State Facts
| Minimum Wage | $15.16 |
|---|---|
| 2-Bedroom Housing Wage | $36.44 |
| Number of Renter Households | 802,483 |
| Number of Renter Households Below 30% AMI |
187,042 |
| Percent of Renter Households Below 30% AMI |
22% |
| Number of Renter Households Below 50% AMI |
313,968 |
| Percent of Renter Households Below 50% AMI |
37% |
Working at minimum wage $15.16/hr
Each week you have to work 80 hours
To afford a modest 1 bedroom rental home at Fair Market Rent
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| Colorado | Colorado Non-metropolitan areas | Boulder MSA | Colorado Springs HMFA | Denver-Aurora-Centennial MSA | Fort Collins-Loveland MSA | Grand Junction MSA | Greeley MSA | Pueblo MSA | Teller County HMFA | |
|---|---|---|---|---|---|---|---|---|---|---|
Number of Households |
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| Total | 2,374,218 | 300,652 | 137,008 | 290,190 | 1,221,636 | 154,232 | 65,830 | 124,287 | 68,523 | 11,860 |
| Renter | 802,483 | 86,300 | 52,108 | 97,958 | 439,123 | 55,495 | 18,123 | 29,797 | 21,324 | 2,255 |
| Percent Renters | 34% | 29% | 38% | 34% | 36% | 36% | 28% | 24% | 31% | 19% |
Housing Wage |
||||||||||
| Zero-Bedroom | $28.02 | $20.93 | $29.87 | $23.00 | $31.60 | $29.02 | $16.94 | $22.52 | $16.83 | $19.79 |
| One-Bedroom | $30.47 | $22.43 | $34.52 | $28.15 | $33.73 | $29.56 | $18.96 | $23.81 | $18.60 | $26.19 |
| Two-Bedroom | $36.44 | $28.28 | $40.85 | $33.37 | $40.17 | $33.31 | $24.02 | $30.06 | $24.40 | $28.71 |
| Three-Bedroom | $48.29 | $36.39 | $54.23 | $46.40 | $52.58 | $45.87 | $33.40 | $41.81 | $31.10 | $39.92 |
| Four-Bedroom | $54.44 | $43.02 | $62.29 | $52.77 | $58.63 | $48.85 | $40.29 | $49.81 | $36.40 | $48.17 |
Fair Market Rent |
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| Zero-Bedroom | $1,457 | $1,088 | $1,553 | $1,196 | $1,643 | $1,509 | $881 | $1,171 | $875 | $1,029 |
| One-Bedroom | $1,585 | $1,166 | $1,795 | $1,464 | $1,754 | $1,537 | $986 | $1,238 | $967 | $1,362 |
| Two-Bedroom | $1,895 | $1,471 | $2,124 | $1,735 | $2,089 | $1,732 | $1,249 | $1,563 | $1,269 | $1,493 |
| Three-Bedroom | $2,511 | $1,892 | $2,820 | $2,413 | $2,734 | $2,385 | $1,737 | $2,174 | $1,617 | $2,076 |
| Four-Bedroom | $2,831 | $2,237 | $3,239 | $2,744 | $3,049 | $2,540 | $2,095 | $2,590 | $1,893 | $2,505 |
Annual Income Needed to Afford |
||||||||||
| Zero-Bedroom | $58,272 | $43,535 | $62,120 | $47,840 | $65,720 | $60,360 | $35,240 | $46,840 | $35,000 | $41,160 |
| One-Bedroom | $63,381 | $46,645 | $71,800 | $58,560 | $70,160 | $61,480 | $39,440 | $49,520 | $38,680 | $54,480 |
| Two-Bedroom | $75,797 | $58,829 | $84,960 | $69,400 | $83,560 | $69,280 | $49,960 | $62,520 | $50,760 | $59,720 |
| Three-Bedroom | $100,436 | $75,684 | $112,800 | $96,520 | $109,360 | $95,400 | $69,480 | $86,960 | $64,680 | $83,040 |
| Four-Bedroom | $113,231 | $89,490 | $129,560 | $109,760 | $121,960 | $101,600 | $83,800 | $103,600 | $75,720 | $100,200 |
Minimum Wage |
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| Minimum Wage | $15.16 | $15.16 | $15.16 | $15.16 | $15.16 | $15.16 | $15.16 | $15.16 | $15.16 | $15.16 |
| Rent Affordable for a Full-Time Worker at Minimum Wage | $788 | $788 | $788 | $788 | $788 | $788 | $788 | $788 | $788 | $788 |
Work Hours/Week at Minimum Wage |
||||||||||
| Zero-Bedroom | 74 | 55 | 79 | 61 | 83 | 77 | 45 | 59 | 44 | 52 |
| One-Bedroom | 80 | 59 | 91 | 74 | 89 | 78 | 50 | 63 | 49 | 69 |
