Living Wage Calculation for Homosassa Springs, FL

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 $11.04 $23.23 $27.19 $33.65 $17.59 $21.66 $24.11 $26.88 $24.76 $8.78 $12.70 $14.87 $17.20
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 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25

*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 $2,994 $4,413 $6,644 $8,812 $5,489 $6,832 $8,822 $10,741 $5,489 $6,832 $8,822 $10,741
Child Care $0 $6,820 $10,280 $13,739 $0 $0 $0 $0 $0 $6,820 $10,280 $13,739
Medical $2,555 $8,476 $8,132 $8,214 $6,297 $8,132 $8,214 $7,933 $6,297 $8,132 $8,214 $7,933
Housing $7,152 $9,576 $9,576 $13,260 $7,200 $9,576 $9,576 $13,260 $7,152 $9,576 $9,576 $13,260
Transportation $4,623 $8,424 $9,905 $11,459 $8,424 $9,905 $11,459 $11,329 $8,424 $9,905 $11,459 $11,329
Other $2,824 $4,697 $5,099 $5,935 $4,697 $5,099 $5,935 $5,808 $4,697 $5,099 $5,935 $5,808
Required annual income after taxes $20,148 $42,404 $49,636 $61,419 $32,106 $39,544 $44,006 $49,071 $32,058 $46,364 $54,286 $62,810
Annual taxes $2,811 $5,915 $6,924 $8,568 $4,479 $5,516 $6,139 $6,845 $4,472 $6,468 $7,573 $8,762
Required annual income before taxes $22,958 $48,320 $56,560 $69,987 $36,584 $45,060 $50,145 $55,917 $51,495 $36,530 $52,832 $61,859 $71,573

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $79,036
Business & Financial Operations $52,701
Computer & Mathematical $53,503
Architecture & Engineering $68,687
Life, Physical, & Social Science $47,064
Community & Social Service $46,930
Legal $0
Education, Training, & Library $41,272
Arts, Design, Entertainment, Sports, & Media $33,701
Healthcare Practitioners & Technical $58,102
Healthcare Support $29,113
Protective Service $42,774
Food Preparation & Serving Related $20,636
Building & Grounds Cleaning & Maintenance $23,054
Personal Care & Service $21,706
Sales & Related $22,015
Office & Administrative Support $29,792
Farming, Fishing, & Forestry $0
Construction & Extraction $32,785
Installation, Maintenance, & Repair $37,034
Production $35,429
Transportation & Material Moving $25,985