![Mile High Prices: Colorado’s Cost of Living Is Worse Than New York’s](http://townsquare.media/site/973/files/2021/11/attachment-andrew-coop-ud0Y1ItHhr0-unsplash.jpg?w=980&q=75)
Mile High Prices: Colorado’s Cost of Living Is Worse Than New York’s
Maybe it's because I've watched too many episodes of Gossip Girl, but I've always thought of New York as the pinnacle of richness. I've never been, but I imagine that the state has an A-list celebrity in a penthouse on every corner.
Am I wrong about that imagery? Probably. But New York is expensive — according to GOBankingRates, the average Empire State home costs $320,388. To afford to live there, you need to make at least $76,172 per year.
Unfortunately, it might be even pricier to live in Colorado.
![99.9 KEKB - Grand Junction's Favorite Country logo](https://townsquare.media/site/507/files/2019/11/square1.png?w=100)
The agency reports that the average home in the Centennial State costs $490,848. To afford that, you need to make at least $83,376 per year (*cries in broke*).
This trend isn't new, either. According to Only In Your State, in 2017, HowMuch reported that Coloradans needed to make at least $100,200 a year (or work 60 to 70 hours per week) to afford a home worth $415,000. Comparatively, New Yorkers needed to make $91,720 a year (they didn't mention a home price).
READ: Colorado Home Buyers Would Live in Former Meth Labs for a Property Discount
In June, Marietta Rodriguez, the CEO of Neighborworks America, told Townsquare NoCo that a "lack of inventory," spurred by the COVID-19 pandemic, is partly to blame for rising housing costs.
However, keep in mind that these statistics are based on the cost of the average home — there is cheaper housing available in Colorado.
LOOK: The Cheapest Homes for Sale in Colorado's Mountain Towns
When people think of our state, do they imagine that there are wealthy skiers in fancy mountain cabins on every corner? Honestly, they might.
Talk About Expensive: This Colorado Home Just Sold for $75-Million in Aspen
Aspen Colorado is Definitely an Expensive Place to Live: Look at the 14 Most Expensive Houses in Colorado
More From 99.9 KEKB - Grand Junction's Favorite Country
![Colorado Dream Home Includes a Pool & Supersized Backyard](http://townsquare.media/site/507/files/2024/07/attachment-colorado-dream-home-includes-a-pool-and-supersized-backyard-canva.jpg?w=980&q=75)
![Coloradans Dish: Most Frustrating Parts of Home Ownership](http://townsquare.media/site/507/files/2024/07/attachment-Coloradans-Dish-Most-Frustrating-Parts-of-Home-Ownership-Canva-Pro-.jpg?w=980&q=75)
![Colorado Airbnb with Stunning Courtyard Views in Grand Junction](http://townsquare.media/site/507/files/2024/06/attachment-grand-junction-vacation-rental-canva-pro.jpg?w=980&q=75)
![Find Bliss and Adventure at Red Feather Lakes, Colorado](http://townsquare.media/site/48/files/2024/06/attachment-Untitled-design-51.jpg?w=980&q=75)
![Colorado’s Villa Serenita Sits In A Secluded Nature Preserve](http://townsquare.media/site/507/files/2024/05/attachment-Colorados-Villa-Serenita-Sits-In-A-Secluded-Nature-Preserve-Canva-Pro.jpg?w=980&q=75)
![Tiara Rado Airbnb Has Room for 10 Guests in Western Colorado](http://townsquare.media/site/507/files/2024/05/attachment-Grand-Junction-Airbnb-Across-from-Tiara-Rado-Golf-Course-Canva-Pro.jpg?w=980&q=75)
![Stunning Redlands Home Is A Backyard Oasis in Western Colorado](http://townsquare.media/site/507/files/2024/04/attachment-2332-w-ridges-blvd-realtor-comcanva-pro.jpg?w=980&q=75)
![Live In Style: The White House On The Hill In Western Colorado](http://townsquare.media/site/507/files/2024/03/attachment-Untitled-design-2024-03-26T145449.003.jpg?w=980&q=75)
![Historic Charm: 1900 Home in Grand Junction, Colorado at A Great Price](http://townsquare.media/site/507/files/2024/03/attachment-grand-junction-s-cheapest-home-for-sale-in-march-is-124-years-old-canva-pro.jpg?w=980&q=75)