Mountain Village is a home rule municipality in San Miguel County, southwestern Colorado. It is located just southwest of Telluride, Colorado in the San Juan Mountains. The elevation of the town rises above Telluride to 9,600 feet. The population was 1,264 at the 2020 census.

100.0% of residents lived in urban areas, while 0.0% lived in rural areas.

There were 652 households in Mountain Village, of which 21.0% had children under the age of 18 living in them. Of all households, 29.9% were married-couple households, 33.0% were households with a male householder and no spouse or partner present, and 28.2% were households with a female householder and no spouse or partner present. About 43.4% of all households were made up of individuals and 4.2% had someone living alone who was 65 years of age or older.