Salary & Cost of Living in Loveland, CO
Loveland, CO: $52,842 median salary, cost of living index 102.5, $14.42/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$52,842
$25/hr
Cost of Living
102.5
US avg = 100
Minimum Wage
$14.42
per hour
Unemployment
3.5%
rate
Loveland, CO Overview
Population
76,378
Median Salary
$52,842
Average Salary
$59,183
Avg Commute
18 min
Median Home Price
$435,000
Median Rent
$1,778/mo
Job Growth
+1.4%
Sales Tax
2.9%
Loveland is located in Colorado with a population of 76,378. The median household salary is $52,842 per year ($25/hour), which is $6,542 below the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +1.4%.
Loveland Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Loveland, CO, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$42,172
$3,514.33/month · $1,622.00/biweekly · Effective Rate: 20.2%
Gross Pay
$52,842
Federal Tax
-$4,303
State Tax
-$2,325
Local Tax
$0
FICA
-$4,042
Net Pay
$42,172
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,403.50 | $52,842.00 |
| Federal Income Tax | -$358.55 | -$4,302.54 |
| Colorado State Tax (4.4%) | -$193.75 | -$2,325.05 |
| Social Security (6.2%) | -$273.02 | -$3,276.20 |
| Medicare (1.45%) | -$63.85 | -$766.21 |
| Net Take-Home Pay | $3,514.33 | $42,172.00 |
Salary Comparison: Loveland vs Other Cities
See how Loveland's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Loveland, CO | $52,842 | 102.5 | $51,553 |
| National Average | $59,384 | 100 | $59,384 |
| Norristown, PA | $52,849 | 97.3 | $54,316 |
| Tucker, GA | $52,853 | 88.7 | $59,586 |
| Saratoga Springs, UT | $52,855 | 100.4 | $52,644 |
| Urbana, IL | $52,856 | 86.9 | $60,824 |
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 Loveland
Loveland's cost of living index is 102.5 (national average = 100). Living in Loveland is 2.5% more expensive than the national average.
Median Home Price
$435,000
Median Monthly Rent
$1,778
Annual Rent Cost
$21,336
Your Salary's Purchasing Power
Your $42,172 annual take-home pay in Loveland has the purchasing power of approximately $41,143 in an average-cost US area. You would need to earn $54,163 in Loveland to match a $52,842 salary in an average-cost city.
Top Industries in Loveland
Loveland's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $52,842.
Salary Tips for Loveland Workers
- Research top industries. Loveland's top industries include Technology, Aerospace, Energy. Targeting roles in these sectors can help you earn above the $52,842 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.
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Frequently Asked Questions
What is the median salary in Loveland, CO?
The median salary in Loveland, CO is $52,842 per year, or $25 per hour. The average salary is $59,183. This is $6,542 below the national median of $59,384.
What is the cost of living in Loveland, CO?
Loveland's cost of living index is 102.5 (national average = 100), meaning it is 2.5% more expensive compared to the national average. The median home price is $435,000 and the median monthly rent is $1,778.
What are the best industries in Loveland?
The top industries in Loveland, CO include Technology, Aerospace, Energy. The city has a job growth rate of 1.4% and an unemployment rate of 3.5%. Workers in these industries often earn above the city's median salary of $52,842.
How does Loveland's salary compare to other cities?
Loveland's median salary of $52,842 is 11.0% below the national median of $59,384. However, when adjusted for cost of living (index: 102.5), the real purchasing power is approximately $51,553.
What is the minimum wage in Loveland, CO?
The minimum wage in Loveland, 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.