What is a good salary to make in Colorado?
While ZipRecruiter is seeing salaries as high as $145,411 and as low as $21,577, the majority of salaries within the Top jobs category currently range between $39,401 (25th percentile) to $93,344 (75th percentile) with top earners (90th percentile) making $140,719 annually in Colorado.
A good salary in Denver, CO is anything over $51,000. That's because the median income in Denver is $51,000, which means if you earn more than that you're earning more than 50% of the people living in Denver. The average salary in Denver is $60,774.
Average Cost of Living in Colorado: $46,642 per year
Take a closer look at your budget before you decide to move to Colorado.
Pew explains that a middle income equals an annual household income of $52,000 to $156,000 for a family of three, based on 2020 dollars.
To be wealthy in Colorado, you need to earn significantly more. It was reported that the minimum you need to make to be in the top 20% of earners was $143,596 with the average income being $249,285. To be considered in the top 5% of earners, you need to make at least $440,000.
Globally, the study found that the ideal income point for an individual is $95,000 for life satisfaction and between $60,000 to $75,000 for emotional well-being. In North America, the individual income level for life satisfaction was found to be $105,000 per year.
If you make $70,000 a year living in the region of Colorado, USA, you will be taxed $16,526. That means that your net pay will be $53,474 per year, or $4,456 per month.
The folks at the personal finance site GoBankingRates.com looked at where a $100K income would be considered “good” in America's 50 largest cities. Denver was not one of them. Denver was rated the 13th-worst city in which to survive for those earning $100,000.
What salary do you need to live comfortably in Denver? The median income in Denver is slightly under $39,000. Most residents need to make about $110,000 to comfortably own a home or a little over $100,000 to rent. The city has one of the largest gaps between median income and income needed to live comfortably.
What is the average income per person in Colorado?
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Table.
| Population | |
|---|---|
| Median household income (in 2021 dollars), 2017-2021 | $80,184 |
| Per capita income in past 12 months (in 2021 dollars), 2017-2021 | $42,807 |