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 $10.58 $23.33 $26.43 $33.19 $17.99 $21.07 $24.17 $26.89 $16.31 $8.55 $12.57 $14.83 $16.92
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 $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 $3,050 $4,489 $6,755 $8,966 $5,592 $6,953 $8,975 $10,932 $5,592 $6,953 $8,975 $10,932
Child Care $0 $6,985 $9,426 $11,868 $0 $0 $0 $0 $0 $6,985 $9,426 $11,868
Medical $2,266 $6,291 $6,011 $6,068 $4,698 $6,011 $6,068 $5,738 $4,698 $6,011 $6,068 $5,738
Housing $6,312 $9,660 $9,660 $13,272 $7,956 $9,660 $9,660 $13,272 $6,312 $9,660 $9,660 $13,272
Transportation $4,173 $8,624 $9,053 $10,868 $8,624 $9,053 $10,868 $10,827 $8,624 $9,053 $10,868 $10,827
Other $2,877 $4,652 $5,131 $6,563 $4,652 $5,131 $6,563 $6,088 $4,652 $5,131 $6,563 $6,088
Required annual income after taxes $18,679 $40,701 $46,036 $57,605 $31,521 $36,808 $42,135 $46,856 $29,877 $43,793 $51,561 $58,724
Annual taxes $3,330 $7,835 $8,946 $11,435 $5,903 $7,019 $8,128 $9,071 $5,673 $8,478 $10,151 $11,678
Required annual income before taxes $22,008 $48,536 $54,982 $69,040 $37,424 $43,827 $50,263 $55,927 $50,901 $35,550 $52,271 $61,712 $70,402

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $87,566
Business & Financial Operations $61,203
Computer & Mathematical $69,813
Architecture & Engineering $71,289
Life, Physical, & Social Science $57,513
Community & Social Service $43,409
Legal $59,061
Education, Training, & Library $60,813
Arts, Design, Entertainment, Sports, & Media $43,573
Healthcare Practitioners & Technical $58,763
Healthcare Support $30,791
Protective Service $53,413
Food Preparation & Serving Related $19,762
Building & Grounds Cleaning & Maintenance $27,111
Personal Care & Service $24,416
Sales & Related $24,467
Office & Administrative Support $35,496
Farming, Fishing, & Forestry $30,053
Construction & Extraction $37,966
Installation, Maintenance, & Repair $44,475
Production $37,402
Transportation & Material Moving $27,378