Colorado

#8

Colorado

State Facts

Minimum Wage $14.42
2-Bedroom Housing Wage $37.47
Number of Renter Households 770,497
Number of Renter Households
Below 30% AMI
165,225
Percent of Renter Households
Below 30% AMI
21%
Number of Renter Households
Below 50% AMI
294,044
Percent of Renter Households
Below 50% AMI
38%

Affordable Rent for Low Income Households

Minimum Wage Worker

$749/mo

Household at 30% of Area Median Income

$893/mo

Household at 50% of Area Median Income

$1,489/mo

Fair Market Rent

1-Bedroom Fair Market Rent

$1,601/mo

2-Bedroom Fair Market Rent

$1,948/mo

Working at minimum wage $14.42/hr

Each week you have to work 85 hours

To afford a modest 1 bedroom rental home at Fair Market Rent

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Compare Jurisdictions

Colorado
Number of Households
Total 2,278,044
Renter 770,497
Percent Renters 34%
Housing Wage
Zero-Bedroom $27.78
One-Bedroom $30.79
Two-Bedroom $37.47
Three-Bedroom $49.72
Four-Bedroom $56.58
Fair Market Rent
Zero-Bedroom $1,445
One-Bedroom $1,601
Two-Bedroom $1,948
Three-Bedroom $2,586
Four-Bedroom $2,942
Annual Income Needed to Afford
Zero-Bedroom $57,788
One-Bedroom $64,042
Two-Bedroom $77,940
Three-Bedroom $103,420
Four-Bedroom $117,677
Minimum Wage
Minimum Wage $14.42
Rent Affordable for a Full-Time Worker at Minimum Wage $749
Work Hours/Week at Minimum Wage
Zero-Bedroom 77
One-Bedroom 85
Two-Bedroom 104
Three-Bedroom 138
Four-Bedroom 157
Supplemental Security Income (SSI) Payment
SSI Monthly Payment $981
Rent affordable to SSI recipient $294
Income Levels
30% of Area Median Income (AMI) $35,739
50% of Area Median Income (AMI) $59,565
Median Renter Household Income $62,395
Rent Affordable at Different Income Levels
30% of Area Median Income (AMI) $893
50% of Area Median Income (AMI) $1,489
Median Renter Household Income $1,560

Median Wages for State’s Most Common Occupations

Occupation Total Employment Median Hourly Wage
Waiters and Waitresses 44,230 $16.26
Fast Food and Counter Workers 77,500 $17.13
Cashiers 55,270 $17.28
Retail Salespersons 75,200 $17.63
Home Health and Personal Care Aides 41,190 $17.79
Janitors and Cleaners, Except Maids and Housekeeping Cleaners 36,570 $17.89
Cooks, Restaurant 33,120 $18.78
Stockers and Order Fillers 55,430 $19.22
Laborers and Freight, Stock, and Material Movers, Hand 29,400 $20.86
Nursing Assistants 20,820 $20.94
Customer Service Representatives 46,910 $21.44
Landscaping and Groundskeeping Workers 22,380 $21.78
Secretaries and Administrative Assistants, Except Legal, Medical, and Executive 31,740 $22.24
Construction Laborers 20,800 $22.44
First-Line Supervisors of Food Preparation and Serving Workers 24,650 $22.74
Maintenance and Repair Workers, General 22,630 $24.02
Office Clerks, General 32,940 $24.65
Bookkeeping, Accounting, and Auditing Clerks 25,550 $25.15
First-Line Supervisors of Retail Sales Workers 24,660 $25.60
All Occupations 2,832,010 $26.61
Heavy and Tractor-Trailer Truck Drivers 27,500 $28.52
One-Bedroom Housing Wage $30.79
First-Line Supervisors of Office and Administrative Support Workers 25,410 $33.73
Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products 29,580 $36.47
Two-bedrooom Housing Wage $37.47
Market Research Analysts and Marketing Specialists 26,880 $38.04
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel 40,700 $39.40
Business Operations Specialists, All Other 46,620 $40.90
Accountants and Auditors 34,310 $41.47
Registered Nurses 53,480 $42.80
Project Management Specialists 30,400 $49.52
General and Operations Managers 44,710 $62.07
Software Developers 45,270 $66.47