Living Wage Calculation for Colorado Springs, CO

The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. The assumption is the sole provider is working full-time (2080 hours per year). The tool provides information for individuals, and households with one or two working adults and zero to three children. In the case of households with two working adults, all values are per working adult, single or in a family unless otherwise noted.

The state minimum wage is the same for all individuals, regardless of how many dependents they may have. Data are updated annually, in the first quarter of the new year. State minimum wages are determined based on the posted value of the minimum wage as of January one of the coming year (National Conference of State Legislatures, 2019). The poverty rate reflects a person's 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.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children
Living Wage $14.77 $31.96 $40.09 $52.90 $24.45 $29.64 $33.39 $37.39 $11.68 $17.48 $22.01 $26.67
Poverty Wage $6.13 $8.29 $10.44 $12.60 $8.29 $10.44 $12.60 $14.75 $4.14 $5.22 $6.30 $7.38
Minimum Wage $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00

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.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children
Food $3,792 $5,574 $8,343 $11,093 $6,952 $8,639 $11,106 $13,540 $6,952 $8,639 $11,106 $13,540
Child Care $0 $9,001 $18,003 $27,004 $0 $0 $0 $0 $0 $9,001 $18,003 $27,004
Medical $2,810 $8,448 $8,135 $8,275 $6,276 $8,135 $8,275 $7,929 $6,276 $8,135 $8,275 $7,929
Housing $8,909 $13,682 $13,682 $19,737 $10,744 $13,682 $13,682 $19,737 $8,909 $13,682 $13,682 $19,737
Transportation $4,900 $8,987 $11,186 $13,317 $8,987 $11,186 $13,317 $12,085 $8,987 $11,186 $13,317 $12,085
Civic $1,811 $3,889 $3,554 $4,127 $3,889 $3,554 $4,127 $3,982 $3,889 $3,554 $4,127 $3,982
Other $2,794 $4,553 $4,996 $6,037 $4,553 $4,996 $6,037 $6,055 $4,553 $4,996 $6,037 $6,055
Required annual income after taxes $25,017 $54,133 $67,900 $89,591 $41,400 $50,193 $56,544 $63,328 $39,566 $59,194 $74,547 $90,332
Annual taxes $5,709 $12,353 $15,495 $20,445 $9,448 $11,454 $12,903 $14,451 $9,029 $13,508 $17,012 $20,614
Required annual income before taxes $30,726 $66,487 $83,395 $110,035 $50,848 $61,647 $69,448 $77,780 $48,595 $72,702 $91,559 $110,946

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $106,315
Business & Financial Operations $69,895
Computer & Mathematical $96,289
Architecture & Engineering $89,466
Life, Physical, & Social Science $71,726
Community & Social Service $48,032
Legal $71,511
Education, Training, & Library $46,712
Arts, Design, Entertainment, Sports, & Media $50,150
Healthcare Practitioners & Technical $71,879
Healthcare Support $32,277
Protective Service $40,257
Food Preparation & Serving Related $24,932
Building & Grounds Cleaning & Maintenance $28,789
Personal Care & Service $26,691
Sales & Related $31,131
Office & Administrative Support $37,188
Farming, Fishing, & Forestry $28,144
Construction & Extraction $45,454
Installation, Maintenance, & Repair $46,927
Production $35,060
Transportation & Material Moving $31,418