Study shows Colorado outperforms most yearly median incomes

(COLORADO) — A study found that citizens in Colorado are ranked higher than most states when it comes to salary.

A WalletHub study found that Colorado’s citizens are ‘better off’ than other Americans across the country when it comes to average annual income. The study compared and gave a rank based on the average annual income of the top 5% of earners, the median average, and the bottom 20% of earners.

Colorado ranked #9 within 51 states including the District of Columbia. According to the study, the top 5% of earners in the state make an average of $456,603 per year, while the median income is $97,301 and the bottom 20% of earners make $18,451.

The median yearly income in the U.S. is around $74,600, according to the study and data from the Federal Reserve.

Here are the top ten states’ overall total highest score:

1. Virginia, 69.69
2. New Jersey, 68.85
3. New York, 67.60
4. Connecticut, 67.42
5. Washington, 62.29
6. Utah, 61.60
7. Illinois, 59.64
8. Minnesota, 59.58
9. Colorado, 57.55
10. Massachusetts, 57.39

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