New Data Shows Income Lagging in Colorado Prior to Recession
Colorado’s median income lagged in 2008, even prior to the full onset of the recession, according to new data released today by the Census Bureau. The 2008 median income in Colorado was $56,993, down just slightly from $57,333 in 2007. Health insurance data also released today showed that 1 in 6 Coloradans—or about 17 percent—do not have health insurance, with higher rates seen in certain areas such as Denver and Adams County. While Colorado’s median income has fared better than some states, the fact that income was declining slightly even before the full force of the recession hit is troubling.
Released Sept. 22, 2009