Salary & Cost of Living in Grand Junction, CO
Grand Junction, CO: $61,171 median salary, cost of living index 111.5, $14.42/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$61,171
$29/hr
Cost of Living
111.5
US avg = 100
Minimum Wage
$14.42
per hour
Unemployment
3.1%
rate
Grand Junction, CO Overview
Population
65,560
Median Salary
$61,171
Average Salary
$68,512
Avg Commute
16 min
Median Home Price
$488,000
Median Rent
$1,985/mo
Job Growth
+0.6%
Sales Tax
2.9%
Grand Junction is located in Colorado with a population of 65,560. The median household salary is $61,171 per year ($29/hour), which is $1,787 above the national median of $59,384. The average commute time is 16 minutes, and the city has a job growth rate of +0.6%.
Grand Junction Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Grand Junction, CO, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$48,498
$4,041.49/month · $1,865.30/biweekly · Effective Rate: 20.7%
Gross Pay
$61,171
Federal Tax
-$5,302
State Tax
-$2,692
Local Tax
$0
FICA
-$4,680
Net Pay
$48,498
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,097.58 | $61,171.00 |
| Federal Income Tax | -$441.84 | -$5,302.02 |
| Colorado State Tax (4.4%) | -$224.29 | -$2,691.52 |
| Social Security (6.2%) | -$316.05 | -$3,792.60 |
| Medicare (1.45%) | -$73.91 | -$886.98 |
| Net Take-Home Pay | $4,041.49 | $48,497.87 |
Salary Comparison: Grand Junction vs Other Cities
See how Grand Junction's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Grand Junction, CO | $61,171 | 111.5 | $54,862 |
| National Average | $59,384 | 100 | $59,384 |
| Spring Valley, NY | $61,185 | 132.4 | $46,212 |
| Beaumont, CA | $61,148 | 155.4 | $39,349 |
| Babylon, NY | $61,147 | 152.3 | $40,149 |
| San Jacinto, CA | $61,145 | 154.8 | $39,499 |
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 Grand Junction
Grand Junction's cost of living index is 111.5 (national average = 100). Living in Grand Junction is 11.5% more expensive than the national average.
Median Home Price
$488,000
Median Monthly Rent
$1,985
Annual Rent Cost
$23,820
Your Salary's Purchasing Power
Your $48,498 annual take-home pay in Grand Junction has the purchasing power of approximately $43,496 in an average-cost US area. You would need to earn $68,206 in Grand Junction to match a $61,171 salary in an average-cost city.
Top Industries in Grand Junction
Grand Junction's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $61,171.
Salary Tips for Grand Junction Workers
- Research top industries. Grand Junction's top industries include Technology, Aerospace, Energy. Targeting roles in these sectors can help you earn above the $61,171 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.
Related Salary Tools
Frequently Asked Questions
What is the median salary in Grand Junction, CO?
The median salary in Grand Junction, CO is $61,171 per year, or $29 per hour. The average salary is $68,512. This is $1,787 above the national median of $59,384.
What is the cost of living in Grand Junction, CO?
Grand Junction's cost of living index is 111.5 (national average = 100), meaning it is 11.5% more expensive compared to the national average. The median home price is $488,000 and the median monthly rent is $1,985.
What are the best industries in Grand Junction?
The top industries in Grand Junction, CO include Technology, Aerospace, Energy. The city has a job growth rate of 0.6% and an unemployment rate of 3.1%. Workers in these industries often earn above the city's median salary of $61,171.
How does Grand Junction's salary compare to other cities?
Grand Junction's median salary of $61,171 is 3.0% above the national median of $59,384. However, when adjusted for cost of living (index: 111.5), the real purchasing power is approximately $54,862.
What is the minimum wage in Grand Junction, CO?
The minimum wage in Grand Junction, 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.