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The very first fact is wrong…
Median household income in Colorado in 2022 was $89,930. https://fred.stlouisfed.org/series/MEHOINUSCOA672N
I didn't see a source in the article, but maybe the difference is between individual income vs household income, given the exact verbiage of "median income for a Coloradan."
Though if that was the case, I'd expect the value to be lower.
Edit: With some googling, it looks like the source might be a single income earner as noted by the Justice Department
If that’s a single earner then it’s even worse to compare to the median single family home. The median single family home in Colorado is like 2500 sqft and 4 bedroom. Virtually 0 single buyers are even looking for something like that.
They don't say where they got their number from, feel free to reach out to them with a correction. As far as I know, they are pretty responsive.
this post was submitted on 13 Nov 2023
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