the railroad junction which led to present dayAspen, Colorado. Aspen Junction was a territory serving Aspen to Leadville Mining towns, with the Railroad Junction, also going West and South to Carbondale and Glenwood Springs. The Aspen Junction, Colorado, post office opened on February 13, 1890.[7] The town was first served by theColorado Midland Railroad, but the railroad was later bought by theDenver & Rio Grande Railroad in 1901.[8][9]
The Aspen Junction post office was renamed Basalt on June 19, 1895,[7] and the Town of Basalt was incorporated on August 26, 1901.[1] The name was chosen for the basaltic rock formations on Basalt Mountain.[10]
As of thecensus[11] of 2000, there were 2,681 people, 1,052 households, and 637 families residing in the town. The population density was 1,394.8 inhabitants per square mile (538.5/km2). There were 1,218 housing units at an average density of 633.7 per square mile (244.7/km2). The racial makeup of the town was 91.53%White, 0.48%African American, 0.52%Native American, 1.27%Asian, 0.11%Pacific Islander, 4.77% fromother races, and 1.31% from two or more races.Hispanic orLatino of any race were 11.75% of the population.
There were 1,052 households, out of which 34.0% had children under the age of 18 living with them, 50.1% weremarried couples living together, 7.4% had a female householder with no husband present, and 39.4% were non-families. 24.0% of all households were made up of individuals, and 2.0% had someone living alone who was 65 years of age or older. The average household size was 2.55 and the average family size was 3.00.
In the town, the population was spread out, with 23.6% under the age of 18, 6.8% from 18 to 24, 42.3% from 25 to 44, 24.4% from 45 to 64, and 3.0% who were 65 years of age or older. The median age was 34 years. For every 100 females, there were 108.8 males. For every 100 females age 18 and over, there were 110.6 males.
The median income for a household in the town was $67,200, and the median income for a family was $73,375. Males had a median income of $40,791 versus $30,532 for females. Theper capita income for the town was $30,746. About 4.9% of families and 6.3% of the population were below thepoverty line, including 5.9% of those under age 18 and 6.8% of those age 65 or over.
Basalt is well known for its Gold Medal trout fishing in the Frying Pan River. Ruedi Reservoir is also a popular regional destination for boating and other watersports. Basalt is a hub for mountain biking in the Roaring Fork valley. There are a dozen world class cross country trails as well as lift-accessed downhilling within 15 miles of Basalt, both up and down the valley.