How much money does a person working in Factory and Manufacturing make in Colorado?
5,861 USD per month
Average Monthly Salary
A person working in Factory and Manufacturing in Colorado typically earns around 5,861 USD per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Factory and Manufacturing jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Salaries for specific jobs
|Director Of Manufacturing||8,250 USD|
|Production Manager||5,000 USD|
|Quality Control Analyst||4,333 USD|
Factory and Manufacturing Jobs Salary Distribution in Colorado
25% of people earn
50% of people earn
75% of people earn
Abount These Figures: Salary Range, Median and Percentiles
The Factory and Manufacturing salaries in Colorado range between 4,333 USD per month (minimum salary) to 8,250 USD per month (maximum salary).
The median salary is 5,000 USD per month, which means that half (50%) of people working in Factory and Manufacturing are earning less than 5,000 USD while the other half are earning more than 5,000 USD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Factory and Manufacturing are earning less than 4,667 USD while 75% of them are earning more than 4,667 USD. Also from the diagram, 75% of people working in Factory and Manufacturing are earning less than 6,625 USD while 25% are earning more than 6,625 USD.
What is the difference between the median and the average salary? What should you be looking at?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary
Factory and Manufacturing Salary Forecast and Trend in Colorado
How do Factory and Manufacturing salaries change over time? Listed below is a chart that shows the average salary in recent years.
|Average Salary 2016|| = |
|Average Salary 2017|| +3% |
|Average Salary 2018|| +3% |
|Average Salary 2019|| +3% |
Percentage increase and decrease are relative to the previous value
Factory and Manufacturing salaries in Colorado are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.
Factory and Manufacturing Hourly Average Wage in Colorado
30 USD per hour
Average Hourly Wage
The average hourly wage (pay per hour) in Colorado for Factory and Manufacturing is 30 USD. This means that the average person in Colorado earns approximatly 30 USD for every worked hour.
Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )
The hourly wage is the salary paid in one working hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.
Salary Comparison of Factory and Manufacturing Jobs in Colorado
Factory and Manufacturing
We compared Colorado salaries for Factory and Manufacturing and All Jobs and we found that Factory and Manufacturing salaries are 3% less than those of All Jobs.
Salary Comparison for Factory and Manufacturing Jobs in United States
We compared Factory and Manufacturing salaries in Colorado and United States and we found that Colorado salaries are 14% more than those of United States.
Salary Comparison By City