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 $10.21 $22.36 $27.87 $35.13 $17.03 $21.86 $24.38 $27.24 $12.77 $8.10 $12.77 $15.27 $17.94
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 $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 $3,047 $4,613 $6,867 $9,073 $5,587 $7,069 $9,079 $11,031 $5,587 $7,069 $9,079 $11,031
Child Care $0 $6,352 $10,570 $14,789 $0 $0 $0 $0 $0 $6,352 $10,570 $14,789
Medical $2,137 $6,599 $6,313 $6,473 $4,511 $6,313 $6,473 $6,331 $4,511 $6,313 $6,473 $6,331
Housing $6,108 $9,336 $9,336 $13,008 $7,608 $9,336 $9,336 $13,008 $6,108 $9,336 $9,336 $13,008
Transportation $4,235 $8,042 $10,504 $11,460 $8,042 $10,504 $11,460 $11,498 $8,042 $10,504 $11,460 $11,498
Other $2,560 $4,175 $5,027 $6,260 $4,175 $5,027 $6,260 $5,702 $4,175 $5,027 $6,260 $5,702
Required annual income after taxes $18,087 $39,117 $48,617 $61,063 $29,922 $38,250 $42,608 $47,571 $28,422 $44,602 $53,178 $62,360
Annual taxes $3,159 $7,392 $9,358 $12,000 $5,497 $7,214 $8,109 $9,082 $5,291 $8,519 $10,346 $12,281
Required annual income before taxes $21,245 $46,509 $57,975 $73,063 $35,419 $45,464 $50,718 $56,653 $53,121 $33,713 $53,121 $63,525 $74,641

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $82,280
Business & Financial Operations $58,170
Computer & Mathematical $66,790
Architecture & Engineering $68,670
Life, Physical, & Social Science $54,050
Community & Social Service $42,840
Legal $51,290
Education, Training, & Library $58,370
Arts, Design, Entertainment, Sports, & Media $43,230
Healthcare Practitioners & Technical $56,850
Healthcare Support $29,860
Protective Service $55,350
Food Preparation & Serving Related $18,910
Building & Grounds Cleaning & Maintenance $25,010
Personal Care & Service $22,030
Sales & Related $22,130
Office & Administrative Support $33,990
Farming, Fishing, & Forestry $28,950
Construction & Extraction $35,640
Installation, Maintenance, & Repair $42,650
Production $36,220
Transportation & Material Moving $23,440