Living Wage Calculation for Colorado Springs, CO

The living wage shown is the hourly rate that an individual must earn to support their family, if they are the sole provider and are working full-time (2080 hours per year). All values are per adult in a family unless otherwise noted. The state minimum wage is the same for all individuals, regardless of how many dependents they may have. The poverty rate is typically quoted as gross annual income. We have converted it to an hourly wage for the sake of comparison.

For further detail, please reference the technical documentation here.

Hourly Wages 1 Adult 1 Adult 1 Child 1 Adult 2 Children 1 Adult 3 Children 2 Adults (1 Working) 2 Adults (1 Working) 1 Child 2 Adults (1 Working) 2 Children 2 Adults (1 Working) 3 Children 2 Adults (1 Working Part Time) 1 Child* 2 Adults 2 Adults 1 Child 2 Adults 2 Children 2 Adults 3 Children
Living Wage $11.99 $26.41 $30.93 $39.13 $19.69 $23.66 $26.37 $30.56 $28.01 $9.38 $14.43 $16.88 $20.07
Poverty Wage $5.84 $7.91 $9.99 $12.07 $7.91 $9.99 $12.07 $14.14 $3.96 $5.00 $6.03 $7.07
Minimum Wage $10.20 $10.20 $10.20 $10.20 $10.20 $10.20 $10.20 $10.20 $10.20 $10.20 $10.20 $10.20

*Documentation for families with an adult working part-time is available separately, here.

Typical Expenses

These figures show the individual expenses that went into the living wage estimate. Their values vary by family size, composition, and the current location.

Annual Expenses 1 Adult 1 Adult 1 Child 1 Adult 2 Children 1 Adult 3 Children 2 Adults (1 Working) 2 Adults (1 Working) 1 Child 2 Adults (1 Working) 2 Children 2 Adults (1 Working) 3 Children 2 Adults (1 Working Part Time) 1 Child* 2 Adults 2 Adults 1 Child 2 Adults 2 Children 2 Adults 3 Children
Food $3,573 $5,267 $7,929 $10,517 $6,551 $8,154 $10,529 $12,820 $6,551 $8,154 $10,529 $12,820
Child Care $0 $9,133 $12,967 $16,800 $0 $0 $0 $0 $0 $9,133 $12,967 $16,800
Medical $2,367 $6,958 $6,615 $6,697 $5,771 $6,615 $6,697 $6,416 $5,771 $6,615 $6,697 $6,416
Housing $7,818 $12,250 $12,250 $17,816 $9,520 $12,250 $12,250 $17,816 $7,818 $12,250 $12,250 $17,816
Transportation $4,206 $7,664 $9,011 $10,425 $7,664 $9,011 $10,425 $10,307 $7,664 $9,011 $10,425 $10,307
Other $2,976 $4,951 $5,375 $6,256 $4,951 $5,375 $6,256 $6,121 $4,951 $5,375 $6,256 $6,121
Required annual income after taxes $20,940 $46,222 $54,147 $68,511 $34,456 $41,404 $46,157 $53,481 $32,754 $50,537 $59,124 $70,281
Annual taxes $3,993 $8,706 $10,179 $12,883 $6,505 $7,811 $8,694 $10,091 $6,267 $9,508 $11,103 $13,212
Required annual income before taxes $24,933 $54,928 $64,326 $81,394 $40,961 $49,215 $54,851 $63,571 $58,255 $39,021 $60,045 $70,228 $83,493

Typical Annual Salaries

These are the typical annual salaries for various professions in this location.

Occupational Area Typical Annual Salary
Management $103,221
Business & Financial Operations $70,920
Computer & Mathematical $95,629
Architecture & Engineering $76,536
Life, Physical, & Social Science $65,992
Community & Social Service $47,269
Legal $66,620
Education, Training, & Library $45,006
Arts, Design, Entertainment, Sports, & Media $46,117
Healthcare Practitioners & Technical $69,809
Healthcare Support $31,201
Protective Service $40,768
Food Preparation & Serving Related $21,253
Building & Grounds Cleaning & Maintenance $25,142
Personal Care & Service $24,319
Sales & Related $29,411
Office & Administrative Support $34,513
Farming, Fishing, & Forestry $30,573
Construction & Extraction $42,651
Installation, Maintenance, & Repair $45,387
Production $34,369
Transportation & Material Moving $30,224