Salary & Cost of Living in Centennial, CO
Centennial, CO: $63,742 median salary, cost of living index 106.3, $14.42/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$63,742
$31/hr
Cost of Living
106.3
US avg = 100
Minimum Wage
$14.42
per hour
Unemployment
3.3%
rate
Centennial, CO Overview
Population
110,263
Median Salary
$63,742
Average Salary
$71,391
Avg Commute
21 min
Median Home Price
$507,000
Median Rent
$2,083/mo
Job Growth
+2.8%
Sales Tax
2.9%
Centennial is located in Colorado with a population of 110,263. The median household salary is $63,742 per year ($31/hour), which is $4,358 above the national median of $59,384. The average commute time is 21 minutes, and the city has a job growth rate of +2.8%.
Centennial Salary by Experience Level (2026)
Wage distribution in Centennial, CO based on BLS percentile breakdown of the $63,742 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $39,520 | $19.00/hr | 0–2 years |
| Mid-Level (Median) | $63,742 | $30.65/hr | 3–7 years |
| Senior-Level | $90,514 | $43.52/hr | 8–15 years |
| Top 10% (90th Percentile) | $113,461 | $54.56/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Centennial Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Centennial, CO, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$50,424
$4,201.99/month · $1,939.38/biweekly · Effective Rate: 20.9%
Gross Pay
$63,742
Federal Tax
-$5,637
State Tax
-$2,805
Local Tax
$0
FICA
-$4,876
Net Pay
$50,424
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,311.83 | $63,742.00 |
| Federal Income Tax | -$469.77 | -$5,637.24 |
| Colorado State Tax (4.4%) | -$233.72 | -$2,804.65 |
| Social Security (6.2%) | -$329.33 | -$3,952.00 |
| Medicare (1.45%) | -$77.02 | -$924.26 |
| Net Take-Home Pay | $4,201.99 | $50,423.85 |
Salary Comparison: Centennial vs Other Cities
See how Centennial's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Centennial, CO | $63,742 | 106.3 | $59,964 |
| National Average | $59,384 | 100 | $59,384 |
| Teaneck, NJ | $63,756 | 125.1 | $50,964 |
| McLean, VA | $63,773 | 104.9 | $60,794 |
| Watsonville, CA | $63,698 | 156.1 | $40,806 |
| Milford, CT | $63,787 | 119.5 | $53,378 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Centennial
Centennial's cost of living index is 106.3 (national average = 100). Living in Centennial is 6.299999999999997% more expensive than the national average.
Median Home Price
$507,000
Median Monthly Rent
$2,083
Annual Rent Cost
$24,996
Your Salary's Purchasing Power
Your $50,424 annual take-home pay in Centennial has the purchasing power of approximately $47,435 in an average-cost US area. You would need to earn $67,758 in Centennial to match a $63,742 salary in an average-cost city.
Top Industries in Centennial
Centennial's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $63,742.
Salary Tips for Centennial Workers
- Research top industries. Centennial's top industries include Technology, Aerospace, Energy. Targeting roles in these sectors can help you earn above the $63,742 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Centennial, CO?
The median salary in Centennial, CO is $63,742 per year, or $31 per hour. The average salary is $71,391. This is $4,358 above the national median of $59,384.
What is the cost of living in Centennial, CO?
Centennial's cost of living index is 106.3 (national average = 100), meaning it is 6.299999999999997% more expensive compared to the national average. The median home price is $507,000 and the median monthly rent is $2,083.
What are the best industries in Centennial?
The top industries in Centennial, CO include Technology, Aerospace, Energy. The city has a job growth rate of 2.8% and an unemployment rate of 3.3%. Workers in these industries often earn above the city's median salary of $63,742.
How does Centennial's salary compare to other cities?
Centennial's median salary of $63,742 is 7.3% above the national median of $59,384. However, when adjusted for cost of living (index: 106.3), the real purchasing power is approximately $59,964.
What is the minimum wage in Centennial, CO?
The minimum wage in Centennial, CO is $14.42 per hour. This equals approximately $29,994 per year for a full-time worker (40 hours/week). This is $7.17 above the federal minimum wage of $7.25/hour.