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The Conversation
The Conversation
Jennifer C. Greenfield, Associate Professor of Social Work, University of Denver

A Colorado guaranteed income program could help families, but the costs are high

Colorado Andrew Yang SNAP United States
Guaranteed income programs have grown in popularity in the U.S. as costs of living continue to rise. Glowimages/GettyImages Plus

In Colorado, full-time workers need to earn an hourly wage of at least $36.79 to afford $2,000 in monthly rent, which is below the federal fair market rate for a Denver-area two-bedroom unit.

More than 87% of low-income Coloradans spend more than one-third of their pretax income on housing — a common benchmark for housing affordability. High costs of housing, child care and transportation in Colorado are key drivers of a statewide cost of living that is 12% above the national average.

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