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 $9.98 $21.96 $27.48 $34.31 $16.53 $21.46 $23.99 $26.42 $12.57 $7.99 $12.57 $15.07 $17.53
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 $3,047 $4,613 $6,867 $9,073 $5,587 $7,069 $9,079 $11,031 $5,587 $7,069 $9,079 $11,031
Child Care $0 $6,352 $10,570 $14,789 $0 $0 $0 $0 $0 $6,352 $10,570 $14,789
Medical $2,137 $6,599 $6,313 $6,473 $4,511 $6,313 $6,473 $6,331 $4,511 $6,313 $6,473 $6,331
Housing $5,687 $8,609 $8,609 $11,515 $6,696 $8,609 $8,609 $11,515 $5,687 $8,609 $8,609 $11,515
Transportation $4,235 $8,042 $10,504 $11,460 $8,042 $10,504 $11,460 $11,498 $8,042 $10,504 $11,460 $11,498
Other $2,560 $4,175 $5,027 $6,260 $4,175 $5,027 $6,260 $5,702 $4,175 $5,027 $6,260 $5,702
Required annual income after taxes $17,666 $38,390 $47,890 $59,570 $29,010 $37,523 $41,881 $46,078 $28,001 $43,875 $52,451 $60,867
Annual taxes $3,101 $7,292 $9,258 $11,795 $5,372 $7,114 $8,009 $8,877 $5,233 $8,419 $10,246 $12,076
Required annual income before taxes $20,767 $45,682 $57,148 $71,364 $34,382 $44,637 $49,891 $54,955 $52,294 $33,235 $52,294 $62,698 $72,942

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $75,000
Business & Financial Operations $52,070
Computer & Mathematical $61,760
Architecture & Engineering $67,800
Life, Physical, & Social Science $49,660
Community & Social Service $35,720
Legal $57,450
Education, Training, & Library $42,030
Arts, Design, Entertainment, Sports, & Media $33,650
Healthcare Practitioners & Technical $51,760
Healthcare Support $26,440
Protective Service $34,220
Food Preparation & Serving Related $18,520
Building & Grounds Cleaning & Maintenance $23,370
Personal Care & Service $20,570
Sales & Related $23,510
Office & Administrative Support $31,570
Farming, Fishing, & Forestry $40,160
Construction & Extraction $38,070
Installation, Maintenance, & Repair $40,960
Production $33,910
Transportation & Material Moving $31,520