Household income up, poverty level falls in Colorado

from the Denver Business Journal

Here they come! The US census bureau figures generally remain the same for the nation. Here is a look at Colorado.

The median household income of Colorado residents has increased by more than 8 percent since 2004, or four times the national average.

The U.S. Census Bureau on Tuesday reported the median income in Colorado has risen to $59,209 (based on a two-year average from 2006-07) from $54,719 (based on a two-year average from 2004-2005).

The 8.2 percent increase is considered statistically significant, according to the Census Bureau.

Nationally, the median income rose by 2 percent during the same period, to $49,901 from $48,934.

During the same period, the percentage of Coloradans -— and Americans as a whole — living in poverty dipped. A family of four earning less than $21,203 a year is considered to be living in poverty.

The percentage of Coloradans in poverty dropped to 9.8 percent during the 2006-07 period from 10.7 percent in 2004-05. Nationally, the poverty figure fell to 12.4 percent from 12.7 percent.

Link to full article. May expire in future.