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 $10.61 $22.87 $26.30 $32.90 $17.34 $20.80 $23.65 $26.03 $15.92 $8.65 $12.26 $14.63 $16.75
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 $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 $2,986 $4,394 $6,613 $8,777 $5,474 $6,807 $8,786 $10,702 $5,474 $6,807 $8,786 $10,702
Child Care $0 $6,778 $10,216 $13,654 $0 $0 $0 $0 $0 $6,778 $10,216 $13,654
Medical $2,583 $8,332 $8,051 $8,109 $6,161 $8,051 $8,109 $7,779 $6,161 $8,051 $8,109 $7,779
Housing $6,912 $9,192 $9,192 $12,420 $6,960 $9,192 $9,192 $12,420 $6,912 $9,192 $9,192 $12,420
Transportation $4,236 $8,754 $9,189 $11,032 $8,754 $9,189 $11,032 $10,989 $8,754 $9,189 $11,032 $10,989
Other $2,656 $4,294 $4,736 $6,059 $4,294 $4,736 $6,059 $5,620 $4,294 $4,736 $6,059 $5,620
Required annual income after taxes $19,373 $41,744 $47,998 $60,050 $31,643 $37,976 $43,178 $47,510 $31,595 $44,754 $53,394 $61,164
Annual taxes $2,703 $5,823 $6,696 $8,377 $4,414 $5,298 $6,023 $6,628 $4,408 $6,243 $7,448 $8,532
Required annual income before taxes $22,075 $47,568 $54,694 $68,427 $36,057 $43,274 $49,201 $54,137 $49,668 $36,003 $50,997 $60,842 $69,696

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $84,798
Business & Financial Operations $55,186
Computer & Mathematical $54,274
Architecture & Engineering $85,813
Life, Physical, & Social Science $0
Community & Social Service $41,605
Legal $51,537
Education, Training, & Library $39,760
Arts, Design, Entertainment, Sports, & Media $39,770
Healthcare Practitioners & Technical $56,754
Healthcare Support $28,198
Protective Service $0
Food Preparation & Serving Related $19,793
Building & Grounds Cleaning & Maintenance $21,300
Personal Care & Service $20,244
Sales & Related $20,787
Office & Administrative Support $28,905
Farming, Fishing, & Forestry $0
Construction & Extraction $32,072
Installation, Maintenance, & Repair $39,032
Production $39,186
Transportation & Material Moving $25,851