Living Wage Calculation for Lafayette-West Lafayette, IN

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 $19.61 $34.79 $43.14 $53.94 $28.00 $33.08 $37.55 $38.83 $14.00 $19.61 $24.25 $26.71
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 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25

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 $3,880 $5,719 $8,578 $11,402 $7,113 $8,854 $11,403 $13,903 $7,113 $8,854 $11,403 $13,903
Child Care $0 $10,878 $19,507 $25,663 $0 $0 $0 $0 $0 $10,878 $19,507 $25,663
Medical $3,448 $9,015 $8,875 $9,454 $7,031 $8,875 $9,454 $8,947 $7,031 $8,875 $9,454 $8,947
Housing $9,182 $12,576 $12,576 $15,356 $10,602 $12,576 $12,576 $15,356 $10,602 $12,576 $12,576 $15,356
Transportation $9,855 $11,405 $14,366 $16,530 $11,405 $14,366 $16,530 $16,511 $11,405 $14,366 $16,530 $16,511
Civic $2,889 $5,083 $6,398 $7,409 $5,083 $6,398 $7,409 $6,926 $5,083 $6,398 $7,409 $6,926
Internet & Mobile $1,480 $1,480 $1,480 $1,480 $2,050 $2,050 $2,050 $2,050 $2,050 $2,050 $2,050 $2,050
Other $4,086 $7,294 $7,756 $10,720 $7,294 $7,756 $10,720 $10,305 $7,294 $7,756 $10,720 $10,305
Required annual income after taxes $34,820 $63,450 $79,536 $98,014 $50,578 $60,874 $70,142 $73,998 $50,578 $71,752 $89,649 $99,661
Annual taxes $5,960 $8,903 $10,186 $14,171 $7,666 $7,936 $7,970 $6,767 $7,666 $9,825 $11,234 $11,438
Required annual income before taxes $40,780 $72,354 $89,722 $112,185 $58,243 $68,810 $78,112 $80,764 $58,243 $81,577 $100,883 $111,099

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 $109,710
Business & Financial Operations $72,740
Computer & Mathematical $76,520
Architecture & Engineering $87,930
Life, Physical, & Social Science $69,950
Community & Social Service $47,670
Legal $97,620
Education, Training, & Library $76,660
Arts, Design, Entertainment, Sports, & Media $61,000
Healthcare Practitioners & Technical $92,990
Healthcare Support $34,610
Protective Service $46,020
Food Preparation & Serving Related $27,430
Building & Grounds Cleaning & Maintenance $32,100
Personal Care & Service $31,280
Sales & Related $40,440
Office & Administrative Support $42,000
Farming, Fishing, & Forestry $42,700
Construction & Extraction $56,420
Installation, Maintenance, & Repair $53,380
Production $49,220
Transportation & Material Moving $38,780