The Poorest Town in Colorado: What You Need to Know About It? The title of the poorest city in Colorado is held by Pueblo. According to a report by 24/7 Wall St., Pueblo has faced significant economic challenges, particularly due to deindustrialization and job losses that have affected its local economy for decades.
The median household income for the city is $40,450, which is considerably lower than the state average of $72,331. Also, Pueblo has a poverty rate of 23.5%, as opposed to Colorado’s 10.3% in general.
Key Statistics for Pueblo
- Median Household Income: $40,450
- Poverty Rate: 23.5%
- Adults with Bachelor’s Degree: 18.9%
- Median Home Value: $141,000
- Population: 110,841
These figures tell of economic struggles faced in Pueblo, which remains dependent on government handouts for day-to-day activities. Yet despite its woes, Pueblo remains one of the more affordable areas to own real estate, and one of the least expensive cities in the country to call home.
