Making Homelessness History in Colorado
FACTS ABOUT COLORADO:
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%
89
Work Hours Per Week At
Minimum Wage To Afford a 2-Bedroom
Rental Home (at FMR)
2.2
Number of Full-Time Jobs At
Minimum Wage To Afford a
2-Bedroom Rental Home (at FMR)
72
Work Hours Per Week At
Minimum Wage To Afford a 1-Bedroom
Rental Home (at FMR)
1.8
Number of Full-Time Jobs At
Minimum Wage To Afford a
1-Bedroom Rental Home (at FMR)
HOUSING
Two bedroom FMR
MOST EXPENSIVE AREAS
Boulder MSA
WAGE
One bedroom FMR
$1430
$1154
$33.15
Rent affordable at area
median income (AMI)
$2375
Eagle County
$32.98
Rent affordable with full-time
job paying mean renter wage
$1062
MSA Metropolitan Statistical Area: HMFA HUD Metro FMR Area.
Pitkin County
Summit County
Denver-Aurora-Lakewood MSA
*Ranked from Highest to Lowest 2-Bedroom Housing Wage. Includes District of Columbia and Puerto Rico.
OUT OF REACH 2021 | NATIONAL LOW INCOME HOUSING COALITION
$32.90
Rent affordable at 30% of AMI
$712
$30.90
$30.87
Rent affordable with full-time
job paying minimum wage
Rent affordable to SSI recipient
$641
$250
$0
$500
$1000
$1500
$2000
$2500
CO-44View entire presentation