Colorado

Colorado’s median sale price: $600,000
Colorado’s median sale price to household income: 5.9

Colorado is the 8th biggest and 21st most populated state in the US, with over 5,773,714 inhabitants. This expensive state is home to some of the country’s most beautiful and tallest mountains and has the highest elevation of any state.

Many visitors come to the state for skiing in Aspen and Vail, and outdoor enthusiasts love traveling through the Rocky Mountains or the Great Plains.

According to the state’s Department of Revenue, Colorado generated more than $387 million in tax revenue on marijuana in 2020. But historically speaking, the state has been rich in livestock, agriculture, and mineral extraction.

In addition to tourism, a developing technology scene strengthens the state’s economy, as does the presence of the military, including the US Air Force Academy.