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 $9.86 $21.25 $25.62 $31.42 $16.72 $21.35 $23.71 $26.27 $12.13 $7.96 $12.13 $14.04 $16.06
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 $2,983 $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 $5,301 $7,999 $10,697 $0 $0 $0 $0 $0 $5,301 $7,999 $10,697
Medical $2,158 $7,216 $6,929 $7,090 $5,239 $6,929 $7,090 $6,947 $5,239 $6,929 $7,090 $6,947
Housing $6,036 $9,456 $9,456 $12,864 $7,500 $9,456 $9,456 $12,864 $6,036 $9,456 $9,456 $12,864
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 $18,036 $38,854 $46,850 $57,453 $30,574 $39,050 $43,354 $48,036 $29,110 $44,351 $51,353 $58,733
Annual taxes $2,478 $5,339 $6,437 $7,894 $4,201 $5,366 $5,957 $6,600 $4,000 $6,094 $7,056 $8,070
Required annual income before taxes $20,514 $44,193 $53,288 $65,347 $34,775 $44,415 $49,311 $54,636 $50,445 $33,110 $50,445 $58,409 $66,803

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $81,170
Business & Financial Operations $57,530
Computer & Mathematical $60,040
Architecture & Engineering $67,980
Life, Physical, & Social Science $59,310
Community & Social Service $45,820
Legal $46,450
Education, Training, & Library $45,550
Arts, Design, Entertainment, Sports, & Media $34,250
Healthcare Practitioners & Technical $54,740
Healthcare Support $25,340
Protective Service $43,300
Food Preparation & Serving Related $18,700
Building & Grounds Cleaning & Maintenance $21,980
Personal Care & Service $17,910
Sales & Related $23,530
Office & Administrative Support $29,860
Farming, Fishing, & Forestry $0
Construction & Extraction $34,500
Installation, Maintenance, & Repair $37,890
Production $30,130
Transportation & Material Moving $25,550