You need to make this much money to buy a home in Colorado

By Melissa Moore on April 3, 2024

Denver, CO – Colorado has joined a new list and it may be discouraging for people looking to buy a home.  According to a new report from Bankrate that looked at Redfin data, the average person needs to make $110,871 a year to buy a median priced home of $402,343 in the US  today.  That is a 40% increase in salary needed since January 2020.

In Colorado that income number jumps even higher.  In fact, Colorado is now the 6th highest state for income needed to buy a median home in that state. In the Centennial state you now need to earn $152,229 annually to afford to buy a home here. Colorado’s median home price as of January of 2024 was $591,400.  The median price for Denver in February 2024 for $600,000.

To put this into perspective, there are now 23 states that require you to earn at least $100,000 in order to buy a home there.  In 2020, only seven states required an income of at least $100,000.


At $110 million, this Aspen mansion could be the highest priced home sold in Colorado

When are the closing dates for Colorado’s ski resorts? What you need to know.


Around the site