Living Wage Calculation for Waterloo-Cedar Falls, IA

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 $10.64 $23.23 $26.92 $32.75 $17.74 $21.52 $24.17 $26.59 $24.94 $8.51 $12.80 $14.86 $16.79
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 $3,058 $4,508 $6,786 $9,001 $5,607 $6,979 $9,012 $10,972 $5,607 $6,979 $9,012 $10,972
Child Care $0 $7,028 $9,485 $11,942 $0 $0 $0 $0 $0 $7,028 $9,485 $11,942
Medical $2,237 $6,427 $6,084 $6,166 $4,828 $6,084 $6,166 $5,885 $4,828 $6,084 $6,166 $5,885
Housing $5,801 $9,018 $9,018 $11,715 $7,100 $9,018 $9,018 $11,715 $5,801 $9,018 $9,018 $11,715
Transportation $4,866 $8,867 $10,426 $12,063 $8,867 $10,426 $12,063 $11,925 $8,867 $10,426 $12,063 $11,925
Other $2,785 $4,633 $5,030 $5,855 $4,633 $5,030 $5,855 $5,729 $4,633 $5,030 $5,855 $5,729
Required annual income after taxes $18,748 $40,481 $46,829 $56,741 $31,034 $37,537 $42,113 $46,227 $29,736 $44,565 $51,598 $58,169
Annual taxes $3,387 $7,833 $9,168 $11,370 $5,865 $7,222 $8,171 $9,071 $5,684 $8,680 $10,211 $11,682
Required annual income before taxes $22,136 $48,313 $55,998 $68,112 $36,900 $44,758 $50,284 $55,297 $51,867 $35,420 $53,245 $61,808 $69,851

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $80,600
Business & Financial Operations $55,376
Computer & Mathematical $65,395
Architecture & Engineering $65,622
Life, Physical, & Social Science $52,547
Community & Social Service $36,797
Legal $50,757
Education, Training, & Library $46,241
Arts, Design, Entertainment, Sports, & Media $34,935
Healthcare Practitioners & Technical $56,538
Healthcare Support $29,956
Protective Service $35,460
Food Preparation & Serving Related $20,081
Building & Grounds Cleaning & Maintenance $25,522
Personal Care & Service $22,508
Sales & Related $24,010
Office & Administrative Support $33,516
Farming, Fishing, & Forestry $37,888
Construction & Extraction $41,704
Installation, Maintenance, & Repair $45,480
Production $35,964
Transportation & Material Moving $36,807