“Colorado’s living hourly wage was $26 an hour for a single person with no kids in early 2026, and $65.47 for a single person with two kids, the MIT Living Wage Calculator shows. Those figures rank 10th and 8th in the country, respectively. The state minimum wage is $15.16.

Minimum living wages are calculated based on the cost of essentials including housing, medical care, childcare and food.”

#Colorado #CostOfLiving #LivingHourlyWage #Economics #MinimumWage

https://coloradosun.com/2026/05/01/is-colorados-cost-of-living-higher-than-the-national-average/

Is Colorado’s cost of living higher than the national average?

Yes. The minimum income that Colorado residents need to afford basic necessities is among the highest in the nation. 

The Colorado Sun