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 $10.59 $22.58 $27.69 $33.90 $16.67 $21.31 $23.66 $25.90 $12.79 $8.32 $12.79 $15.07 $17.30
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 $8.05 $8.05 $8.05 $8.05 $8.05 $8.05 $8.05 $8.05 $8.05 $8.05 $8.05 $8.05

*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 $2,983 $4,516 $6,722 $8,882 $5,469 $6,921 $8,888 $10,799 $5,469 $6,921 $8,888 $10,799
Child Care $0 $7,818 $11,857 $15,896 $0 $0 $0 $0 $0 $7,818 $11,857 $15,896
Medical $2,235 $7,282 $6,995 $7,156 $5,299 $6,995 $7,156 $7,014 $5,299 $6,995 $7,156 $7,014
Housing $7,296 $9,312 $9,312 $12,132 $7,344 $9,312 $9,312 $12,132 $7,296 $9,312 $9,312 $12,132
Transportation $4,401 $8,358 $10,918 $11,911 $8,358 $10,918 $11,911 $11,951 $8,358 $10,918 $11,911 $11,951
Other $2,458 $4,008 $4,826 $6,010 $4,008 $4,826 $6,010 $5,474 $4,008 $4,826 $6,010 $5,474
Required annual income after taxes $19,372 $41,294 $50,630 $61,986 $30,478 $38,972 $43,276 $47,370 $30,430 $46,790 $55,133 $63,266
Annual taxes $2,662 $5,674 $6,957 $8,517 $4,188 $5,355 $5,946 $6,509 $4,181 $6,429 $7,576 $8,693
Required annual income before taxes $22,034 $46,968 $57,587 $70,503 $34,666 $44,327 $49,223 $53,879 $53,219 $34,612 $53,219 $62,709 $71,959

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $82,540
Business & Financial Operations $49,800
Computer & Mathematical $54,580
Architecture & Engineering $75,630
Life, Physical, & Social Science $0
Community & Social Service $40,240
Legal $54,740
Education, Training, & Library $37,370
Arts, Design, Entertainment, Sports, & Media $38,140
Healthcare Practitioners & Technical $55,450
Healthcare Support $25,990
Protective Service $35,030
Food Preparation & Serving Related $19,020
Building & Grounds Cleaning & Maintenance $20,670
Personal Care & Service $19,230
Sales & Related $19,580
Office & Administrative Support $27,190
Farming, Fishing, & Forestry $0
Construction & Extraction $30,350
Installation, Maintenance, & Repair $30,850
Production $0
Transportation & Material Moving $23,530