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Job Salary Guide ยท 2026

Electrical Engineer Salary After Tax in Lakewood

Based on BLS OEWS data ยท CO ยท Single filer

Rent: ModerateCOL Index: 1.28

Electrical Engineer Salary Range

25th Percentile

$82,000

Take-home:

$62,465

$5,205/mo

Entry to mid-level

Median

$105,000

Take-home:

$77,633

$6,469/mo

Typical salary

75th Percentile

$132,000

Take-home:

$95,167

$7,931/mo

Senior / specialist

Tax Breakdown

At median salary of $105,000

Gross Salary$105,000
Federal Tax(14.0%)โ€“$14,714
CO State Taxโ€“$4,620
Social Securityโ€“$6,510
Medicareโ€“$1,523
Annual Take-Home$77,633
$6,469Monthly
$2,986Bi-Weekly
26.06%Effective Rate

Cost of Living in Lakewood

Rent-to-income ratio (1BR)27.8% โ€” Moderate

1BR Monthly Rent

$1,800/mo

2BR Monthly Rent

$2,250/mo

COL Index

1.28

Comfortable Rent Max

$1,617/mo

50 / 30 / 20 Budget Planner

Based on your monthly take-home of $6,469 ($77,628/yr)

Needs 50%Wants 30%Savings 20%
Needs50%

$3,235

per month

  • โ€บRent / mortgage
  • โ€บGroceries
  • โ€บUtilities
  • โ€บInsurance
  • โ€บMinimum debt payments
  • โ€บTransportation
Wants30%

$1,941

per month

  • โ€บDining out
  • โ€บStreaming services
  • โ€บGym
  • โ€บHobbies
  • โ€บTravel
  • โ€บShopping
Savings20%

$1,294

per month

  • โ€บEmergency fund
  • โ€บ401(k) / IRA
  • โ€บInvestments
  • โ€บDown payment fund
  • โ€บDebt payoff (extra)

Needs / year

$38,814

Wants / year

$23,288

Savings / year

$15,526

Frequently Asked Questions

What is the average Electrical Engineer salary in Lakewood?

The median Electrical Engineer salary in Lakewood (CO) is $105,000 per year based on BLS OEWS data. The 25th percentile is $82,000 and the 75th percentile is $132,000.

What is the take-home pay for a Electrical Engineer in Lakewood?

At the median salary of $105,000, a Electrical Engineer in CO takes home approximately $77,633 per year ($6,469/month) after federal and state taxes. The effective tax rate is 26.06%.

Can a Electrical Engineer afford rent in Lakewood?

The average 1-bedroom rent in Lakewood is $1,800/month. On the median Electrical Engineer salary, your rent-to-income ratio is 27.8%, which is "Moderate". Financial experts recommend keeping rent below 25โ€“30% of take-home pay ($1,617/month at this salary).

How does cost of living affect Electrical Engineer salaries in Lakewood?

Lakewood has a cost-of-living index of 1.28 (1.00 = national average). Lakewood is 28% more expensive than the US average, which reduces the real purchasing power of the Electrical Engineer salary.