Living Wage Calculation for Iosco County, Michigan

The living wage shown is the hourly rate that an individual must earn to support their family, if they are the sole provider and are working full-time (2080 hours per year). All values are per adult in a family unless otherwise noted. The state minimum wage is the same for all individuals, regardless of how many dependents they may have. The poverty rate is typically quoted as 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.

Hourly Wages 1 Adult 1 Adult 1 Child 1 Adult 2 Children 1 Adult 3 Children 2 Adults (1 Working) 2 Adults (1 Working) 1 Child 2 Adults (1 Working) 2 Children 2 Adults (1 Working) 3 Children 2 Adults (1 Working Part Time) 1 Child* 2 Adults 2 Adults 1 Child 2 Adults 2 Children 2 Adults 3 Children
Living Wage $10.41 $22.19 $27.37 $34.27 $17.71 $20.49 $23.09 $25.13 $23.84 $8.86 $12.26 $15.04 $17.54
Poverty Wage $5.84 $7.91 $9.99 $12.07 $7.91 $9.99 $12.07 $14.14 $3.96 $5.00 $6.03 $7.07
Minimum Wage $9.25 $9.25 $9.25 $9.25 $9.25 $9.25 $9.25 $9.25 $9.25 $9.25 $9.25 $9.25

*Documentation for families with an adult working part-time is available separately, here.

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.

Annual Expenses 1 Adult 1 Adult 1 Child 1 Adult 2 Children 1 Adult 3 Children 2 Adults (1 Working) 2 Adults (1 Working) 1 Child 2 Adults (1 Working) 2 Children 2 Adults (1 Working) 3 Children 2 Adults (1 Working Part Time) 1 Child* 2 Adults 2 Adults 1 Child 2 Adults 2 Children 2 Adults 3 Children
Food $3,058 $4,508 $6,786 $9,001 $5,607 $6,979 $9,012 $10,972 $5,607 $6,979 $9,012 $10,972
Child Care $0 $7,068 $12,287 $17,506 $0 $0 $0 $0 $0 $7,068 $12,287 $17,506
Medical $2,214 $5,536 $5,192 $5,274 $4,749 $5,192 $5,274 $4,993 $4,749 $5,192 $5,274 $4,993
Housing $5,340 $8,364 $8,364 $10,488 $7,284 $8,364 $8,364 $10,488 $7,284 $8,364 $8,364 $10,488
Transportation $4,866 $8,867 $10,426 $12,063 $8,867 $10,426 $12,063 $11,925 $8,867 $10,426 $12,063 $11,925
Other $2,785 $4,633 $5,030 $5,855 $4,633 $5,030 $5,855 $5,729 $4,633 $5,030 $5,855 $5,729
Required annual income after taxes $18,264 $38,975 $48,086 $60,187 $31,139 $35,991 $40,567 $44,108 $31,139 $43,059 $52,854 $61,614
Annual taxes $3,392 $7,179 $8,837 $11,096 $5,704 $6,636 $7,469 $8,170 $5,704 $7,923 $9,705 $11,356
Required annual income before taxes $21,656 $46,154 $56,923 $71,283 $36,843 $42,627 $48,036 $52,278 $49,596 $36,843 $50,982 $62,559 $72,970

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $103,664
Business & Financial Operations $65,755
Computer & Mathematical $77,843
Architecture & Engineering $81,515
Life, Physical, & Social Science $57,618
Community & Social Service $45,140
Legal $72,350
Education, Training, & Library $45,305
Arts, Design, Entertainment, Sports, & Media $43,834
Healthcare Practitioners & Technical $65,231
Healthcare Support $29,390
Protective Service $40,727
Food Preparation & Serving Related $20,687
Building & Grounds Cleaning & Maintenance $25,255
Personal Care & Service $23,280
Sales & Related $26,819
Office & Administrative Support $34,740
Farming, Fishing, & Forestry $26,880
Construction & Extraction $48,494
Installation, Maintenance, & Repair $45,017
Production $35,707
Transportation & Material Moving $32,034