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 themselves and/or their family, working full-time, or 2080 hours per year. The tables below provide living wage estimates for individuals and households with one or two working adults and zero to three children. In households with two working adults, all hourly values reflect what one working adult requires to earn to meet their families’ basic needs, assuming the other adult also earns the same.

The poverty wage and state minimum wage are for reference purposes. Poverty wage estimates come from the Department of Health and Human Services’ Poverty Guidelines for 2024 and have been converted from an annual value to an hourly wage for ease of comparison. The state minimum wage data is sourced from the Labor Law Center and includes the minimum wage in a given state as of January of that year.

For further detail, please reference the Methodology page. The data on this page was last updated on February 14, 2024.

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 $23.03 $43.47 $56.08 $74.05 $32.09 $38.72 $43.68 $48.64 $16.04 $24.02 $30.41 $36.43
Poverty Wage $7.24 $9.83 $12.41 $15.00 $9.83 $12.41 $15.00 $17.59 $4.91 $6.21 $7.50 $8.79
Minimum Wage $14.42 $14.42 $14.42 $14.42 $14.42 $14.42 $14.42 $14.42 $14.42 $14.42 $14.42 $14.42

Typical Expenses

The table below shows the costs of each basic need that go into estimating the living wage. Like with the living wage, their values vary by location and family size.

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 $4,338 $6,395 $9,592 $12,750 $7,954 $9,901 $12,751 $15,547 $7,954 $9,901 $12,751 $15,547
Child Care $0 $16,083 $29,703 $40,018 $0 $0 $0 $0 $0 $16,083 $29,703 $40,018
Medical $2,584 $7,619 $7,507 $7,970 $5,397 $7,507 $7,970 $7,565 $5,397 $7,507 $7,970 $7,565
Housing $14,291 $20,831 $20,831 $29,360 $16,961 $20,831 $20,831 $29,360 $16,961 $20,831 $20,831 $29,360
Transportation $9,584 $11,092 $13,972 $16,077 $11,092 $13,972 $16,077 $16,058 $11,092 $13,972 $16,077 $16,058
Civic $3,032 $5,335 $6,715 $7,776 $5,335 $6,715 $7,776 $7,269 $5,335 $6,715 $7,776 $7,269
Internet & Mobile $2,058 $2,058 $2,058 $2,058 $2,653 $2,653 $2,653 $2,653 $2,653 $2,653 $2,653 $2,653
Other $4,739 $8,459 $8,994 $12,431 $8,459 $8,994 $12,431 $11,950 $8,459 $8,994 $12,431 $11,950
Required annual income after taxes $40,626 $77,873 $99,373 $128,440 $57,851 $70,572 $80,489 $90,402 $57,851 $86,656 $110,192 $130,420
Annual taxes $7,280 $12,552 $17,279 $25,581 $8,886 $9,966 $10,366 $10,765 $8,886 $13,258 $16,313 $21,117
Required annual income before taxes $47,906 $90,425 $116,652 $154,021 $66,737 $80,538 $90,855 $101,167 $66,737 $99,914 $126,505 $151,537

Typical Annual Salaries

The average annual salaries for various occupations in the table below comes from the latest state-level data from the Bureau of Labor Statistics’ Occupational Employment and Wage Estimates. When available, this data is specific to a given metro area.

Occupational Area Typical Annual Salary
Management $135,560
Business & Financial Operations $82,490
Computer & Mathematical $112,510
Architecture & Engineering $102,120
Life, Physical, & Social Science $83,050
Community & Social Service $55,030
Legal $92,670
Education, Training, & Library $51,750
Arts, Design, Entertainment, Sports, & Media $68,280
Healthcare Practitioners & Technical $97,560
Healthcare Support $39,430
Protective Service $53,590
Food Preparation & Serving Related $35,810
Building & Grounds Cleaning & Maintenance $38,890
Personal Care & Service $39,800
Sales & Related $50,630
Office & Administrative Support $45,030
Farming, Fishing, & Forestry $40,230
Construction & Extraction $54,860
Installation, Maintenance, & Repair $55,200
Production $45,400
Transportation & Material Moving $40,660