Do Good Salary in Colorado Springs, CO
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $122,138 | $10,178 |
| 75th Percentile | $114,152 | $9,512 |
| Average | $67,352 | $5,612 |
| 25th Percentile | $35,701 | $2,975 |
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Contents
What is a livable salary in Colorado Springs?
Living Wage Calculation for El Paso County, Colorado
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $14.78 | $33.39 |
| Poverty Wage | $6.13 | $12.60 |
| Minimum Wage | $12.00 | $12.00 |
What salary do you need to live comfortably in Colorado Springs?
Most financial advisors recommend spending no more than 30 percent of your annual income on rent. This means you would need to earn around $40,960 per year to comfortably afford a one-bedroom apartment in Colorado Springs.
What is a good annual salary in Colorado?
$7,046 is the 90th percentile. Salaries above this are outliers. $894 is the 25th percentile. Wages below this are outliers.
What are Top 10 Highest Paying Cities for Average Jobs in Colorado.
| City | Centennial |
|---|---|
| Annual Salary | $65,995 |
| Monthly Pay | $5,500 |
| Weekly Pay | $1,269 |
| Hourly Wage | $31.73 |
What is the cost of living in Colorado Springs?
Colorado Springs cost of living is 104.5
| COST OF LIVING | Colorado Springs | Colorado |
|---|---|---|
| Grocery | 98.4 | 100.7 |
| Health | 95.1 | 95.8 |
| Housing | 124.5 | 166.1 |
| Median Home Cost | $410,900 | $488,600 |
Why are houses in Colorado Springs so expensive?
The median price of a home in Colorado Springs is $339,000. “Things are a lot more expensive that’s for sure.He says the rising costs of homes are because of the price of land and regulatory costs. “There has been a number of fees and entitlement costs added to the cost of that lot.
Is it cheaper to live in Denver or Colorado Springs?
Colorado Springs is 18.8% less expensive than Denver. Colorado Springs housing costs are 32.4% less expensive than Denver housing costs. Health related expenses are 2.8% more in Colorado Springs.
What is a good salary for a single person in Colorado?
In more recent data, a good salary in Colorado is roughly $62,000 per year, or approximately $5,168 per month. This will ensure all of your bills are paid and still leave room for a bit of discretionary income.
What is middle class in Colorado?
In 2018, the Bell reported that the proportion of middle-income families — defined as income ranging from $38,900 to $118,000 — in Colorado had dropped to 49.6% in 2016 from 53% in 2000.
Is Colorado an expensive state to live in?
Colorado has been ranked as one of the top 10 most expensive states to live in by U.S. News & World Report. This is mainly due to the fact that housing in Colorado is 34% more expensive than the rest of the United States. You can expect to pay about $1300 per month for rent or $1,750 for a mortgage.
What is a good salary to live comfortably in Colorado?
As the average rent price for a one-bedroom apartment in Denver, Colorado is $1,501 per month, a resident should earn at least $4,503 monthly in pre-tax income to live comfortably.
Is 100k a good salary in Denver?
If you earn a $100,000 salary, then you’re well ahead of the median worker in the U.S. But if you live in Denver, it’s harder to make that money go as far as in other major U.S. cities.Denver ranks in the bottom 15, according to the report.
What is a good salary?
According to the census, the national average household income in 2019 was $68,703. A living wage would fall below this number while an ideal wage would exceed this number. Given this, a good salary would be $75,000.
What jobs are in high demand in Colorado?
As of April 13, the top 10 jobs advertised in Colorado were:
- Registered nurses, 3,837.
- Retail salespersons, 1,579.
- Customer service representatives, 1,147.
- Computer system engineers/architects, 835.
- First-line supervisors of food preparation and serving workers, 792.
- Nursing assistants, 768.
Is it worth moving to Colorado Springs?
Expect a High Quality of Life, and Not Just Because of the Elevation. One of the most important things about living in Colorado Springs is the city’s quality of life. Due to great weather year-round, residents are frequently able to enjoy a variety of outdoor activities.
Is Colorado cheaper than California?
The cost of living in Denver, CO is -20.2% lower than in Los Angeles, CA. You would have to earn a salary of $47,857 to maintain your current standard of living. Employers in Denver, CO typically pay -10.6% less than employers in Los Angeles, CA.
What is minimum wage in Colorado Springs?
$12.32
If an employee is covered by federal and Colorado state minimum wage laws, then the employer must pay the higher minimum wage. Federal minimum wage is currently $7.25 per hour, which is lower than the 2021 Colorado state minimum wage of $12.32.
How much is a gallon of milk in Colorado Springs?
Cost of Living in Colorado Springs
| Restaurants | Edit |
|---|---|
| Coke/Pepsi (12 oz small bottle) | 2.19$ |
| Water (12 oz small bottle) | 1.79$ |
| Markets | Edit |
| Milk (regular), (1 gallon) | 3.06$ |
Are home prices dropping in Colorado Springs?
Home values in Colorado Springs have dropped after reaching new highs over the summer.Total year-to-date sales for homes in Colorado Springs are also up in September 2021 compared with previous years.
Is 60000 a good salary in Denver?
The average annual salary in Denver for 2019 is around $60,000 per year, give or take.Most would say that’s a pretty darn good number, but the catch is that cost of living in Denver is about 12 percent higher than the rest of the country.
Is Colorado Springs higher elevation than Denver?
Lowest vs Highest Elevation in Colorado
To give you a base for elevations in Colorado, Denver sits at an elevation of 5,280 feet (the Mile High City). Fort Collins to the north is similar at 5,003 ft and Colorado Springs to the south is higher at 6,035 ft.
