Living Wage Calculation for Richmond, VA

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 $12.79 $26.29 $29.99 $37.46 $19.75 $23.20 $26.20 $29.12 $18.16 $9.74 $14.01 $16.55 $19.05
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 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25

*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 $8,375 $11,982 $15,588 $0 $0 $0 $0 $0 $8,375 $11,982 $15,588
Medical $2,500 $7,881 $7,600 $7,658 $5,453 $7,600 $7,658 $7,328 $5,453 $7,600 $7,658 $7,328
Housing $9,960 $12,060 $12,060 $15,984 $10,452 $12,060 $12,060 $15,984 $9,960 $12,060 $12,060 $15,984
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 $22,338 $45,758 $52,181 $65,097 $34,427 $40,393 $45,595 $50,623 $33,935 $48,768 $57,577 $66,211
Annual taxes $4,256 $8,934 $10,204 $12,814 $6,655 $7,868 $8,896 $9,944 $6,586 $9,527 $11,270 $13,033
Required annual income before taxes $26,594 $54,692 $62,385 $77,911 $41,082 $48,261 $54,491 $60,567 $56,653 $40,521 $58,295 $68,847 $79,243

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $109,983
Business & Financial Operations $69,587
Computer & Mathematical $88,345
Architecture & Engineering $77,326
Life, Physical, & Social Science $59,132
Community & Social Service $45,172
Legal $82,759
Education, Training, & Library $50,471
Arts, Design, Entertainment, Sports, & Media $45,705
Healthcare Practitioners & Technical $62,658
Healthcare Support $27,532
Protective Service $39,545
Food Preparation & Serving Related $20,100
Building & Grounds Cleaning & Maintenance $24,272
Personal Care & Service $20,961
Sales & Related $27,255
Office & Administrative Support $35,188
Farming, Fishing, & Forestry $27,204
Construction & Extraction $40,529
Installation, Maintenance, & Repair $47,007
Production $35,803
Transportation & Material Moving $32,206