Quick Answer: What Is Considered A Living Wage In Colorado?

What salary do you need to live comfortably in Denver?

The group estimates a family of two adults and two children in Denver County would need to earn a combined $92,426 per year — or $7,702 a month — to live comfortably.

Screenshot of Economic Policy Institute’s 2018 family expenses calculator in Denver..

What would be considered a living wage?

The living wage in the United States is $16.54 per hour, or $68,808 per year, in 2019, before taxes for a family of four (two working adults, two children), compared to $16.14 in 2018.

What is Colorado’s minimum wage 2020?

$12.00For 2020, the Colorado state minimum wage rate is $12.00. No more than $3.02 per hour in tip income may be used to offset the minimum wage of tipped employees.

What’s the cheapest city to live in in Colorado?

Below are the cheapest places to live in Colorado that are in close proximity to the mountains and / or national forests.Trinidad. One of the cheapest places to live in Colorado, based on median home price, is Trinidad. … Pueblo. … Canon City. … Grand Junction. … Colorado Springs. … Greeley. … Aurora. … Loveland.More items…•

What is considered low income in Colorado?

The study found that 8 percent of Colorado households meet the federal poverty definition, which for a family of two is around $16,460 and below, regardless of the county.

How much do you need to make to live comfortably in Colorado?

How much do you need to earn to live in Colorado? According to data from HowMuch.net, in order to comfortably afford to live in any city in Colorado, you have to earn a whopping $100,200 yearly salary. This works out to earning between $6,000-8,300 per month.