Even so, the example is a tad puffed up:
if (count > 100) {
$el.removeClass('low-value');
$el.addClass('high-value');
} else if (count < 50) {
$el.removeClass('high-value');
$el.addClass('low-value');
} else {
$el.removeClass('high-value');
$el.removeClass('low-value');
}
Compare to how this would normally be written: $el.toggleClass('high-value', count > 100);
$el.toggleClass('low-value', count < 50);