The current minimum wage in Aurora, Colorado is $12.32 per hour. This is higher than the federal minimum wage of $7.25 per hour, but lower than the state minimum wage of $13.65 per hour. The minimum wage in Aurora has increased in recent years, from $10.20 per hour in 2019 to $12.32 per hour in 2021. The city has a goal of reaching a $15 per hour minimum wage by 2025. However, a livable wage in Aurora is estimated to be $20.01 per hour for one adult with no children, taking into account the cost of housing, food, transportation, healthcare, and other essential expenses.
It is estimated that there are approximately 25,000 workers in Aurora who make minimum wage, including both full-time and part-time workers. The lowest paying jobs in Aurora typically pay around $10 per hour or less, while the highest paying jobs in Aurora typically pay over $100,000 per year. The minimum wage in Aurora has increased by an average of $1.10 per year over the past 5 years, and it is expected to continue to increase in the future.
What is the difference between gross wages and net wages?
It's important to remember that the Hourly Wage Index data above reflects gross wages, or the amount of money an employee earns before accounting for payroll deductions like taxes, benefits, or wage garnishments. Due to variability in tax rates across locations, slightly lower gross wages in a certain location might result in higher take home pay, or vice versa.
What is a good hourly wage?
It's important to remember that the Hourly Wage Index data above reflects gross wages, or the amount of money an employee earns before accounting for payroll deductions like taxes, benefits, or wage garnishments. Due to variability in tax rates across locations, slightly lower gross wages in a certain location might result in higher take home pay, or vice versa.
Offering competitive pay is one of my top priorities—what other resources do you have that might help?
It's important to remember that the Hourly Wage Index data above reflects gross wages, or the amount of money an employee earns before accounting for payroll deductions like taxes, benefits, or wage garnishments. Due to variability in tax rates across locations, slightly lower gross wages in a certain location might result in higher take home pay, or vice versa.
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