Living Wage Calculation for Fort Collins, 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 $12.84 $26.97 $31.49 $39.95 $20.43 $24.22 $26.93 $31.38 $9.81 $14.71 $17.16 $20.48
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

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 $3,573 $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 $9,384 $13,272 $13,272 $19,308 $10,860 $13,272 $13,272 $19,308 $9,384 $13,272 $13,272 $19,308
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 $22,506 $47,244 $55,169 $70,003 $35,796 $42,427 $47,179 $54,973 $34,320 $51,560 $60,146 $71,773
Annual taxes $4,211 $8,849 $10,321 $13,091 $6,692 $7,954 $8,837 $10,299 $6,486 $9,650 $11,246 $13,420
Required annual income before taxes $26,717 $56,093 $65,490 $83,095 $42,488 $50,380 $56,016 $65,272 $40,806 $61,210 $71,392 $85,193

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $104,795
Business & Financial Operations $64,336
Computer & Mathematical $91,494
Architecture & Engineering $79,602
Life, Physical, & Social Science $63,009
Community & Social Service $47,938
Legal $77,545
Education, Training, & Library $49,347
Arts, Design, Entertainment, Sports, & Media $40,665
Healthcare Practitioners & Technical $69,263
Healthcare Support $32,713
Protective Service $36,591
Food Preparation & Serving Related $22,951
Building & Grounds Cleaning & Maintenance $28,547
Personal Care & Service $25,543
Sales & Related $27,446
Office & Administrative Support $35,810
Farming, Fishing, & Forestry $29,493
Construction & Extraction $46,282
Installation, Maintenance, & Repair $46,539
Production $38,988
Transportation & Material Moving $31,252