You May Not Want To Hear How Much Money You Have To Make To Live In Colorado (2024)

FAQs

How much do you need to make to live comfortably in Colorado? ›

The average salary in Colorado is $78,127.38 per year or $43.38 per hour. The average salary varies according to city and county.

How much does a Wealthy make in Colorado? As of Apr 23, 2024, the average annual pay for the Wealthy jobs category in Colorado is $71,016 a year. Just in case you need a simple salary calculator, that works out to be approximately $34.14 an hour. This is the equivalent of $1,365/week or $5,918/month.

Denver ranked as the 12th most expensive city. All of the cities that were more expensive than Denver were near the east and west coasts, and eight of them were in California. According to the study, Denverites who make $100,000 end up bringing home about $74,298 in net income after taxes.

This is equivalent of $1,085 a week or $4,704 a month. Most salaries in Colorado range between $40,013 (25th percentile) to $71,393 (75th percentile) annually. Of course, salaries will vary depending on yor occupation, experience, and many other factors.

Key Findings. On average, an individual needs $96,500 for sustainable comfort in a major U.S. city. This includes being able to pay off debt and invest for the future.

It takes a lot more money to be considered anything above the lower middle class in the Mile High City.

Upper middle class: Anyone with earnings in the 60th to 80th percentile would be considered upper middle class. Those in the upper middle class have incomes between $89,745 and $149,131. Upper class: Finally, the upper class is the top 20% of earners and they have incomes of $149,132 or higher.

What salary is upper middle class? ›

Many have graduate degrees with educational attainment serving as the main distinguishing feature of this class. Household incomes commonly exceed $100,000, with some smaller one-income earners household having incomes in the high 5-figure range. "The upper middle class has grown...and its composition has changed.

Today, middle class describes a broad economic group making up roughly half of the U.S. population. Typically, it has consisted of those in white-collar jobs, small businesses or skilled trades. According to the Pew Research Center, the middle class includes Americans making between $38,133 and $114,400 in 2023.

While ZipRecruiter is seeing salaries as high as $37.91 and as low as $9.61, the majority of salaries within the Hourly Rate jobs category currently range between $16.15 (25th percentile) to $25.53 (75th percentile) in Colorado.

A one-person household must earn less than $66,300 a year, or about $31.88 an hour, to be in the current low-income range for Denver. That's about $1 more an hour compared to last year, when Denverites who made less than $62,600 were included in the low-income range.

If you make $70,000 a year living in the region of Colorado, USA, you will be taxed $16,526. That means that your net pay will be $53,474 per year, or $4,456 per month.

The chart below shows HUD's income ranges effective June 15, 2023. HUD's income limits vary by household size. Single workers who make 50% of the area median income — or $43,450 — are considered “very low” income. “Extremely low” income is at 30% of the area median income, or $26,100 in Denver.

If you make $75,000 a year living in the region of Colorado, USA, you will be taxed $18,237. That means that your net pay will be $56,764 per year, or $4,730 per month.