#11
Colorado
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State Facts
Minimum Wage
$10.20
Average Renter Wage
$17.59
2-Bedroom Housing Wage
$23.93
Number of Renter Households
730,999
Percent Renters
36%
Affordable Rent for Low Income Households
Fair Market Rent
Working at
minimum wage
$10.20/hr
Each week you
have to work
74HOURS!
To afford a modest
1 bedroom
rental home at
Fair Market Rent
Compare Jurisdictions
| Number of Households | Colorado | Adams County |
|---|---|---|
| Total | 2,051,616 | 158,748 |
| Renter | 730,999 | 56,469 |
| Percent Renters | 36% | 36% |
| Housing Wage | Colorado | Adams County |
|---|---|---|
| Zero-Bedroom | $16.20 | $18.04 |
| One-Bedroom | $18.99 | $21.67 |
| Two-Bedroom | $23.93 | $27.27 |
| Three-Bedroom | $34.20 | $39.06 |
| Four-Bedroom | $39.83 | $45.21 |
| Fair Market Rent | Colorado | Adams County |
|---|---|---|
| Zero-Bedroom | $842 | $938 |
| One-Bedroom | $987 | $1,127 |
| Two-Bedroom | $1,245 | $1,418 |
| Three-Bedroom | $1,778 | $2,031 |
| Four-Bedroom | $2,071 | $2,351 |
| Annual Income Needed to Afford | Colorado | Adams County |
|---|---|---|
| Zero-Bedroom | $33,695 | $37,520 |
| One-Bedroom | $39,497 | $45,080 |
| Two-Bedroom | $49,780 | $56,720 |
| Three-Bedroom | $71,130 | $81,240 |
| Four-Bedroom | $82,845 | $94,040 |
| Minimum Wage | Colorado | Adams County |
|---|---|---|
| Minimum Wage | $10.20 | $10.20 |
| Rent Affordable at Minimum Wage | $530 | $530 |
| Work Hours/Week at Minimum Wage | Colorado | Adams County |
|---|---|---|
| Zero-Bedroom | 64 | 71 |
| One-Bedroom | 74 | 85 |
| Two-Bedroom | 94 | 107 |
| Three-Bedroom | 134 | 153 |
| Four-Bedroom | 156 | 177 |
| Renter Wage | Colorado | Adams County |
|---|---|---|
| Estimated Mean Renter Wage | $17.59 | $16.20 |
| Rent Affordable at Mean Renter Wage | $915 | $842 |
| Work Hours/Week at Mean Renter Wage | Colorado | Adams County |
|---|---|---|
| Zero-Bedroom | 37 | 45 |
| One-Bedroom | 43 | 54 |
| Two-Bedroom | 54 | 67 |
| Three-Bedroom | 78 | 96 |
| Four-Bedroom | 91 | 112 |
| Supplemental Security Income (SSI) Payment | Colorado | Adams County |
|---|---|---|
| SSI Monthly Payment | $775 | $775 |
| Rent Affordable to SSI Recipient | $233 | $233 |
| Income Levels | Colorado | Adams County |
|---|---|---|
| 30% of Area Median Income (AMI) | $25,190 | $26,970 |
| Estimated Renter Median Household Income | $41,456 | $43,124 |
| Rent Affordable at Different Income Levels | Colorado | Adams County |
|---|---|---|
| 30% of Area Median Income (AMI) | $630 | $674 |
| Estimated Renter Median Household Income | $1,036 | $1,078 |
*50th percentile FMR area (See Appendix B of full book for more information).
†Renter wage data not available.
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