Self-Sufficient Wages - Charts
What this chart shows: Annual Self-Sufficiency Income for Family of 4 in Colorado's Most Populous Counties - 2011
Data Source: Colorado Fiscal Policy Institute, The Self-Sufficiency Standard for Colorado 2011: A Family Needs Budget [pdf]
What the above data tell us:
The Colorado Fiscal Policy Institute's 2011 report indicates that a family of four in Larimer County needs a minimum of $58,232 annually to afford food, shelter, transportation, health and child care, among other basic necessities. This represents a 12% increase from the 2008 report. Larimer County is the sixth most affordable among Colorado's most populous counties. The most expensive county to live in was Boulder (requiring $67,924) and the least costly of the counties shown above was Pueblo ($46,759). Denver County experienced the largest increase from the previous report issued in 2008 (21%). Larimer County saw a 12% increase from 2008, due primarily to increases in food ($83) and housing ($42).
What this chart shows: Self-Sufficiency Hourly Wage by Family Type, Larimer County - 2008 & 2011
* Note: Figure assumes both adults are employed full-time.
Data Source(s):
Colorado Fiscal Policy Institute:
- The Self-Sufficiency Standard for Colorado 2008: A Family Needs Budget [pdf]
- The Self-Sufficiency Standard for Colorado 2011: A Family Needs Budget [pdf]
What the above data tell us:
In 2011, a single parent raising one infant, one preschooler, and one school age child, would need an hourly wage of $34.17 to purchase their basic family needs. The minimum hourly wage that would meet basic needs in Larimer County varies by family type.
Data Tables:
'Colorado's Most Populous Counties Self-Sufficient Wage Comparison
|
|
Family of Four: Two Adults, 1 Preschooler, 1 School Age |
|||
|
2001 |
2004 |
2008 |
2011 |
|
|
Pueblo |
$36,558 |
$36,965 |
$42,765 |
$46,759 |
|
Mesa |
$35,569 |
$37,951 |
$43,194 |
$49,839 |
|
El Paso |
$38,979 |
$42,145 |
$49,383 |
$54,041 |
|
Weld |
$38,779 |
$43,868 |
$47,834 |
$54,285 |
|
Denver |
$45,280 |
$48,065 |
$45,947 |
$55,508 |
|
Larimer |
$41,954 |
$43,637 |
$52,161 |
$58,232 |
|
Arapahoe |
$47,648 |
$49,444 |
$53,005 |
$61,449 |
|
Adams |
$45,698 |
$46,078 |
$52,487 |
$62,290 |
|
Jefferson |
$49,840 |
$47,544 |
$53,849 |
$62,952 |
|
Boulder |
$50,257 |
$53,100 |
$60,850 |
$67,924 |
Sources:
The Self-Sufficiency Standard for Colorado 2001: A Family Needs Budget [pdf]
The Self-Sufficiency Standard for Colorado 2004: A Family Needs Budget [pdf]
The Self-Sufficiency Standard for Colorado 2008: A Family Needs Budget [pdf]
The Self-Sufficiency Standard for Colorado 2011: A Family Needs Budget [pdf]
2008 - Larimer County Self-Sufficiency Budget/Wages
|
Monthly Costs 2008 |
Adult |
Adult + infant |
Adult + pre-schooler |
