#9
Colorado
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State Facts
Minimum Wage
$12.32
Average Renter Wage
$20.42
2-Bedroom Housing Wage
$27.50
Number of Renter Households
747,259
Percent Renters
35%
Affordable Rent for Low Income Households
Fair Market Rent
Working at
minimum wage
$12.32/hr
Each week you
have to work
72HOURS!
To afford a modest
1 bedroom
rental home at
Fair Market Rent
Compare Jurisdictions
| Number of Households | Colorado | Boulder MSA |
|---|---|---|
| Total | 2,148,994 | 127,415 |
| Renter | 747,259 | 48,142 |
| Percent Renters | 35% | 38% |
| Housing Wage | Colorado | Boulder MSA |
|---|---|---|
| Zero-Bedroom | $20.00 | $24.60 |
| One-Bedroom | $22.19 | $27.46 |
| Two-Bedroom | $27.50 | $33.15 |
| Three-Bedroom | $37.81 | $45.38 |
| Four-Bedroom | $43.72 | $52.33 |
| Fair Market Rent | Colorado | Boulder MSA |
|---|---|---|
| Zero-Bedroom | $1,040 | $1,279 |
| One-Bedroom | $1,154 | $1,428 |
| Two-Bedroom | $1,430 | $1,724 |
| Three-Bedroom | $1,966 | $2,360 |
| Four-Bedroom | $2,273 | $2,721 |
| Annual Income Needed to Afford | Colorado | Boulder MSA |
|---|---|---|
| Zero-Bedroom | $41,595 | $51,160 |
| One-Bedroom | $46,148 | $57,120 |
| Two-Bedroom | $57,208 | $68,960 |
| Three-Bedroom | $78,646 | $94,400 |
| Four-Bedroom | $90,931 | $108,840 |
| Minimum Wage | Colorado | Boulder MSA |
|---|---|---|
| Minimum Wage | $12.32 | $12.32 |
| Rent Affordable at Minimum Wage | $641 | $641 |
| Work Hours/Week at Minimum Wage | Colorado | Boulder MSA |
|---|---|---|
| Zero-Bedroom | 65 | 80 |
| One-Bedroom | 72 | 89 |
| Two-Bedroom | 89 | 108 |
| Three-Bedroom | 123 | 147 |
| Four-Bedroom | 142 | 170 |
| Renter Wage | Colorado | Boulder MSA |
|---|---|---|
| Estimated Mean Renter Wage | $20.42 | $21.85 |
| Rent Affordable at Mean Renter Wage | $1,062 | $1,136 |
| Work Hours/Week at Mean Renter Wage | Colorado | Boulder MSA |
|---|---|---|
| Zero-Bedroom | 39 | 45 |
| One-Bedroom | 43 | 50 |
| Two-Bedroom | 54 | 61 |
| Three-Bedroom | 74 | 83 |
| Four-Bedroom | 86 | 96 |
| Supplemental Security Income (SSI) Payment | Colorado | Boulder MSA |
|---|---|---|
| SSI Monthly Payment | $832 | $832 |
| Rent Affordable to SSI Recipient | $250 | $250 |
| Income Levels | Colorado | Boulder MSA |
|---|---|---|
| 30% of Area Median Income (AMI) | $28,500 | $35,070 |
| Estimated Renter Median Household Income | $49,179 | $49,725 |
| Rent Affordable at Different Income Levels | Colorado | Boulder MSA |
|---|---|---|
| 30% of Area Median Income (AMI) | $712 | $877 |
| Estimated Renter Median Household Income | $1,229 | $1,243 |
Median Wages for Largest Occupations
| Occupation | Total Employment | Median Hourly Wage |
|---|---|---|
| Waiters and Waitresses | 35,710 | $12.32 |
| Fast Food and Counter Workers | 64,720 | $12.83 |
| Cashiers | 51,730 | $13.44 |
| Home Health and Personal Care Aides | 36,610 | $14.18 |
| Retail Salespersons | 70,060 | $14.20 |
| Janitors and Cleaners, Except Maids and Housekeeping Cleaners | 32,540 | $14.52 |
| Teaching Assistants, Except Postsecondary | 19,050 | $14.81 |
| Cooks, Restaurant | 27,060 | $15.20 |
| Stockers and Order Fillers | 46,420 | $15.73 |
| Nursing Assistants | 21,310 | $17.04 |
| Laborers and Freight, Stock, and Material Movers, Hand | 28,470 | $17.06 |
| Landscaping and Groundskeeping Workers | 20,410 | $17.26 |
| Customer Service Representatives | 48,440 | $17.84 |
| Construction Laborers | 21,210 | $18.79 |
| Secretaries and Administrative Assistants, Except Legal, Medical, and Executive | 33,600 | $19.68 |
| Maintenance and Repair Workers, General | 23,250 | $20.52 |
| Office Clerks, General | 39,090 | $20.64 |
| Bookkeeping, Accounting, and Auditing Clerks | 26,920 | $21.63 |
| One-Bedroom Housing Wage | $22.19 | |
| First-Line Supervisors of Retail Sales Workers | 18,430 | $23.08 |
| All Occupations | $23.10 | |
| Heavy and Tractor-Trailer Truck Drivers | 26,310 | $24.99 |
| Elementary School Teachers, Except Special Education | 25,130 | $26.26 |
| Two-Bedroom Housing Wage | $27.50 | |
| First-Line Supervisors of Office and Administrative Support Workers | 22,380 | $29.84 |
| Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel | 29,770 | $31.87 |
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | 28,380 | $33.54 |
| Market Research Analysts and Marketing Specialists | 20,960 | $34.50 |
| Registered Nurses | 52,330 | $37.72 |
| Accountants and Auditors | 36,470 | $37.84 |
| Project Management Specialists and Business Operations Specialists, All Other | 53,490 | $40.71 |
| Software Developers and Software Quality Assurance Analysts and Testers | 48,230 | $54.69 |
| General and Operations Managers | 35,550 | $59.96 |
†Renter wage data not available.
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