Effective January 1, 2019, the minimum wage in Colorado has increased from $10.20/hr to $11.10/hr. For those of us imputing income to a parent or spouse with minimal work experience, that means we now use a figure of $1924/mo for a full-time 40-hour week.
Per the voter-approved Amendment 70, minimum wage will go up by another 90 cents to $12/hr on 1/1/2020, whereupon it will stabilize somewhat and then go up with Colorado’s Consumer Price Index.
Note that annual increases/COLAs are not unusual – for example, we’ve written about the increases in military retirement in January each year.
Colorado Minimum Wage vs Other States
Note, however, that this is only Colorado’s level. Per NBC News, 20 states and 21 cities have their own separate wage levels, so if a party to a family law proceeding lives outside of Colorado, you will need to research whether his/her location has their own number.
And if someone lives in a place without a separate standard, then the federal minimum wage of $7.25/hr applies, which comes to $1257/mo for a full-time 40-hour week.
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For more information about our top-rated El Paso County family law firm, contact us by filling out our contact form, calling us at (719) 630-1123 to set up a free consult, or click on:
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