GITNUX MARKETDATA REPORT 2024

Statistics About The Average Income In Denver

The average income in Denver is $72,455.

Last Updated: June 18, 2024

How we write

In this post, we will explore the diverse income landscape of Denver, Colorado, through a variety of statistics ranging from average income figures to poverty rates and income disparities. Understanding the economic dynamics of a city like Denver can provide valuable insights into its socio-economic fabric and the financial well-being of its residents. Let’s dive into the numbers to gain a deeper understanding of income trends in the Mile High City.

Statistic 1

"The average income in Denver is around $68,592 per year."

Statistic 2

"The median family income in Denver in 2020 was $87,170."

Statistic 3

"The average male salary in Denver for full-time, year-round workers is $60,058."

Statistic 4

"The average female salary in Denver for full-time, year-round workers is $52,822."

Statistic 5

"Denver County had a median household income of $60,098 in 2017."

Statistic 6

"As of 2020, 10.3% of Denver's population live below the poverty line, which is lower than the national average of 12.3%."

Statistic 7

"In Denver, the average income of the top 1% of earners is 28.9 times higher than the income of the bottom 99%."

Statistic 8

"According to a 2020 report, the average income in the Denver metro area is $75,646."

Statistic 9

"17% of households in Denver have an income less than $25,000 per year."

Statistic 10

"28.6% of households in Denver make over $100,000 per year."

Statistic 11

"The average per capita income in Denver in 2018 was $39,423."

Statistic 12

"1.19% of Denver's workforce earns over $200,000 per year."

Statistic 13

"People working as a Lawyer in Denver, CO usually make around $91k - $239k."

Statistic 14

"Median household income in Denver increased by 230% from 1970 to 2015."

Statistic 15

"The top 5% of Denver households make an average income of $431,000."

Statistic 16

"As of 2018, Denver's median income for an individual was $45,000 annually, while the median household income sat at $76,000."

Statistic 17

"The average income in Denver was $45,000 in 2000, showing significant growth over the past two decades."

Overall, the statistics paint a varied picture of income distribution in Denver. While the average income in the city is around $68,592 per year, disparities exist between different demographics. The median family income is higher at $87,170, but there is notable gender wage gap, with the average male salary at $60,058 compared to $52,822 for females. Additionally, there is significant income inequality, as the average income of the top 1% is nearly 29 times higher than the bottom 99%. The city’s poverty rate of 10.3% is lower than the national average, but there are still 17% of households earning less than $25,000 annually. On the positive side, median household income has risen substantially over the decades, with a 230% increase from 1970 to 2015. It is clear that while some segments of the population are thriving financially, others continue to face economic challenges in the vibrant city of Denver.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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