Living Wage Calculation for Ames, IA

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 $11.45 $24.12 $27.81 $34.28 $18.68 $22.41 $25.07 $28.12 $25.83 $8.92 $13.24 $15.30 $17.56
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 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25

*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 $7,028 $9,485 $11,942 $0 $0 $0 $0 $0 $7,028 $9,485 $11,942
Medical $2,237 $6,427 $6,084 $6,166 $4,828 $6,084 $6,166 $5,885 $4,828 $6,084 $6,166 $5,885
Housing $7,284 $10,644 $10,644 $14,508 $8,820 $10,644 $10,644 $14,508 $7,284 $10,644 $10,644 $14,508
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 $20,231 $42,107 $48,456 $59,535 $32,755 $39,163 $43,739 $49,020 $31,219 $46,191 $53,224 $60,962
Annual taxes $3,594 $8,060 $9,395 $11,760 $6,105 $7,449 $8,398 $9,460 $5,891 $8,907 $10,438 $12,072
Required annual income before taxes $23,825 $50,167 $57,851 $71,295 $38,860 $46,612 $52,137 $58,481 $53,720 $37,110 $55,098 $63,662 $73,034

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $91,617
Business & Financial Operations $61,178
Computer & Mathematical $72,175
Architecture & Engineering $71,599
Life, Physical, & Social Science $58,709
Community & Social Service $46,693
Legal $53,771
Education, Training, & Library $62,669
Arts, Design, Entertainment, Sports, & Media $45,634
Healthcare Practitioners & Technical $59,213
Healthcare Support $31,335
Protective Service $53,606
Food Preparation & Serving Related $20,770
Building & Grounds Cleaning & Maintenance $27,909
Personal Care & Service $23,558
Sales & Related $24,864
Office & Administrative Support $36,293
Farming, Fishing, & Forestry $30,162
Construction & Extraction $40,408
Installation, Maintenance, & Repair $46,971
Production $42,218
Transportation & Material Moving $32,610