With a broad economy based on natural resources, technology, and agriculture, Colorado is consistently recognized as one of the best states for businesses. To live comfortably in Colorado, a single person would have to earn about $34,000. A good chunk of that salary - $11,600 would go toward housing, and another $3,800 would go toward food. 

Despite an average income of over $51,000, a flat income tax rate, and a low state sales tax, Coloradans owe an average of $9,108 per household to credit card companies. 

Analysts attribute the increased spending amongst Coloradans as a sign consumers were feeling optimistic about the economy and were taking on additional debt without necessarily preparing for a financial emergency.

Colorado residents interested in either a free credit counseling session and/or enrolling in our debt management program can connect with one of our certified credit counselors by calling us directly at 888-686-4040 or schedule an appointment here. 

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