Lamar ranks the poorest of Colorado towns, study finds

PICT Main Street Lamar - wikimedia
Published Friday, August 21, 2020
by The Center Square

Lamar was ranked the poorest town in Colorado in a 24/7 Wall St. analysis examining small, lower-income communities where households earn much less than the nation's median annual household income.

With a population of 7,606, Lamar recorded a median home value of $87,500, based on the U.S. Census Bureau's 2018 American Community Survey.

Lamar's poverty rate was pegged at 22.4 percent, and its median annual household income came in at $37,554.

A lower level of education is one characteristic that residents of the poorest towns have in common, according to the analysis. The share of adults with four-year degrees averages less than 20 percent in most of the towns in the ranking, the study concluded, while nationwide the percentage with bachelor's degrees is 31.5 percent.

The analysis considered only towns with populations of 1,000 to 25,000 residents.

Poorest Towns by State

State

Poorest Town

Median Household Income

Poverty Rate

Median Home Value

Population

Alabama

Selma

$24,820

41.0%

$90,200

18,804

Alaska

Ketchikan

$59,132

12.6%

$237,700

8,224

Arizona

Douglas

$34,154

29.3%

$94,500

16,453

Arkansas

Bald Knob

$30,810

31.3%

$81,900

2,891

California

Orange Cove

$25,660

47.8%

$129,000

9,564

Colorado

Lamar

$37,554

22.4%

$87,500

7,606

Connecticut

Groton

$53,750

13.7%

$207,900

9,109

Delaware

New Castle

$63,573

6.5%

$195,400

5,359

Florida

Avon Park

$30,675

33.0%

$68,400

10,386

Georgia

Fort Valley

$23,542

38.3%

$78,700

8,740

Hawaii

Waianae

$59,213

27.8%

$360,800

14,054

Idaho

Bonners Ferry

$31,619

22.40%

$155,800

2,544

Illinois

Roodhouse

$32,335

22.3%

$47,600

1,792

Indiana

Connersville

$33,415

24.9%

$71,000

13,069

Iowa

Onawa

$31,469

28.8%

$87,400

2,830

Kansas

Fort Scott

$32,576

18.8%

$62,300

7,800

Kentucky

Paducah

$35,419

22.3%

$117,900

24,879

Louisiana

Natchitoches

$21,854

46.8%

$156,000

18,080

Maine

Presque Isle

$37,401

22.0%

$107,000

9,162

Maryland

Cumberland  

$34,750

22.6%

$93,000

19,845

Massachusetts

North Adams

$39,411

17.5%

$144,300

13,089

Michigan

Hamtramck

$25,478

49.1%

$64,500

21,941

Minnesota

Little Falls

$38,862

18.0%

$128,400

8,664

Mississippi

Yazoo City

$23,970

42.6%

$68,300

11,076

Missouri

Unionville

$29,440

25.1%

$63,600

1,998

Montana

Havre

$46,419

17.7%

$143,900

9,762

Nebraska

Superior

$36,422

12.7%

$61,100

1,929

Nevada

Laughlin

$33,851

15.1%

$147,600

7,502

New Hampshire

Berlin

$38,315

19.8%

$88,300

10,382

New Jersey

Crestwood Village

$28,708

10.4%

$72,700

8,164

New Mexico

Belen

$33,553

24.4%

$104,300

7,106

New York

New Square

$23,578

63.3%

$376,400

8,133

North Carolina

Laurinburg

$29,388

34.0%

$102,400

15,253

North Dakota

Valley City

$49,194

11.4%

$110,000

6,487

Ohio

East Cleveland

$21,439

38.9%

$57,800

17,321

Oklahoma

Hugo

$24,548

41.5%

$64,400

5,184

Oregon

Prineville

$34,630

23.4%

$164,300

9,748

Pennsylvania

Johnstown

$24,294

38.7%

$39,700

19,812

Rhode Island

Central Falls

$31,724

32.8%

$147,800

19,382

South Carolina

Dunean

$29,329

20.7%

$82,100

3,605

South Dakota

Sisseton

$38,167

21.3%

$71,000

2,486

Tennessee

Harriman

$30,756

20.9%

$97,400

6,136

Texas

Cooper

$31,529

40.9%

$56,300

2,213

Utah

Ephraim

$39,915

28.0%

$209,000

6,987

Vermont

Fair Haven

$48,367

14.8%

$143,500

2,280

Virginia

Farmville

$37,722

33.1%

$174,200

8,076

Washington

Kelso

$37,450

27.4%

$133,900

11,983

West Virginia

Kenova

$33,938

19.3%

$75,700

3,095

Wisconsin

Whitewater

$34,563

39.0%

$164,500

14,766

Wyoming

Riverton

$51,033

13.3%

$162,600

11,069

Source: 24/7 Wall St.

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