Living Wage Calculation for Punta Gorda, 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 $10.58 $23.05 $28.16 $34.93 $16.81 $21.78 $24.14 $26.94 $13.03 $8.31 $13.03 $15.31 $17.82
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 $7,272 $10,176 $10,176 $14,028 $7,608 $10,176 $10,176 $14,028 $7,272 $10,176 $10,176 $14,028
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 $19,348 $42,158 $51,494 $63,882 $30,742 $39,836 $44,140 $49,266 $30,406 $47,654 $55,997 $65,162
Annual taxes $2,659 $5,793 $7,076 $8,778 $4,224 $5,474 $6,065 $6,769 $4,178 $6,548 $7,694 $8,954
Required annual income before taxes $22,007 $47,950 $58,570 $72,660 $34,966 $45,310 $50,205 $56,035 $54,202 $34,584 $54,202 $63,692 $74,115

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $87,950
Business & Financial Operations $54,480
Computer & Mathematical $62,130
Architecture & Engineering $66,430
Life, Physical, & Social Science $50,880
Community & Social Service $43,580
Legal $61,510
Education, Training, & Library $51,100
Arts, Design, Entertainment, Sports, & Media $35,810
Healthcare Practitioners & Technical $56,160
Healthcare Support $25,410
Protective Service $41,090
Food Preparation & Serving Related $19,240
Building & Grounds Cleaning & Maintenance $23,260
Personal Care & Service $21,830
Sales & Related $23,240
Office & Administrative Support $27,810
Farming, Fishing, & Forestry $22,150
Construction & Extraction $31,410
Installation, Maintenance, & Repair $33,690
Production $24,800
Transportation & Material Moving $23,480