For a single working adult to live comfortably in Colorado, an annual salary of $103,293 is generally needed.
Understanding the "Comfortable" Income Threshold
This figure specifically applies to a single individual living in the state. To achieve this comfortable standard of living, the required annual salary translates to an hourly wage of $49.66. This income level is designed to cover essential expenses like housing, food, transportation, and healthcare, while also allowing for some discretionary spending and savings.
Colorado's High Cost of Living
Colorado stands out as one of the states with a significantly high cost of living. It is one of only eleven states in the nation where a six-digit salary is considered necessary for a single working adult to live comfortably. This reflects the higher expenses associated with living in the state, particularly in areas like housing and other daily necessities.
To summarize the key financial figures for a single adult:
| Income Metric | Amount |
|---|---|
| Annual Salary | $103,293 |
| Hourly Wage | $49.66 |
