You Might Not Be Considered ‘Middle Class’ in Colorado
It turns out, you may not actually be 'middle class,' according to a study from Zippia. Colorado's middle class income range is a tad higher than you might think (definitely higher than I thought, at least).
Actually, Colorado's middle class income range is the fourth highest in the country, but if you're making between $60,000 and $100,000 per year, you're in it.
'Colorado is known for being high up, but residents know it’s also high in costs,' Zippia's report said, claiming Colorado's income needed to be considered a middle class citizen is just over $81,000 per year.
Zippia's report also said that every month, Coloradans pay, on average, $336 in car payments and $208 in student loans. Additionally, the mortgage on an 'average' home in Colorado is $1,904 per month, and none of this really feels 'average' to me.
Things can always be worse, though. Hawaii and California take the top spots, respectively. If you reside in either of those states, the middle class income is upwards of $111,000 to $120,000.
Do things get better if you drive an hour north? Yeah, kinda. Wyoming's middle class income is just over $50,000 per year, and mortgage payments are about $800 less per month than in Colorado.
You can see Zippia's full report here.
Forbes' 2020 Top 5 Wealthiest People in Colorado