HOME BLOG

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

Apr 3, 2024, 12:03 PM | Updated: 12:37 pm

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.

 

https://kosi1.wpengine.com/at-110-million-this-aspen-mansion-could-be-the-highest-priced-home-sold-in-colorado/

https://kosi1.wpengine.com/when-are-the-closing-dates-for-colorados-ski-resorts-what-you-need-to-know/

 

Home Blog

(Photo by Dia Dipasupil/Getty Images for The Rock and Roll Hall of Fame)...

Tammy Oakland

Here are your Rock and Roll Hall of Fame Nominees!

The Rock & Roll Hall of Fame Foundation announced the 14 Perfomer Nominees to be considered for Induction this year!  Here they are: Bad Company   The Black Crowes   Mariah Carey   […]

3 hours ago

(Photo by Michael Smith/Newsmakers)...

Tammy Oakland

Denver Zoo to Close for a Few Days for Essential Water Main Repairs

The Denver Zoo will shut down for nine days over a three-week period to repair a major water main. The following dates will be affected by closures: February 18, 19, […]

4 hours ago

(Photo by Joe Raedle/Getty Images)...

Jenny D

Worst Wi-Fi Nickname EVER Delays Flight

An American Airlines flight from Austin, Texas to Charlotte, North Carolina was delayed because of a passenger's Wi-Fi nickname.

8 hours ago

Totally Trivial Trivia...

Jenny D

51% of people wish they could change this about themselves

Congrats to Mariefri of #fortlupton you won a pair of tickets #andreabocelli

9 hours ago

GrubHub...

Sarah Baines

Colorado State University introduces food-delivering robots

Colorado State University has welcomed new six-wheeled residents to its campus. As of January 27, CSU became the first university in Colorado to introduce food-delivering autonomous robots. There are 13 […]

1 day ago

(Photo by Neilson Barnard/Getty Images for Purina)...

Tammy Oakland

Celebrate Valentine’s Day with a shelter dog!

Looking for a Valentine’s date who’s always overjoyed to see you? This year, Chewy has partnered with nearly 50 animal shelters across 27 states to bring you “Dogs’ Date Out.” […]

1 day ago

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