Living Wage Calculator - Living Wage Calculation for Florida (2024)

The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. The assumption is the sole provider is working full-time (2080 hours per year). The tool provides information for individuals, and households with one or two working adults and zero to three children. In the case of households with two working adults, all values are per working adult, single or in a family unless otherwise noted.

The state minimum wage is the same for all individuals, regardless of how many dependents they may have. Data are updated annually, in the first quarter of the new year. State minimum wages are determined based on the posted value of the minimum wage as of January one of the coming year (National Conference of State Legislatures, 2019). The poverty rate reflects a person's gross annual income. We have converted it to an hourly wage for the sake of comparison.

For further detail, please reference the technical documentation here.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0Children 1Child 2Children 3Children 0Children 1Child 2Children 3Children 0Children 1Child 2Children 3Children
Living Wage $17.72 $35.98 $45.96 $60.66 $27.71 $34.27 $39.04 $43.84 $13.85 $19.91 $25.07 $30.25
Poverty Wage $6.53 $8.80 $11.07 $13.34 $8.80 $11.07 $13.34 $15.61 $4.40 $5.54 $6.67 $7.81
Minimum Wage $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00

Typical Expenses

These figures show the individual expenses that went into the living wage estimate. Their values vary by family size, composition, and the current location.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0Children 1Child 2Children 3Children 0Children 1Child 2Children 3Children 0Children 1Child 2Children 3Children
Food $3,926 $5,795 $8,707 $11,540 $7,198 $8,966 $11,564 $14,071 $7,198 $8,966 $11,564 $14,071
Child Care $0 $9,656 $19,311 $28,967 $0 $0 $0 $0 $0 $9,656 $19,311 $28,967
Medical $3,184 $9,190 $9,200 $9,126 $6,832 $9,200 $9,126 $9,279 $6,832 $9,200 $9,126 $9,279
Housing $12,221 $16,596 $16,596 $21,997 $13,566 $16,596 $16,596 $21,997 $13,566 $16,596 $16,596 $21,997
Transportation $5,477 $9,851 $12,045 $14,484 $9,851 $12,045 $14,484 $15,530 $9,851 $12,045 $14,484 $15,530
Civic $3,074 $6,107 $6,821 $9,300 $6,107 $6,821 $9,300 $7,395 $6,107 $6,821 $9,300 $7,395
Other $4,253 $7,420 $8,755 $9,610 $7,420 $8,755 $9,610 $10,749 $7,420 $8,755 $9,610 $10,749
Required annual income after taxes $32,267 $64,745 $81,567 $105,154 $51,105 $62,515 $70,810 $79,151 $51,105 $72,171 $90,121 $108,119
Annual taxes $4,581 $10,101 $14,034 $21,027 $6,523 $8,765 $10,395 $12,034 $6,523 $10,663 $14,190 $17,726
Required annual income before taxes $36,848 $74,847 $95,600 $126,182 $57,628 $71,281 $81,205 $91,186 $57,628 $82,834 $104,311 $125,845

Typical Annual Salaries

These are the typical annual salaries for various professions in this location.

Occupational Area Typical Annual Salary
Management $105,083
Business & Financial Operations $68,412
Computer & Mathematical $86,406
Architecture & Engineering $85,171
Life, Physical, & Social Science $65,314
Community & Social Service $51,158
Legal $72,646
Education, Training, & Library $53,936
Arts, Design, Entertainment, Sports, & Media $52,999
Healthcare Practitioners & Technical $68,280
Healthcare Support $32,657
Protective Service $42,172
Food Preparation & Serving Related $27,519
Building & Grounds Cleaning & Maintenance $31,874
Personal Care & Service $31,003
Sales & Related $32,624
Office & Administrative Support $40,882
Farming, Fishing, & Forestry $30,717
Construction & Extraction $43,958
Installation, Maintenance, & Repair $50,739
Production $40,088
Transportation & Material Moving $34,344

As an expert in economic analysis and wage determinants, I bring a wealth of knowledge to shed light on the intricacies of living wages, minimum wages, and their implications. My expertise is grounded in comprehensive research and a nuanced understanding of the economic factors influencing wage structures.

Let's delve into the key concepts presented in the article:

  1. Living Wage:

    • Definition: The living wage is the hourly rate an individual in a household must earn to support themselves and their family. It assumes the sole provider is working full-time (2080 hours per year).
    • Variability: The living wage varies based on family composition, ranging from $17.72 for a single adult to $60.66 for a household with two working adults and three children.
  2. Poverty Wage:

    • Definition: The poverty wage reflects a person's gross annual income, converted to an hourly wage for comparison.
    • Values: Poverty wages range from $6.53 for a single adult to $15.61 for a household with two working adults and three children.
  3. Minimum Wage:

    • Uniformity: State minimum wages are the same for all individuals, irrespective of dependents. The data provided indicates a minimum wage of $11.00 across different family compositions.
  4. Typical Expenses:

    • Components: The living wage estimate considers various expenses such as food, child care, medical costs, housing, transportation, civic expenses, and other miscellaneous costs.
    • Dependency: The values for these expenses vary depending on family size and composition.
  5. Required Annual Income:

    • Calculation: The article outlines the required annual income after taxes, factoring in expenses. It is presented for different family compositions.
    • Tax Consideration: The importance of taxes is highlighted, with annual taxes deducted to arrive at the required income after taxes.
  6. Typical Annual Salaries:

    • Professions: The article provides typical annual salaries for various occupational areas. Salaries range from $27,519 for Food Preparation & Serving Related occupations to $105,083 for Management roles.

In conclusion, the article paints a comprehensive picture of living wages, poverty wages, and minimum wages, taking into account the diverse expenses faced by individuals and families. The inclusion of typical annual salaries for different professions provides additional context, showcasing the economic landscape and the challenges individuals may encounter in meeting their financial needs. For more technical details, the referenced documentation can be consulted.

Living Wage Calculator
       - Living Wage Calculation for Florida (2024)
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