Salary & Cost of Living in Westminster, CO
Westminster, CO: $70,000 median salary, cost of living index 108, $14.81/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$70,000
$34/hr
Cost of Living
108
US avg = 100
Minimum Wage
$14.81
per hour
Unemployment
3%
rate
Westminster, CO Overview
Population
116,317
Median Salary
$70,000
Average Salary
$77,000
Avg Commute
28 min
Median Home Price
$480,000
Median Rent
$1,600/mo
Job Growth
+2%
Sales Tax
8.56%
Westminster is located in Colorado with a population of 116,317. The median household salary is $70,000 per year ($34/hour), which is $10,616 above the national median of $59,384. The average commute time is 28 minutes, and the city has a job growth rate of +2%.
Westminster Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Westminster, CO, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$54,551
$4,545.92/month · $2,098.12/biweekly · Effective Rate: 22.1%
Gross Pay
$70,000
Federal Tax
-$7,014
State Tax
-$3,080
Local Tax
$0
FICA
-$5,355
Net Pay
$54,551
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,833.33 | $70,000.00 |
| Federal Income Tax | -$584.50 | -$7,014.00 |
| Colorado State Tax (4.4%) | -$256.67 | -$3,080.00 |
| Social Security (6.2%) | -$361.67 | -$4,340.00 |
| Medicare (1.45%) | -$84.58 | -$1,015.00 |
| Net Take-Home Pay | $4,545.92 | $54,551.00 |
Salary Comparison: Westminster vs Other Cities
See how Westminster's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Westminster, CO | $70,000 | 108 | $64,815 |
| National Average | $59,384 | 100 | $59,384 |
| Rancho Cucamonga, CA | $70,000 | 118 | $59,322 |
| Durham, NC | $70,000 | 102 | $68,627 |
| Lakewood, CO | $70,200 | 110 | $63,818 |
| Juneau, AK | $70,500 | 132 | $53,409 |
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 Westminster
Westminster's cost of living index is 108 (national average = 100). Living in Westminster is 8% more expensive than the national average.
Median Home Price
$480,000
Median Monthly Rent
$1,600
Annual Rent Cost
$19,200
Your Salary's Purchasing Power
Your $54,551 annual take-home pay in Westminster has the purchasing power of approximately $50,510 in an average-cost US area. You would need to earn $75,600 in Westminster to match a $70,000 salary in an average-cost city.
Top Industries in Westminster
Westminster's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $70,000.
Salary Tips for Westminster Workers
- Research top industries. Westminster's top industries include Healthcare, Technology, Retail. Targeting roles in these sectors can help you earn above the $70,000 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 Westminster, CO?
The median salary in Westminster, CO is $70,000 per year, or $34 per hour. The average salary is $77,000. This is $10,616 above the national median of $59,384.
What is the cost of living in Westminster, CO?
Westminster's cost of living index is 108 (national average = 100), meaning it is 8% more expensive compared to the national average. The median home price is $480,000 and the median monthly rent is $1,600.
What are the best industries in Westminster?
The top industries in Westminster, CO include Healthcare, Technology, Retail. The city has a job growth rate of 2% and an unemployment rate of 3%. Workers in these industries often earn above the city's median salary of $70,000.
How does Westminster's salary compare to other cities?
Westminster's median salary of $70,000 is 17.9% above the national median of $59,384. However, when adjusted for cost of living (index: 108), the real purchasing power is approximately $64,815.
What is the minimum wage in Westminster, CO?
The minimum wage in Westminster, CO is $14.81 per hour. This equals approximately $30,805 per year for a full-time worker (40 hours/week). This is $7.56 above the federal minimum wage of $7.25/hour.