What does a Carpenters salary really buy you in Colorado?
Colorado is 2.3% pricier than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
Colorado's Regional Price Parity (RPP) is 102.3, meaning prices are 2.3% higher the national average. A Carpenters earning $59,490 in Colorado has the equivalent purchasing power of $58,152 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Colorado's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $40,000 | $39,100 | $-899 |
| 25th Percentile (P25) | $48,870 | $47,771 | $-1,098 |
| Median (P50) | $59,490 | $58,152 | $-1,337 |
| 75th Percentile (P75) | $66,140 | $64,652 | $-1,487 |
| 90th Percentile (P90) | $75,680 | $73,978 | $-1,701 |
Colorado's cost of living is close to the national average, so $59,490 keeps most of its value at $58,152 in real terms. Location choice here is more about career opportunities than cost arbitrage.
Where does Carpenters salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Colorado ranks #24 out of 50 states for Carpenters after cost-of-living adjustment.
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A Carpenters in Colorado earns a median salary of $59,490 per year. After adjusting for Colorado's cost of living (RPP=102.3), the real purchasing power is $58,152 — a -2.2% difference.
Colorado's cost of living is 2.3% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Colorado is 102.3 (US average = 100).
Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Carpenters in Colorado: $59,490 x (100 / 102.3) = $58,152. This represents what the salary would be worth in a state with average living costs.
Partially — a Carpenters's nominal salary of $59,490 in Colorado has 2.2% less purchasing power due to higher living costs. The real value is $58,152. However, Colorado may offer better career opportunities, networking, and industry access.