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 $11.51 $25.89 $33.77 $43.08 $18.58 $23.23 $25.77 $28.42 $14.50 $8.84 $14.50 $18.22 $22.01
Poverty Wage $5.00 $7.00 $9.00 $11.00 $7.00 $9.00 $11.00 $13.00 $3.00 $4.00 $5.00 $6.00
Minimum Wage $9.00 $9.00 $9.00 $9.00 $9.00 $9.00 $9.00 $9.00 $9.00 $9.00 $9.00 $9.00

*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 $3,464 $5,244 $7,806 $10,314 $6,351 $8,037 $10,321 $12,541 $6,351 $8,037 $10,321 $12,541
Child Care $0 $9,967 $18,475 $26,984 $0 $0 $0 $0 $0 $9,967 $18,475 $26,984
Medical $2,392 $6,993 $6,706 $6,867 $5,399 $6,706 $6,867 $6,724 $5,399 $6,706 $6,867 $6,724
Housing $8,220 $12,060 $12,060 $14,964 $9,876 $12,060 $12,060 $14,964 $8,220 $12,060 $12,060 $14,964
Transportation $3,568 $6,775 $8,850 $9,655 $6,775 $8,850 $9,655 $9,687 $6,775 $8,850 $9,655 $9,687
Other $2,355 $3,841 $4,625 $5,760 $3,841 $4,625 $5,760 $5,246 $3,841 $4,625 $5,760 $5,246
Required annual income after taxes $19,999 $44,880 $58,522 $74,543 $32,242 $40,278 $44,662 $49,163 $30,586 $50,245 $63,137 $76,147
Annual taxes $3,943 $8,974 $11,729 $15,070 $6,401 $8,045 $8,930 $9,946 $6,174 $10,058 $12,661 $15,397
Required annual income before taxes $23,942 $53,854 $70,251 $89,613 $38,643 $48,323 $53,593 $59,109 $60,303 $36,760 $60,303 $75,798 $91,544

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $96,940
Business & Financial Operations $64,410
Computer & Mathematical $72,820
Architecture & Engineering $79,080
Life, Physical, & Social Science $63,690
Community & Social Service $47,730
Legal $82,230
Education, Training, & Library $47,720
Arts, Design, Entertainment, Sports, & Media $46,010
Healthcare Practitioners & Technical $59,640
Healthcare Support $27,130
Protective Service $45,360
Food Preparation & Serving Related $20,540
Building & Grounds Cleaning & Maintenance $25,160
Personal Care & Service $24,510
Sales & Related $25,580
Office & Administrative Support $35,810
Farming, Fishing, & Forestry $35,690
Construction & Extraction $47,470
Installation, Maintenance, & Repair $45,210
Production $37,250
Transportation & Material Moving $33,490