Living Wage Calculator
A living wage is defined as the income that a full-time worker requires to cover or support the costs of their family’s basic needs where they live. It often exceeds the minimum wage, which is the lowest pay rate allowed by law, and the poverty wage, which is the minimum amount of pay that would put a worker below the poverty line.
The Living Wage Institute at the Massachusetts Institute of Technology (MIT) created a living wage calculator to factor in the cost of basic needs in different localities. The calculator features geographically-specific costs for food, childcare, health care, housing, transportation, other basic needs – like clothing, personal care items, and broadband, among others – and taxes at the county, metro, and state levels for 12 different family types.
What is the living wage where you live?