Quick Answer: Is Living In Colorado Expensive?

What is considered a living wage in Colorado?

$13.87According to MIT’s living wage calculator, a living hourly wage for one adult with no children in Denver County is $13.87.

Unfortunately, the minimum wage in Colorado (effective January 1, 2020) is just $12.00.

As you might expect, living wages rise as your family gets larger..

Is it cheaper to live in Utah or Colorado?

The state is known for its high quality of life, low crime and beautiful landscape. Utah is more affordable than neighboring state Colorado but offers similar climate and access to stunning mountains.

Is Colorado a safe state?

Despite an uptick in Denver crime in recent years, Colorado is a very safe state to live in overall, as its violent and property crime rates are lower than the national averages. Let’s look at Colorado’s safest cities in 2019.

How much snow does Colorado get?

Average snowfall in the state is in the range of 60″ (1524mm) to 100″ (2540mm). The high mountain ranges often register more than 120″ (3048mm) of snowfall annually. Colorado receives ample sunshine and records nearly 250 sunny days during the year.

Is it expensive to live in Colorado?

Our cost of living indices are based on a US average of 100. An amount below 100 means Colorado is cheaper than the US average….384 County Road 519.COST OF LIVINGColoradoUnited StatesMedian Home Cost$384,000$231,200Utilities98.4100Transportation106.7100Miscellaneous100.21004 more rows

What is middle class in Colorado?

2 In 2016, the statewide median income was $59,000 across all family types, implying that to be middle class, a family must have earned between $38,900 and $118,000 that year.

What credit score do you need to buy a house in Colorado?

620 minimumHave a 620 minimum credit score. Complete an in-person or online CHFA home buyer education course. Meet income limits, which vary by location and household size. Make a minimum financial contribution of at least $1,000.

What is the most dangerous city in Colorado?

Pueblo1. Pueblo. In 2019, this city of 108,385 people was ranked as one of the most dangerous cities in Colorado.

What is the cheapest city to live in Colorado?

10 Most Affordable Places to Live in ColoradoFederal Heights. Topping the list of the most affordable city in Colorado is Federal Heights, a suburb of Denver. … Lamar. Quiet and rural, Lamar is a wonderful city for families with a variety of parks and a strong sense of community. … Brush. … Fort Morgan. … Sterling. … Trinidad. … Pueblo. … Clifton.More items…•

What is the most common job in Colorado?

Top 100 Jobs Relatively More Common in Colorado Than ElsewhereRankJobLocal Popularity Index1Hydrologists7.02Airline pilots, copilots, and flight engineers6.03Mining and geological engineers, including mining safety engineers5.74Cartographers and photogrammetrists5.594 more rows

What are the easiest high paying jobs?

What Constitutes an Easy Job That Pays Well?Astronomer. You’ll probably need to earn a Ph. … Mathematician or Actuary. … Optometrist. … Software or Interactive Media Developer. … Power Plant Operator. … Radiologic Technologist. … Computer Network Technician or Administrator. … Electrician (Residential or Commercial)More items…•

Is it good to live in Colorado?

Residents live a healthy lifestyle Consider moving to Colorado. Thanks to the state’s endless number of outdoor activities, healthy food options and health-focused culture, Colorado is one of the healthiest states in the country. According to Mind Body Green, the state also has the lowest obesity rate in the country.

Who qualifies for housing assistance in Colorado?

Applicants must be a Senior (60+), a family with children 17 years old or younger, or homeless. Must have a documented source of income to cover monthly expenses, no felony in last 12 months and agree to drug screening and background check.

What is the most dangerous state in America?

Most Dangerous States 2020Alaska. Alaska is the most dangerous state in the United States. … New Mexico. New Mexico is the United States’ second-most dangerous state. … Tennessee. Tennessee is the third-most dangerous state in the U.S. with a violent crime rate of 623.7 incidents per 100,000 people. … Arkansas. … Nevada. … Louisiana. … Alabama. … Missouri.More items…

Is Colorado a wealthy state?

Colorado is the fifth-richest state in the United States of America, with a per capita income of $24,049 (2000) and a personal per capita income of $34,283 (2003).

What salary do you need to live comfortably in Colorado?

$100,200How much do you need to earn to live in Colorado? According to data from HowMuch.net, in order to comfortably afford to live in any city in Colorado, you have to earn a whopping $100,200 yearly salary. This works out to earning between $6,000-8,300 per month.

Why is Colorado housing so expensive?

Colorado homes have skyrocketed in value especially in highly sought after areas such as Denver, Boulder, and Colorado Springs. These home values have increased due to a variety of factors from the growing population, lower interest rates, and builders focusing on luxury homes.

What are the best paying jobs in Colorado?

Here are the highest-paying jobs in Colorado.Orthodontists make an average of $230,400. … Psychiatrists make an average of $234,860. … Surgeons make an average of $244,940. … Anesthesiologists make an average of $270,180. … Obstetricians and Gynecologists make an average of $286,560.More items…•

Where is the most affordable place to live in Colorado?

The Most Affordable Places To Live In ColoradoRankCityPopulation1Craig8,8882Fort Morgan11,3093Fort Lupton8,0224Sterling13,77527 more rows

What jobs are in demand in Colorado?

Here are some of the in-demand jobs in Colorado:Nurses.Physician assistants.Network systems and data communication analysis.Computer software engineers.Database administrators.Physical therapists.Preschool and postsecondary teachers.Environmental engineers.

Will housing prices drop in Colorado?

The Haus model predicts that metro Denver home prices will flatten in June on a year-over-year basis and then turn negative in July. Price declines will stick around until January or February 2021.