Living Wage Calculation for Sherman-Denison, TX

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 $9.96 $21.99 $25.06 $31.44 $17.42 $20.64 $23.49 $26.00 $15.41 $8.32 $11.82 $14.01 $16.03
Poverty Wage $5.80 $7.81 $9.82 $11.83 $7.81 $9.82 $11.83 $13.84 $3.90 $4.91 $5.91 $6.92
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 $5,478 $8,266 $11,054 $0 $0 $0 $0 $0 $5,478 $8,266 $11,054
Medical $2,203 $7,679 $7,398 $7,456 $5,772 $7,398 $7,456 $7,126 $5,772 $7,398 $7,456 $7,126
Housing $6,096 $9,540 $9,540 $13,020 $7,500 $9,540 $9,540 $13,020 $6,096 $9,540 $9,540 $13,020
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 $18,177 $40,139 $45,743 $57,397 $31,794 $37,671 $42,873 $47,457 $30,390 $43,149 $51,139 $58,511
Annual taxes $2,536 $5,599 $6,381 $8,007 $4,435 $5,255 $5,981 $6,620 $4,239 $6,019 $7,134 $8,162
Required annual income before taxes $20,712 $45,739 $52,124 $65,404 $36,229 $42,926 $48,853 $54,077 $48,094 $34,629 $49,168 $58,272 $66,673

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $83,322
Business & Financial Operations $60,219
Computer & Mathematical $62,669
Architecture & Engineering $70,284
Life, Physical, & Social Science $60,690
Community & Social Service $46,545
Legal $51,107
Education, Training, & Library $50,092
Arts, Design, Entertainment, Sports, & Media $38,181
Healthcare Practitioners & Technical $57,861
Healthcare Support $27,245
Protective Service $45,582
Food Preparation & Serving Related $19,424
Building & Grounds Cleaning & Maintenance $23,555
Personal Care & Service $18,881
Sales & Related $26,332
Office & Administrative Support $31,078
Farming, Fishing, & Forestry $0
Construction & Extraction $36,767
Installation, Maintenance, & Repair $39,729
Production $31,826
Transportation & Material Moving $28,218