Paycheck Atlas

Is $40k a good salary in Colorado Springs, CO?

tight A $40k salary is 56% below the median household income here ($90,144). After tax you take home about $2,713 a month, and median rent ($1,699) takes 63% of that.

$32,560 take-home a year
Gross pay$40,000
Federal income tax−$2,620
Social Security + Medicare−$3,060
Colorado income tax (approx.)−$1,760
Monthly take-home$2,713
Every two weeks$1,252
$39,719What $40k buys in Colorado Springs, CO, expressed in average-US prices (price level 100.7).
63%Rent share of take-home. Under 25% is comfortable, 25–35% workable, above 35% tight.

Jobs that pay about $40k in Colorado Springs, CO

Other salaries in Colorado Springs, CO

Median household income and rent: Census 2024 ACS 5-year. Household income covers all earners, so compare with care if you live alone. Take-home is an estimate for a single filer.