Living Wage Calculator
Calculate the minimum income needed to meet basic needs in your area. Determine living wage based on family size, location, and essential expenses.
Step 1: Family & Location
Understanding Living Wage
A living wage is the minimum income necessary for workers to meet their basic needs. This includes housing, food, healthcare, transportation, and other essentials.
Step 2: Expenses & Costs
About Essential Expenses
These costs represent minimum expenses for basic needs. Actual costs may vary based on location, lifestyle, and individual circumstances.
Living Wage Results
Required Annual Living Wage
Wage Type Comparison
| Wage Type | Hourly Rate | Annual Income | Monthly Shortfall |
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Expense Breakdown
Living Wage Calculation Formula
Annual Living Wage = (Monthly Essential Expenses × 12) + (Taxes & Other Costs) × Location Multiplier
To calculate living wage: Sum all monthly essential expenses, multiply by 12 months, add estimated taxes (20-30%), then apply location cost multiplier.
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