Salary Overview for Colorado
The median individual income in Colorado is $43,810 per year, while the mean (average) individual income is $56,120. The median household income is $87,598.
Cost of Living Adjusted Salary
Colorado's cost of living index is 105 (national average = 100). This means the median salary of $43,810 in Colorado has the purchasing power of approximately $41,724 at the national average cost of living. Colorado is roughly in line with the national average cost of living.
Minimum Wage in Colorado
The current minimum wage in Colorado is $14.42/hour, which equals approximately $29,994 per year for a full-time worker (40 hours/week, 52 weeks). See our complete Colorado minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in Colorado
- UCHealth
- Lockheed Martin
- University of Colorado
Major Industries in Colorado
- Technology
- Aerospace
- Tourism
Tax Rates in Colorado
See the full tax breakdown including income tax, sales tax, property tax, and more on our Colorado tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in Colorado after federal and state taxes.