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Indiana. Living Wage: $67,728. Indiana is one of the cheaper states to live in, with the median income coming to $67,173 for residents and the gap between a liveable wage is only $555.
Indiana. Annual Living Wage: $55,583. Indiana is one of the cheaper states to live in, thanks to costs of living that are below the national average in each category in the study.
The MIT Living Wage Calculator's assumptions for family composition include a young child in one-child families, a young child and a school-age child for those with two kids, and a young child, a ...
Cost of a basic but decent life for a family [1] [2]. 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.
Indiana. Income needed: $77,033 ©Shutterstock.com. Iowa. Income needed: $76,142. ... “Living wage” is defined as the income required to be able to allocate 50% to necessities, 30% to ...
Kansas City set up a voluntary living wage program for employers to register. In 2022, the living wage is $15.00. [263] Montana: $10.55 $10.55 Minimum wage rate is automatically adjusted annually based on the U.S. Consumer Price Index. Income from tips cannot offset an employee's pay rate while same minimum wage applied for both tipped and non ...
SmartAsset used MIT Living Wage Calculator data to gather the basic cost of living for an individual with no children and for two working adults with two children. ... MIT's living wage is assumed ...
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.