At present, the minimum wage of Colorado state is $13.65 / hour, which is the lowest amount and can legally be paid for hourly work in Colorado.
The weekly earnings estimate of $546.00 / 40-hr week is based on a standard 40-hour work week.
The yearly earnings estimate of $28,392.00 / year is based on 52 standard 40-hour work weeks.
Since most hourly employees don’t work full time and/or take time off, actual yearly earnings will likely be lower.
However, there are some exceptions to this hourly wage for student workers, tipped workers, and overtime workers, who may receive different minimum wage rates.
Note: The federal minimum wage is currently $7.25 an hour, and has not been raised since 2009 in some states of the USA. In the present year of 2023, the District of Columbia had the highest minimum wage in the U.S., at $ 16.50 per hour. This was followed by Washington, which had $ 15.74 per hour as the state minimum wage.
Overview of Colorado state’s minimum wage history from 2010 to 2023:
Presently the minimum wage information of the Colorado state
|2023||$13.65 / hour||$546.00 / 40-hr week||$28,392.00 / year|
The minimum wage information of the Colorado state in past years
|2022||$12.56 / hour||$502.40 / 40-hr week||$26,124.80 / year|
|2021||$12.32 / hour||$492.80 / 40-hr week||$25,625.60 / year|
|2020||$11.10 / hour||$444.00 / 40-hr week||$23,088.00 / year|
|2019||$10.20 / hour||$408.00 / 40-hr week||$21,216.00 / year|
|2018||$9.30 / hour||$372.00 / 40-hr week||$19,344.00 / year|
|2017||$8.31 / hour||$332.40 / 40-hr week||$17,284.80 / year|
|2016||$8.23 / hour||$329.20 / 40-hr week||$17,118.40 / year|
|2015||$8.00 / hour||$320.00 / 40-hr week||$16,640.00 / year|
|2014||$7.78 / hour||$311.20 / 40-hr week||$16,182.40 / year|
|2013||$7.64 / hour||$305.60 / 40-hr week||$15,891.20 / year|
|2012||$7.36 / hour||$294.40 / 40-hr week||$15,308.80 / year|
|2011||$7.24 / hour||$289.60 / 40-hr week||$15,059.20 / year|
|2010||$7.28 / hour||$291.20 / 40-hr week||$15,142.40 / year|
Future minimum wage information of the Colorado state
Based on the present and past estimations, a graphical chart has been prepared which will tell you what is the minimum wage in the upcoming years and There is a possibility that earnings will change in the future.
|minimum wage||$ 14.47/ hour||$ 15.31/ hour||$ 16.14/ hour||$ 16.98/ hour||$ 17.81/ hour|
Colorado state Minimum wage chart for per hour, per week and per year
This chart shows how the minimum wage has changed over the years per hour, per week, and per year.
Colorado state Minimum wage per hour –
If we compare the minimum wage for the last five years in the state of Colorado, the lowest minimum wage is $ 10.2 per hour and the highest minimum wage is $ 13.65 per hour. The minimum wage has increased by $ 1.09 per hour over the last year and $ 3.45 in the last five years.
Colorado state Minimum wage per week –
The minimum wage per week can be calculated by multiplying the hourly rate by the number of hours worked per week.
If we compare the minimum wage for the last five years in the state of Colorado, the lowest minimum wage is $ 408 per week and the highest minimum wage is $ 546 per week. The minimum wage has increased by $ 1.09 per week over the last year and $ 138 in the last five years.
Colorado state Minimum wage per year –
you can estimate the annual income of a full-time worker who earns the minimum wage by multiplying the hourly rate by the number of hours worked per year.
If we compare the minimum wage for the last five years in the state of Colorado, the lowest minimum wage is $ 21216 per year and the highest minimum wage is $ 28392 per year. The minimum wage has increased by $ 2267.2 per year over the last year and $ 7176 in the last five years.