Adult + infant, pre-schooler |
Adult + school age, teenager |
Adult + infant, pre-schooler, school age |
2 Adults + infant, pre-schooler |
2 Adults + pre-schooler, school age |
|
Housing |
$666 |
$807 |
$807 |
$807 |
$807 |
$1175 |
$807 |
$807 |
|
Child Care |
$0 |
$651 |
$727 |
$1,378 |
$387 |
$1,765 |
$1,378 |
$1,114 |
|
Food |
$226 |
$331 |
$341 |
$445 |
$591 |
$600 |
$640 |
$703 |
|
Transportation |
$243 |
$249 |
$249 |
$249 |
$249 |
$249 |
$478 |
$478 |
|
Health Care |
$126 |
$325 |
$324 |
$336 |
$373 |
$359 |
$396 |
$408 |
|
Miscellaneous |
$126 |
$236 |
$245 |
$321 |
$241 |
$415 |
$370 |
$351 |
|
Taxes |
$297 |
$555 |
$593 |
$786 |
$421 |
$1,085 |
$830 |
$752 |
|
Earned Income Tax Credit (-) |
$0 |
$0 |
$0 |
$0 |
$-82 |
$0 |
$0 |
$0 |
|
Child Care Tax Credit (-) |
$0 |
$-60 |
$-58 |
$-100 |
$-63 |
$-100 |
$-100 |
$-100 |
|
Child Tax Credit (-) |
$0 |
$-83 |
$-83 |
$-167 |
$-167 |
$-250 |
$-167 |
$-167 |
|
|
|
|
|
|
|
|
|
|
|
Self-Sufficiency Wage - Hourly |
$9.57 |
$17.11 |
$17.87 |
$23.04 |
$15.67 |
$30.11 |
per adult $13.16 |
per adult $12.35 |
|
Monthly |
$1,684 |
$3,012 |
$3,146 |
$4,056 |
$2,759 |
$5,299 |
$4,632 |
$4,347 |
|
Annual |
$20,208 |
$36,141 |
$37,752 |
$48,670 |
$33,105 |
$63,583 |
$55,584 |
$52,161 |
Sources: The Self-Sufficiency Standard for Colorado 2008: A Family Needs Budget [pdf]
2011 - Larimer County Self-Sufficiency Budget/Wages
|
Monthly Costs 2011 |
Adult |
Adult + infant |
Adult + pre-schooler |
Adult + infant, pre-schooler |
Adult + school age, teenager |
Adult + infant, pre-schooler, school age |
2 Adults + infant, pre-schooler |
2 Adults + pre-schooler, school age |
|
Housing |
$700 |
$849 |
$849 |
$849 |
$849 |
$1,236 |
$849 |
$849 |
|
Child Care |
$0 |
$961 |
$1,721 |
$1,410 |
$449 |
$2,170 |
$1,721 |
$1,410 |
|
Food |
$231 |
$351 |
$460 |
$526 |
$610 |
$621 |
$661 |
$723 |
|
Transportation |
$235 |
$243 |
$243 |
$243 |
$243 |
$243 |
$462 |
$462 |
|
Health Care |
$138 |
$348 |
$359 |
$369 |
$397 |
$380 |
$416 |
$426 |
|
Miscellaneous |
$130 |
$275 |
$363 |
$340 |
$255 |
$465 |
$411 |
$387 |
|
Taxes |
$299 |
$676 |
$903 |
$815 |
$480 |
$1,250 |
$964 |
$861 |
|
Earned Income Tax Credit (-) |
$0 |
$0 |
$0 |
$0 |
-$95 |
$0 |
$0 |
$0 |
|
Child Care Tax Credit (-) |
$0 |
-$53 |
-$100 |
-$100 |
-$60 |
-$100 |
-$100 |
-$100 |
|
Child Tax Credit (-) |
$0 |
-$83 |
-$167 |
-$167 |
-$167 |
-$250 |
-$167 |
-$167 |
|
|
|
|
|
|
|
|
|
|
|
Self-Sufficiency Wage - Hourly |
$9.85 |
$20.27 |
$26.32 |
$24.35 |
$16.82 |
$34.17 |
per adult $14.82 |
per adult $13.79 |
|
Monthly |
$1,734 |
$3,567 |
$4,632 |
$4,286 |
$2,961 |
$6,015 |
$5,216 |
$4,853 |
|
Annual |
$20,808 |
$42,803 |
$55,582 |
$51,435 |
$35,532 |
$72,174 |
$62,597 |
$58,232 |
Sources: The Self-Sufficiency Standard for Colorado 2011: A Family Needs Budget [pdf]