Colorado Facts & Stats
In order to afford a two-bedroom apartment, a household must earn at least $62,640/year. The average fair market rent of this apartment is $1,566 in Adams County.
According to the Metro Denver Homeless Initiative's Point in Time Survey, 62% of those homeless in Adams County are families with children.
The top three reasons given for homelessness in Adams County are:
1. Loss of employment
2. Housing costs are too high
3. Family or relationship breakup (divorce)
To afford a $1,566/month rental, a single wage earner would need to be paid $30.12/hour to live comfortably & a minimum wage worker must work 100 hours per week to afford the same rental.