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 $10.79 $24.41 $30.01 $38.10 $18.11 $22.91 $25.59 $29.28 $13.83 $8.60 $13.83 $16.41 $19.49
Poverty Wage $5.00 $7.00 $9.00 $11.00 $7.00 $9.00 $11.00 $13.00 $3.00 $4.00 $5.00 $6.00
Minimum Wage $8.31 $8.31 $8.31 $8.31 $8.31 $8.31 $8.31 $8.31 $8.31 $8.31 $8.31 $8.31

*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 $3,560 $5,390 $8,023 $10,601 $6,527 $8,260 $10,608 $12,889 $6,527 $8,260 $10,608 $12,889
Child Care $0 $8,352 $12,707 $17,062 $0 $0 $0 $0 $0 $8,352 $12,707 $17,062
Medical $2,119 $6,644 $6,358 $6,518 $5,200 $6,358 $6,518 $6,376 $5,200 $6,358 $6,518 $6,376
Housing $6,637 $10,704 $10,704 $15,593 $8,292 $10,704 $10,704 $15,593 $6,637 $10,704 $10,704 $15,593
Transportation $3,768 $7,155 $9,346 $10,196 $7,155 $9,346 $10,196 $10,231 $7,155 $9,346 $10,196 $10,231
Other $2,799 $4,565 $5,497 $6,845 $4,565 $5,497 $6,845 $6,235 $4,565 $5,497 $6,845 $6,235
Required annual income after taxes $18,883 $42,809 $52,634 $66,815 $31,740 $40,164 $44,871 $51,323 $30,084 $48,516 $57,578 $68,385
Annual taxes $3,556 $7,973 $9,778 $12,425 $5,922 $7,487 $8,352 $9,579 $5,695 $9,021 $10,686 $12,714
Required annual income before taxes $22,440 $50,782 $62,412 $79,240 $37,662 $47,651 $53,223 $60,903 $57,538 $35,779 $57,538 $68,264 $81,099

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $97,320
Business & Financial Operations $66,410
Computer & Mathematical $87,140
Architecture & Engineering $76,620
Life, Physical, & Social Science $64,440
Community & Social Service $46,240
Legal $67,940
Education, Training, & Library $39,990
Arts, Design, Entertainment, Sports, & Media $41,630
Healthcare Practitioners & Technical $64,050
Healthcare Support $28,440
Protective Service $39,160
Food Preparation & Serving Related $19,190
Building & Grounds Cleaning & Maintenance $23,020
Personal Care & Service $22,230
Sales & Related $27,230
Office & Administrative Support $33,060
Farming, Fishing, & Forestry $26,920
Construction & Extraction $38,660
Installation, Maintenance, & Repair $42,220
Production $30,470
Transportation & Material Moving $27,900