Financial Profile: Colorado
Financial landscape, tax rates, cost of living, and median income scoring for Colorado residents.
Colorado at a Glance
Avg Salary
$68,000
Cost of Living
105
Top Tax Rate
4.4%
Adjusted Income
$64,761
Monthly Take-Home
$4,417
Max Rent (30%)
$1,700
Financial Genome at Median Income
Scores calculated for someone earning $68,000/yr in Colorado with typical expenses.
PPI
53
C+
FPI
25
F
LRS
53
C+
REW
30
D
Living in Colorado: Financial Overview
Colorado has a flat 4.4% income tax rate. Some cities levy additional local taxes.
- Flat tax rate
- Strong job market
- High quality of life
Major Cities
Denver, Colorado Springs, Aurora, Boulder
With a cost of living index of 105 (above the national average of 100), expenses are higher in Colorado. A $60,000 salary here has the purchasing power equivalent of only $57,142 in an average-cost area.
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