Colorado Ranks 9th for Highest Median Family Income in U.S.

The median income for a family in Colorado is $88,955, the ninth highest in the U.S., reports financial news website 24/7 Wall St.

For Colorado families, the household income range to be considered middle income is $26,248 to $129,332.

Here is the list for middle class in each state.

247wallst.com breaks the numbers down for Colorado:
> Household income range for middle class: $26,248 – $129,332
> Median family income: $88,955 (9th highest)
> Middle class share of Colorado income: 47.2% (20th largest)
> Richest 20% share of Colorado income: 49.3% (18th smallest)
> Cost of living in Colorado: 3.2% more expensive than the U.S. avg.

10 States with the Highest Median Family Income

1. Massachusetts -- $101,548
2. Maryland -- $101,437
3. New Jersey -- $101,404
4. Connecticut -- $98,100
5. Hawaii -- $95,448
6. New Hampshire -- $93,930
7. Alaska -- $89,847
8. Minnesota -- $89,039
9. Colorado -- $88,955
10. Virginia -- $88,929

10 States with the Lowest Median Family Income

1. Mississippi -- $57,380
2. West Virginia -- $57,718
3. Arkansas -- $58,080
4. New Mexico -- $58,760
5. Louisiana -- $61,847
6. Kentucky -- $62,228
7. Alabama -- $63,837
8. Oklahoma -- $64,082
9. Tennessee -- $65,656
10. South Carolina -- $65,742