Living Wage Calculation for Waco, 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 $9.77 $21.13 $25.51 $31.20 $16.41 $21.24 $23.59 $26.05 $12.07 $7.91 $12.07 $13.98 $15.95
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 $5,862 $9,250 $9,250 $12,474 $6,934 $9,250 $9,250 $12,474 $5,862 $9,250 $9,250 $12,474
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 $17,862 $38,649 $46,644 $57,063 $30,008 $38,844 $43,148 $47,646 $28,936 $44,145 $51,147 $58,343
Annual taxes $2,454 $5,311 $6,409 $7,841 $4,123 $5,337 $5,929 $6,547 $3,976 $6,066 $7,028 $8,017
Required annual income before taxes $20,317 $43,959 $53,054 $64,904 $34,131 $44,181 $49,077 $54,193 $50,211 $32,912 $50,211 $58,175 $66,360

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $79,160
Business & Financial Operations $58,860
Computer & Mathematical $63,790
Architecture & Engineering $66,200
Life, Physical, & Social Science $47,510
Community & Social Service $40,720
Legal $63,720
Education, Training, & Library $45,510
Arts, Design, Entertainment, Sports, & Media $38,110
Healthcare Practitioners & Technical $59,690
Healthcare Support $26,680
Protective Service $39,180
Food Preparation & Serving Related $18,340
Building & Grounds Cleaning & Maintenance $20,720
Personal Care & Service $18,180
Sales & Related $25,000
Office & Administrative Support $29,860
Farming, Fishing, & Forestry $23,320
Construction & Extraction $32,120
Installation, Maintenance, & Repair $38,640
Production $29,630
Transportation & Material Moving $26,270