Colorado Minimum Wage 2026 & 2027
The Colorado minimum wage is $15.16 an hour as of 2026-10-25, rising to $15.71 on January 1, 2027. Full time, that is about $31,533 a year.
Colorado minimum wage rates
| Hourly rate | |
|---|---|
| January 1, 2026 | $15.16 |
| January 1, 2027 | $15.71 |
| Tipped workers (cash wage) | $12.14 |
| Federal minimum | $7.25 |
Earnings at $15.16 an hour
| Amount | |
|---|---|
| Per week (40 hours) | $606 |
| Per month | $2,628 |
| Per year (2,080 hours) | $31,533 |
| Take-home per month after federal tax & FICA | $2,293 |
Other payroll deductions in Colorado
| Program | Employee rate | Wage cap |
|---|---|---|
| FAMLI (employee share) | 0.44% | $184,500 |
Details
- CDLE announced 2026-08-13: $15.71 in 2027, tipped $12.69 (tip credit $3.02).
- Denver, Boulder, Edgewater, unincorporated Boulder County set higher local rates.
Sources: cdle.colorado.gov · cdle.colorado.gov · dol.gov
Frequently asked questions
What is the minimum wage in Colorado in 2026?
$15.16 an hour as of 2026-10-25.
Will the Colorado minimum wage go up in 2027?
Yes. It rises to $15.71 on January 1, 2027.
What is the tipped minimum wage in Colorado?
$12.14 an hour in cash wages; tips must make up the difference to the full minimum wage.
How much is $15.16 an hour per year?
$31,533 a year at 40 hours a week, or about $2,628 a month before taxes.