Rico is a town in Dolores County, Colorado, United States.

Colorado State Highway 145 passes through the town as it follows the river, leading southwest 48 miles (77 km) to Cortez and northeast over Lizard Head Pass 27 miles (43 km) to Telluride.

According to the U.S. Census Bureau, the town of Rico has an area of 0.8 square miles (2.0 km2), all of it land.

[9] Rico experiences an alpine subarctic climate (Köppen climate classification Dfc) with long, cold, very snowy winters and short, cool summers due to the high altitude and high precipitation year-round due to orographic lift.

The water tank used to refill the tenders of the steam locomotives still stands on the west side of the former grade, 74 years since it was last used.