Median Family Income - Charts
What this chart shows: Increase in Median Family Income for 1990, 2000, & 2009 - United States, Colorado & Larimer County
Data Source: United States Census Bureau, United States Department of Housing and Urban Development (HUD)
What these data tell us:
Median Family Income (MFI) increased in the United States, Colorado and Larimer County between the 1990 and 2000 Census. Larimer County's MFI increased 59% in that decade. While this is substantial, in many ways the gain is offset by other factors. For example, while median income increased 59%, the average cost of purchasing a home increased 107%. Increases in the cost of living in a given area directly affect the buying power of household income.Calculators are available online to compare the cost of living among different communities. To illustrate, the 2009 Median Family Income in the Fort Collins/Loveland Metropolitan Statistical Area is $75,200. In Denver, a family would need $82,850 (10.2% more) to maintain the same standard of living.
What this chart shows: Median Family Income in Larimer County Cities & Towns, 1990 & 2000 Census
Data Source: United States Census Bureau
What these data tell us:
Median Family Income (MFI) increased in the United States, Colorado and Larimer County between the 1990 and 2000 Census. In Larimer County cities and towns, there were some dramatic increases during that time. The towns of Wellington (98%) and Berthoud (73%) had the largest increases in the County.What this chart shows: Median Family Income in Larimer County, 2001 - 2009
*HUD collects data for the Fort Collins/Loveland Metropolitan Statistical Area (MSA), which is used to represent Larimer County MFI in this chart.
Data Source: United States Department of Housing and Urban Development (HUD)
What these data tell us:
Larimer County Median Family Income increased by 17.9% in the period between 2001 and 2006. This was higher than Colorado's 13.3% growth and the nation's 13.5% growth for the same period.In 2007, Median Family Income (MFI) estimates were calculated differently from previous years. This was the first time that data gathered from the Census American Community Survey (ACS) in 2005 were used. The 2005 ACS covered more communities nationwide than previous ACS surveys. The 2007 estimate update factors differ from previous years' update factors in two ways:
- The 2007 estimates are based on local area ACS 2005 surveys for places with populations of 65,000 or more, where such surveys were taken. Previously, the Larimer County area was included in the Denver metropolitan/North Front Range MFI calculations.
- Estimates for all other areas now reflect the state-level change between the 2000 Census state and 2005 ACS state estimates, rather than being based on applying ACS changes (e.g., 2000-2004 for FY 2006 estimates) to 2000 Census estimates.
Comparisons among 2007 and previous years are not valid as indicators of changes in local median family income because of the differences in the underlying surveys. The decrease in MFI from 2005 to 2006, however, is not due to the change in methodology. The decrease may be a result of the loss of manufacturing jobs in the area within the last several years. From 2001 to 2005, manufacturing employment decreased by 30%, the largest decrease of all of the industrial sectors. The Manufacturing sector is one of the highest paying sectors that employ vocational labor, at an annual average salary of $61,932 in 2005. See Employment and Average Wages by Industry for more information about employment and wages in Larimer County. For more information on the methodology used to calculate the estimates, see HUD's Median Family Income Notice.
Data Tables:
Median Family Income - United States, Colorado and Larimer County
|
United States |
Colorado |
Larimer |
|
|
1990 |
$35,225 |
$35,930 |
$36,931 |
|
2000 |
$49,600 |
$55,883 |
$58,866 |
|
2009 |
$64,000 |
$71,000 |
$75,200 |
|
% Increase: |
41% |
56% |
59% |
|
% Increase: |
29% |
27% |
28% |
Median Family Income - Larimer County Cities & Towns
|
Berthoud |
Campion |
Estes Park |
Fort Collins |
Loveland |
Timnath |
Wellington |
|
|
1990 |
$ 33,785 |
$ 42,097 |
$ 37,565 |
$ 37,491 |
$ 35,139 |
$38,750 |
$ 24,375 |
|
2000 |
$ 58,491 |
$ 53,611 |
$ 55,667 |
$ 59,332 |
$ 54,337 |
$55,000 |
$ 48,214 |
|
% increase |
73% |
27% |
48% |
58% |
55% |
42% |
98% |
Median Family Income - United States, Colorado, & Larimer County
|
United States |
Colorado |
Larimer County |
|
|
2001 |
$52,500 |
$57,700 |
$58,200 |
|
2002 |
$54,400 |
$61,500 |
$60,800 |
|
2003 |
$56,500 |
$62,200 |
$64,800 |
|
2004 |
$57,500 |
$63,500 |
$66,500 |
|
2005 |
$58,000 |
$65,400 |
$69,200 |
|
2006 |
$59,600 |
$65,400 |
$68,600 |
|
2007 |
$59,000 |
$66,000 |
$68,200 |
|
2008 |
$61,500 |
$67,900 |
$75,000 |
|
2009 |
$64,000 |
$71,000 |
$75.200 |