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 city has a median household income of $40,450, which is substantially lower than the state average of $72,331. Additionally, Pueblo has a poverty rate of 23.5%, compared to Colorado’s overall rate of 10.3%.
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 illustrate the economic struggles faced by Pueblo residents, where many depend on government assistance for basic needs. Despite its challenges, Pueblo is noted for its affordable real estate and is recognized as one of the most affordable places to live in the United States
