Colorado's 2023 minimum wage rate is $13.65 per hour. This is a $1.09 increase in the hourly minimum wage rate from 2022.
What is a liveable wage in Colorado Springs?
$17.48Living Wage Calculation for Colorado Springs, CO
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Living Wage | $17.48 | $35.58 |
| Poverty Wage | $6.53 | $11.07 |
| Minimum Wage | $13.65 | $13.65 |
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What is a good hourly wage in Colorado?
Average Salary in Colorado
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $85,387 | $41 |
| 75th Percentile | $71,105 | $34 |
| Average | $56,188 | $27 |
| 25th Percentile | $41,270 | $20 |
What is the minimum wage in Colorado going to be in 2024?
Colorado's minimum wage is expected to rise to $14.42 from $13.65 effective Jan. 1, 2024, according to the state labor and employment department website. The hourly tipped minimum wage is expected to rise to $11.40 from $10.63, based on a $3.02 maximum tip credit.
How much do you make at Mcdonald’s in Colorado?
How much does a Crew Member Mcdonalds make in Colorado? As of Nov 3, 2023, the average hourly pay for a Crew Member Mcdonalds in Colorado is $12.48 an hour.
How much does Walmart pay in Colorado?
Walmart salaries range between $19,000 to $53,000 per year in Colorado.
What is considered a good salary in Colorado Springs?
Average Salary in Colorado Springs, CO
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $86,928 | $7,244 |
| 75th Percentile | $74,376 | $6,198 |
| Average | $58,377 | $4,864 |
| 25th Percentile | $42,378 | $3,531 |
Is Colorado Springs cheap to live in?
Is it expensive to live in Colorado Springs? That depends. While the cost of living here is 8 percent higher than the national average, it's lower than nearby Denver — which is nearly 28 percent higher than the national average. And, surprisingly, not everything is more expensive here.
What is minimum wage in Colorado Springs?
What is a liveable wage in Colorado?
What is the living wage in Colorado? The living wage in Colorado is $16.54 per hour, or $34,488 per year. This is the hourly wage that a worker needs to earn to support themselves and their family. The living wage is higher than the minimum wage, but it is still below the average wage.
What state has the lowest minimum wage?
Currently, 30 states and Washington D.C. have minimum wages above the federal minimum wage of $7.25 per hour. Five states have not adopted a state minimum wage: Alabama, Louisiana, Mississippi, South Carolina and Tennessee. Two states, Georgia and Wyoming, have a minimum wage below $7.25 per hour.
What state does McDonald’s pay the most?
What Is the Average Mcdonalds Restaurants Salary by State
| State | Annual Salary | Hourly Wage |
|---|---|---|
| California | $35,431 | $17.03 |
| Massachusetts | $33,293 | $16.01 |
| Nevada | $33,161 | $15.94 |
| Vermont | $32,831 | $15.78 |
What is starting pay at mcdonalds in Colorado?
As of Nov 8, 2023, the average hourly pay for a Crew Member Mcdonalds in Colorado is $12.48 an hour. While ZipRecruiter is seeing salaries as high as $16.42 and as low as $7.53, the majority of Crew Member Mcdonalds salaries currently range between $10.96 (25th percentile) to $14.13 (75th percentile) in Colorado.
How much does target pay in Colorado?
Target Store Salary in Colorado
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $70,696 | $5,891 |
| 75th Percentile | $55,000 | $4,583 |
| Average | $44,867 | $3,738 |
| 25th Percentile | $36,500 | $3,041 |
How much does a Walmart cashier make in Colorado?
Average Walmart Cashier hourly pay in Colorado is approximately $15.15, which is 18% above the national average.
How much does a person need to make to live comfortably in Colorado?
According to Uncover Colorado, a single person can expect an average monthly living cost of $2,061 (equating to around $24,732 annually), while a family of four can expect an average monthly living cost of $3,726 (equating to about $44,700 annually).
What is a comfortable salary to live in Colorado?
The salary needed to live in the Denver area "comfortably" is $70,892, a new study shows. Why it matters: Affordability is a leading concern in the metro, and the latest numbers only reinforce those fears.
Is rent high in Colorado Springs?
Colorado Springs is the #40 most expensive large city in the U.S., with a median rent of $1,501. Citywide, the median rent currently stands at $1,165 for a 1-bedroom apartment and $1,460 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,501.