Living Wage Calculation for Homosassa Springs, FL

The living wage shown is the hourly rate that an individual in a household must earn to support themselves and/or their family, working full-time, or 2080 hours per year. The tables below provide living wage estimates for individuals and households with one or two working adults and zero to three children. In households with two working adults, all hourly values reflect what one working adult requires to earn to meet their families’ basic needs, assuming the other adult also earns the same.

The poverty wage and state minimum wage are for reference purposes. Poverty wage estimates come from the Department of Health and Human Services’ Poverty Guidelines for 2024 and have been converted from an annual value to an hourly wage for ease of comparison. The state minimum wage data is sourced from the Labor Law Center and includes the minimum wage in a given state as of January of that year.

For further detail, please reference the Methodology page. The data on this page was last updated on February 14, 2024.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children
Living Wage $18.53 $31.18 $37.99 $50.06 $25.66 $31.23 $35.38 $38.39 $12.83 $17.69 $21.58 $25.02
Poverty Wage $7.24 $9.83 $12.41 $15.00 $9.83 $12.41 $15.00 $17.59 $4.91 $6.21 $7.50 $8.79
Minimum Wage $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00

Typical Expenses

The table below shows the costs of each basic need that go into estimating the living wage. Like with the living wage, their values vary by location and family size.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children
Food $4,360 $6,427 $9,640 $12,813 $7,993 $9,950 $12,814 $15,624 $7,993 $9,950 $12,814 $15,624
Child Care $0 $7,724 $14,529 $21,269 $0 $0 $0 $0 $0 $7,724 $14,529 $21,269
Medical $2,596 $8,391 $8,277 $8,749 $6,160 $8,277 $8,749 $8,336 $6,160 $8,277 $8,749 $8,336
Housing $10,229 $13,461 $13,461 $18,744 $10,289 $13,461 $13,461 $18,744 $10,289 $13,461 $13,461 $18,744
Transportation $8,936 $10,341 $13,026 $14,988 $10,341 $13,026 $14,988 $14,971 $10,341 $13,026 $14,988 $14,971
Civic $2,165 $3,810 $4,795 $5,553 $3,810 $4,795 $5,553 $5,191 $3,810 $4,795 $5,553 $5,191
Internet & Mobile $1,580 $1,580 $1,580 $1,580 $2,159 $2,159 $2,159 $2,159 $2,159 $2,159 $2,159 $2,159
Other $3,903 $6,966 $7,407 $10,238 $6,966 $7,407 $10,238 $9,841 $6,966 $7,407 $10,238 $9,841
Required annual income after taxes $33,767 $58,701 $72,716 $93,934 $47,718 $59,075 $67,962 $74,866 $47,718 $66,800 $82,492 $96,135
Annual taxes $4,768 $6,146 $6,300 $10,192 $5,652 $5,873 $5,620 $4,976 $5,652 $6,791 $7,275 $7,956
Required annual income before taxes $38,535 $64,846 $79,016 $104,126 $53,370 $64,948 $73,582 $79,843 $53,370 $73,591 $89,767 $104,091

Typical Annual Salaries

The average annual salaries for various occupations in the table below comes from the latest state-level data from the Bureau of Labor Statistics’ Occupational Employment and Wage Estimates. When available, this data is specific to a given metro area.

Occupational Area Typical Annual Salary
Management $96,220
Business & Financial Operations $63,180
Computer & Mathematical $79,630
Architecture & Engineering $70,910
Life, Physical, & Social Science $61,470
Community & Social Service $44,190
Legal $0
Education, Training, & Library $45,020
Arts, Design, Entertainment, Sports, & Media $50,420
Healthcare Practitioners & Technical $84,210
Healthcare Support $32,210
Protective Service $43,140
Food Preparation & Serving Related $28,620
Building & Grounds Cleaning & Maintenance $30,880
Personal Care & Service $30,840
Sales & Related $38,080
Office & Administrative Support $37,670
Farming, Fishing, & Forestry $35,070
Construction & Extraction $42,380
Installation, Maintenance, & Repair $43,070
Production $41,440
Transportation & Material Moving $33,060