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 $10.51 $22.34 $25.95 $31.99 $17.58 $21.49 $23.94 $26.66 $23.99 $8.51 $12.26 $14.25 $16.38
Poverty Wage $5.84 $7.91 $9.99 $12.07 $7.91 $9.99 $12.07 $14.14 $3.96 $5.00 $6.03 $7.07
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 $2,994 $4,413 $6,644 $8,812 $5,489 $6,832 $8,822 $10,741 $5,489 $6,832 $8,822 $10,741
Child Care $0 $5,512 $8,317 $11,122 $0 $0 $0 $0 $0 $5,512 $8,317 $11,122
Medical $2,174 $7,820 $7,477 $7,559 $5,906 $7,477 $7,559 $7,278 $5,906 $7,477 $7,559 $7,278
Housing $6,563 $9,922 $9,922 $13,504 $7,577 $9,922 $9,922 $13,504 $6,563 $9,922 $9,922 $13,504
Transportation $4,623 $8,424 $9,905 $11,459 $8,424 $9,905 $11,459 $11,329 $8,424 $9,905 $11,459 $11,329
Other $2,824 $4,697 $5,099 $5,935 $4,697 $5,099 $5,935 $5,808 $4,697 $5,099 $5,935 $5,808
Required annual income after taxes $19,177 $40,788 $47,364 $58,391 $32,092 $39,235 $43,697 $48,660 $31,078 $44,747 $52,014 $59,782
Annual taxes $2,675 $5,690 $6,607 $8,146 $4,477 $5,473 $6,096 $6,788 $4,335 $6,242 $7,256 $8,340
Required annual income before taxes $21,853 $46,477 $53,971 $66,536 $36,569 $44,708 $49,793 $55,448 $49,908 $35,414 $50,989 $59,271 $68,122

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $93,212
Business & Financial Operations $61,733
Computer & Mathematical $66,568
Architecture & Engineering $74,314
Life, Physical, & Social Science $63,513
Community & Social Service $44,266
Legal $71,516
Education, Training, & Library $49,018
Arts, Design, Entertainment, Sports, & Media $40,470
Healthcare Practitioners & Technical $59,336
Healthcare Support $27,354
Protective Service $41,776
Food Preparation & Serving Related $20,070
Building & Grounds Cleaning & Maintenance $22,477
Personal Care & Service $19,443
Sales & Related $25,245
Office & Administrative Support $31,386
Farming, Fishing, & Forestry $23,486
Construction & Extraction $35,758
Installation, Maintenance, & Repair $39,153
Production $31,108
Transportation & Material Moving $29,977