What Does it Take to be in Colorado’s Top 1%?

If you have lived in Colorado for any amount of time, you know that this state is quite expensive to live in. Real estate is expensive and housing prices are only going to climb higher and higher as the years go by.

Many Coloradans feel that they need a better job to pay the bills and are constantly looking for new opportunities. Some Colorado residents don't have to worry too much as they make a good living in their profession.

How much do you need to make to be in Colorado's top 1%?

I remember when I was a kid, I thought that $30,000 was a lot of money. I am sure at one point in time, it was. But not in 2024. Currently, you'd have a hard time even purchasing a car for $30,000. According to Google, the average transaction price for a new vehicle is $48,397.

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If you want to live very comfortably in Colorado, you are going to need to earn a lot of money. If you want the elite status of the top one percent in the state, you are going to have to earn even more. According to axios.com, to qualify to be in the upper echelon financially in Colorado, you would need to make just under $900,000 per year to qualify.

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Axios says that there were 27,447 residents in the state of Colorado that would qualify to be in the top one percent based on tax filings in 2021. I don't know about you, but I am nowhere near being in the top one percent of earners in the state of Colorado. Would I like to be? Wouldn't we all?