Phillips County, Colorado

Income Data

-19% vs. Colorado average
$60,372
Median Household Income
$43,285
Per Capita Income

At a Glance

Median Household Income
$60,372
-19% vs. state avg
Per Capita Income
$43,285
+10% vs. national
Income-to-Housing Ratio
23.6%
income as % of home value
Rank in Colorado
#44 / 64
by median household income

How Phillips County Compares

Phillips County$60,372
Colorado Average$74,792
National Median$74,755

Detailed Income Statistics

$60,372
Median Household Income
$43,285
Per Capita Income
$255,300
Median Home Value
23.6%
Income-to-Housing Ratio

Data Story

About Household Income in Phillips County, Colorado

Phillips County earns below national median

Phillips County's median household income of $60,372 sits 19% below the nation's $74,755 median. While the county trails most U.S. households, it reflects economic conditions common in rural Colorado's agricultural and energy-dependent communities.

Ranked near Colorado's lower third

Phillips County's $60,372 median income places it below Colorado's state average of $74,792. The county ranks among the lower-earning regions statewide, though it maintains stability through diversified rural employment.

Similar to peers, ahead of Saguache

Phillips County ($60,372) outearns Saguache County ($54,283) and Prowers County ($57,601), sitting squarely in the regional middle tier. Neighboring Rio Blanco County ($72,620) leads the immediate region, while Pitkin and Routt counties far exceed all peer earnings.

Housing remains affordable here

Phillips County's 18.8% rent-to-income ratio indicates solid housing affordability, well below the 30% threshold that signals strain. With a median home value of $255,300, homeownership remains accessible for median-income households.

Building stability in rural Colorado

Households earning $60,372 should prioritize emergency savings and retirement contributions, starting with employer 401(k) matching if available. Consider working with a financial advisor to develop a wealth-building plan suited to agricultural or energy sector income patterns.

Frequently Asked Questions

What is the median household income in Phillips County, Colorado?
The median household income in Phillips County, Colorado is $60,372, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Phillips County?
The per capita income in Phillips County is $43,285, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $60,372.
How does Phillips County compare to the Colorado average?
Phillips County's median household income of $60,372 is lower than the Colorado state average of $74,792. The per capita income is $43,285, compared to the state average of $43,584.
What is the per capita income in Phillips County, Colorado?
The per capita income in Phillips County, Colorado is $43,285, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Is Phillips County a low-income area in Colorado?
Phillips County's median household income of $60,372 is below the Colorado average of $74,792. The per capita income of $43,285 is also lower than the state average of $43,584. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Phillips County rank for income in Colorado?
Phillips County ranks #44 out of 64 counties in Colorado by median household income (1 = highest). With a median household income of $60,372 and per capita income of $43,285, it falls in the bottom third of counties statewide.

Income Comparison Calculator

See how your household income compares in Phillips County

$
1.00x

Your income is above the Phillips County median

County median: $60,372 per year

vs. County Median

+0%

vs. State Average

-19%

vs. National Median

-19%

vs. Phillips County MedianAbout equal
vs. Colorado Average19% below
vs. National Median19% below

Income Adequacy

Monthly income covers median rent5.3x

Your monthly income ($5,031) vs. median rent ($947/mo). A ratio of 3.3x or higher means rent is under 30% of income.

Sponsored

Grow Your Wealth

See how your income stacks up in Phillips County, Colorado? Start investing smarter with a robo-advisor that builds a diversified portfolio for you.

Start Investing

Counties with Similar Income Levels

Sponsored

Compare Financial Products in Colorado

Compare savings accounts, CDs, and money market rates from top banks to make the most of your earnings.

Compare Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.