In Colorado, an income of $865,700 per year is considered high income, specifically marking the threshold to be among the top 1% of earners in the state. This places Colorado as the seventh highest state for this income benchmark.
Understanding High Income Thresholds in Colorado
The definition of "high income" can vary depending on context, but one of the most common benchmarks is the top 1% of earners. This group represents the highest income brackets within the state, indicating significant wealth accumulation.
To provide perspective, the median income for a single earner in Colorado is approximately $77,000 annually. This stark contrast highlights the substantial difference between the average earner and those at the very top of the income spectrum.
Key Income Figures in Colorado
The table below summarizes the key income figures that define different financial tiers in Colorado:
| Income Tier | Annual Income Threshold |
|---|---|
| Top 1% | $865,700 |
| Median (Single Earner) | ~$77,000 |
Colorado's National Ranking
Colorado's high income threshold for the top 1% is notably elevated compared to many other states. While some states require over $1 million per year to reach this elite group, Colorado's figure of $865,700 positions it among the states with the most competitive income requirements for top earners. This ranking underscores Colorado's strong economy and the high earning potential for certain professions or industries within the state.