| Two-Bedroom | 96 | 75 | 108 | 88 | 106 | 88 | 63 | 79 | 64 | 76 |
| Three-Bedroom | 127 | 96 | 143 | 122 | 139 | 121 | 88 | 110 | 82 | 105 |
| Four-Bedroom | 144 | 114 | 164 | 139 | 155 | 129 | 106 | 131 | 96 | 127 |
Supplemental Security Income (SSI) Payment |
||||||||||
| SSI Monthly Payment | $1,032 | $1,032 | $1,032 | $1,032 | $1,032 | $1,032 | $1,032 | $1,032 | $1,032 | $1,032 |
| Rent affordable to SSI recipient | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 | $310 |
Income Levels |
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| 30% of Area Median Income (AMI) | $39,297 | $30,701 | $45,000 | $34,920 | $43,200 | $39,120 | $30,180 | $38,400 | $26,310 | $33,780 |
| 50% of Area Median Income (AMI) | $65,495 | $51,168 | $75,000 | $58,200 | $72,000 | $65,200 | $50,300 | $64,000 | $43,850 | $56,300 |
| Median Renter Household Income | $67,722 | $53,648 | $66,875 | $65,046 | $74,473 | $63,482 | $49,320 | $57,621 | $41,495 | $61,357 |
Rent Affordable at Different Income Levels |
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| 30% of Area Median Income (AMI) | $982 | $768 | $1,125 | $873 | $1,080 | $978 | $755 | $960 | $658 | $845 |
| 50% of Area Median Income (AMI) | $1,637 | $1,279 | $1,875 | $1,455 | $1,800 | $1,630 | $1,258 | $1,600 | $1,096 | $1,408 |
| Median Renter Household Income | $1,693 | $1,341 | $1,672 | $1,626 | $1,862 | $1,587 | $1,233 | $1,441 | $1,037 | $1,534 |
Median Wages for State’s Most Common Occupations
| Occupation | Total Employment | Median Hourly Wage |
|---|---|---|
| Fast Food and Counter Workers | 82,010 | $17.93 |
| Cashiers | 51,670 | $18.21 |
| Retail Salespersons | 76,660 | $18.76 |
| Home Health and Personal Care Aides | 44,650 | $19.05 |
| Janitors and Cleaners, Except Maids and Housekeeping Cleaners | 34,220 | $19.08 |
| Cooks, Restaurant | 30,600 | $20.56 |
| Stockers and Order Fillers | 55,520 | $20.93 |
| Waiters and Waitresses | 40,680 | $22.17 |
| Laborers and Freight, Stock, and Material Movers, Hand | 31,140 | $22.42 |
| Landscaping and Groundskeeping Workers | 21,990 | $22.61 |
| Nursing Assistants | 22,240 | $23.41 |
| Customer Service Representatives | 38,770 | $23.50 |
| Secretaries and Administrative Assistants, Except Legal, Medical, and Executive | 29,120 | $24.06 |
| First-Line Supervisors of Food Preparation and Serving Workers | 25,510 | $24.98 |
| Maintenance and Repair Workers, General | 22,960 | $25.34 |
| Office Clerks, General | 31,770 | $26.47 |
| Bookkeeping, Accounting, and Auditing Clerks | 26,140 | $26.68 |
| First-Line Supervisors of Retail Sales Workers | 26,390 | $28.76 |
| All Occupations | 2,873,900 | $29.55 |
| Heavy and Tractor-Trailer Truck Drivers | 25,350 | $30.39 |
| Housing Wage 1 Bedroom | $30.47 | |
| Housing Wage 2 Bedroom | $36.44 | |
| First-Line Supervisors of Office and Administrative Support Workers | 26,100 | $37.86 |
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | 27,530 | $39.16 |
| Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel | 37,810 | $39.44 |
| First-Line Supervisors of Construction Trades and Extraction Workers | 21,380 | $40.14 |
| Business Operations Specialists, All Other | 45,670 | $45.72 |
| Market Research Analysts and Marketing Specialists | 27,880 | $45.99 |
| Accountants and Auditors | 35,410 | $47.95 |
| Registered Nurses | 54,490 | $49.54 |
| Project Management Specialists | 32,390 | $54.38 |
| General and Operations Managers | 41,870 | $65.16 |
| Software Developers | 43,320 | $68.38 |