Payroll Study Finds Colorado Ranks Among The Highest US Salaries

A new study conducted by ADP Research finds that the state of Colorado outperforms the vast majority of the country when it comes to median salary.

ADP is the payroll company you've probably heard of before, and they use payroll data from across the United States to make analysis on the salaries of over 10 million people across the country over the course of the year.

The numbers for November 2024 were just released and show that the state of Colorado ranks very high amongst its peers nationally for median income, coming in at $66,330 per year.

That puts Colorado at number five nationally, with Washington D.C. leading the way at just over $100k per year, then Massachusetts, Alaska, North Dakota and finally us.

Alaska and North Dakota are pretty surprising, if I'm being honest, but remember this is based on just one month of data.

The top five states break down like this, respectively:

1. Washington D.C. - $100,400 per year
2. Massachusetts - $75,800
3. Alaska - $69,600
4. North Dakota - $68,500
5. Colorado - $66,300

If you're wondering where you don't want to live, look no further than the bottom 5, which includes one of Colorado's border states coming up dead last in the rankings of 50 states and Washington D.C.

The bottom five includes:

47. Nevada - $50,500
48. Oregon - $50,100
49. Arkansas - $50,000
50. Mississippi - $46,000
51. New Mexico - $40,200

You can check out the full report from ADP Pay Insights on their website.