Colorado Minimum Wage Calculator 2026
Colorado minimum wage: $14.42/hr (tipped: $11.4/hr). Calculate annual salary, monthly income, and take-home pay at minimum wage.
How This Calculator Works
Calculation methodology and assumptions
This calculator computes annual, monthly, and weekly earnings at Colorado's minimum wage of $14.42/hr. For tipped employees, the base rate is $11.4/hr. The federal minimum wage is $7.25/hr — Colorado's rate is higher, so the state rate applies. Calculations assume no overtime and consistent hours.
Key State Information
Colorado minimum wage: $14.42/hr. Tipped rate: $11.4/hr. Colorado allows a tip credit, meaning employers can pay tipped employees $11.4/hr as long as tips bring total compensation to at least $14.42/hr.
Frequently Asked Questions
What is the minimum wage in Colorado in 2026?
Colorado's minimum wage is $14.42/hr as of 2026. For tipped employees, the minimum is $11.4/hr. Working 40 hours/week, 52 weeks/year, this equals approximately $29,994 gross annual income.
Is Colorado's minimum wage going up?
Many states have scheduled annual minimum wage increases tied to inflation (CPI). Check Colorado's Department of Labor for upcoming rate changes. Several states are gradually increasing toward $15/hr.
Can you live on minimum wage in Colorado?
Colorado's cost of living index is 105.1 (100 = national average). At $14.42/hr full time, you'd earn about $29,994/year before taxes. This would be challenging but slightly more manageable than in high-cost states.