A living wage is the hourly pay rate that an individual must earn to support a family working full time, year-round (40 hours per week for 52 weeks a year).
It is based on estimates of the cost of living using a set of typical expenses for the location, including food, child care, health care, housing, transportation, other necessities, and taxes.
It is worth noting that a living wage for single parent families is over three times the federal minimum wage of $7.25/hour.
*Note: In 2014, the model began including the category "2 adults 2 children - both working.” In other words, both working adults need to earn this wage.
Data Source: MIT Living Wage Calculator - online access for all data at: livingwage.mit.edu
Davey Strategies • All Rights Reserved
Please use the data guide below to quickly locate a section or chart.