Index: Economy / Subcategory: Individual / Measure: Self-Sufficient Wages

Self-Sufficient Wages - Charts

What this chart shows: Annual Self-Sufficiency Income for Family of 4 in Colorado's Most Populous Counties - 2011

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]

See data table

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).

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What this chart shows: Self-Sufficiency Hourly Wage by Family Type, Larimer County - 2008 & 2011

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:

See data tables

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.

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Data Tables:

'Colorado's Most Populous Counties Self-Sufficient Wage Comparison

County

 

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]

See chart

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]

See chart

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]

See chart