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Here’s a look at the living wage a single person would need in these metros. ... Baltimore. Average annual expenditure cost: $20,618. Average annual mortgage cost: $12,146. Income needed: $65,528.
Baltimore, Maryland, USA skyline on the Inner Harbor. Maryland. Annual Living Wage: $83,159. ... "Living wage" is defined as the income required to be able to cover 50% necessities, 30% ...
Wyoming. Living Wage: $68,563 Wyoming is one of a few states where income exceeds the living wage. With a median income of $72,495, the average Wyoming resident has enough to get by.
Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [ 2 ] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings.
Per Capita Personal Income (PCPI) is a more inclusive estimate of the average standard of living of residents in the U.S. than measures of per capita income. PCPI "includes wages, benefits, proprietor income, dividends, interest, rent, and transfer payments" such as Social Security, veteran's benefits, farm subsidies, welfare, and food stamps. [3]
A living wage is defined as the minimum income necessary for a worker to meet their basic needs. [3] This is not the same as a subsistence wage, which refers to a biological minimum, or a solidarity wage, which refers to a minimum wage tracking labor productivity. Needs are defined to include food, housing, and other essential needs such as ...
You’ll need $112,411 to make what’s considered a living wage in Hawaii. Massachusetts, California, New York and Alaska round out the top five most expensive states for a single person.
Baltimore [a] is the most populous city in the U.S. state of Maryland.With a population of 585,708 at the 2020 census, it is the 30th-most populous US city. [15] Baltimore was designated as an independent city by the Constitution of Maryland [b] in 1851, and is the most populous independent city in the nation.