Living Wage Calculation for Albany-Schenectady-Troy, NY

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 $11.78 $26.71 $35.78 $48.03 $19.23 $22.54 $25.58 $28.21 $18.43 $9.20 $14.32 $19.47 $24.43
Poverty Wage $5.80 $7.81 $9.82 $11.83 $7.81 $9.82 $11.83 $13.84 $3.90 $4.91 $5.91 $6.92
Minimum Wage $10.40 $10.40 $10.40 $10.40 $10.40 $10.40 $10.40 $10.40 $10.40 $10.40 $10.40 $10.40

*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 $3,467 $5,103 $7,680 $10,192 $6,357 $7,905 $10,203 $12,428 $6,357 $7,905 $10,203 $12,428
Child Care $0 $10,536 $23,072 $35,607 $0 $0 $0 $0 $0 $10,536 $23,072 $35,607
Medical $2,367 $6,674 $6,393 $6,450 $5,336 $6,393 $6,450 $6,120 $5,336 $6,393 $6,450 $6,120
Housing $8,280 $12,072 $12,072 $15,108 $9,804 $12,072 $12,072 $15,108 $8,280 $12,072 $12,072 $15,108
Transportation $3,609 $7,457 $7,828 $9,398 $7,457 $7,828 $9,398 $9,361 $7,457 $7,828 $9,398 $9,361
Other $2,656 $4,294 $4,736 $6,059 $4,294 $4,736 $6,059 $5,620 $4,294 $4,736 $6,059 $5,620
Required annual income after taxes $20,378 $46,136 $61,781 $82,814 $33,248 $38,934 $44,182 $48,637 $31,724 $49,470 $67,254 $84,244
Annual taxes $4,131 $9,428 $12,636 $17,083 $6,755 $7,946 $9,020 $10,045 $6,542 $10,108 $13,756 $17,377
Required annual income before taxes $24,509 $55,563 $74,416 $99,897 $40,003 $46,880 $53,202 $58,682 $57,513 $38,266 $59,578 $81,009 $101,621

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $102,039
Business & Financial Operations $67,076
Computer & Mathematical $75,174
Architecture & Engineering $83,128
Life, Physical, & Social Science $67,732
Community & Social Service $49,405
Legal $83,773
Education, Training, & Library $52,695
Arts, Design, Entertainment, Sports, & Media $49,446
Healthcare Practitioners & Technical $62,535
Healthcare Support $28,024
Protective Service $46,750
Food Preparation & Serving Related $22,581
Building & Grounds Cleaning & Maintenance $26,158
Personal Care & Service $25,277
Sales & Related $27,286
Office & Administrative Support $37,884
Farming, Fishing, & Forestry $29,910
Construction & Extraction $49,918
Installation, Maintenance, & Repair $46,904
Production $38,940
Transportation & Material Moving $33,794