Priority Color configuration will not change the color of a priority's text or icon
Platform Notice: Cloud and Data Center - This article applies equally to both cloud and data center platforms.
Support for Server* products ended on February 15th 2024. If you are running a Server product, you can visit the Atlassian Server end of support announcement to review your migration options.
*Except Fisheye and Crucible
Summary
Changing the Priority Color setting (in Settings > Issues/Work items > Priorities) does not change the color of the text or the icon associated with it.
Solution
The Priority color applies to the Projects gadget
The Priority Color is used in the Projects Gadget to demonstrate the percentage of tasks created within that project of a certain priority:

This Priority Color name is, to a certain extent, misleading, as it is not related to the text or its icon color. To change the icon of a priority, you must update a new icon with the desired color.
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