Colorado Minimum Wage and Income Tax 2026
What it costs to pay people and earn money in Colorado.
Minimum wage$15.16per hour
Income tax4.40% flat
State sales tax2.90%about 7.89% with local tax
Corporate tax4.40%
Minimum wage in Colorado
The minimum wage is $15.16 an hour, $7.91 above the federal $7.25.
Full time at 40 hours, that is $606 a week or $31,533 a year. It ranks 10 of 51, higher than 41 others.
As of July 1, 2026. Source: U.S. Department of Labor.
Income tax in Colorado
Colorado has a flat income tax of 4.40%.
The top rate ranks 30 of 51.
Single filers, as of January 1, 2026. Source: Tax Foundation.
Corporate tax in Colorado
The top corporate income tax rate is 4.40%. The rate may be reduced midyear, subject to revenue.
It ranks 40 of 51.
As of April 2, 2026. Source: Tax Foundation.
Sales tax in Colorado
The state rate is 2.90%. With the average local tax, shoppers pay about 7.89%.
As of July 1, 2026. Source: Tax Foundation.