Living Wage Calculation for Henry County, Indiana

The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. The assumption is the sole provider is working full-time (2080 hours per year). The tool provides information for individuals, and households with one or two working adults and zero to three children. In the case of households with two working adults, all values are per working adult, single or in a family unless otherwise noted.

The state minimum wage is the same for all individuals, regardless of how many dependents they may have. Data are updated annually, in the first quarter of the new year. State minimum wages are determined based on the posted value of the minimum wage as of January one of the coming year (National Conference of State Legislatures, 2019). The poverty rate reflects a person's 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.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children
Living Wage $11.03 $22.10 $26.91 $33.72 $17.20 $20.75 $23.34 $25.65 $8.60 $12.20 $14.80 $17.26
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 $7.75 $7.75 $7.75 $7.75 $7.75 $7.75 $7.75 $7.75 $7.75 $7.75 $7.75 $7.75

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.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 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 $6,463 $11,097 $15,731 $0 $0 $0 $0 $0 $6,463 $11,097 $15,731
Medical $2,268 $6,293 $5,949 $6,031 $4,730 $5,949 $6,031 $5,751 $4,730 $5,949 $6,031 $5,751
Housing $6,564 $8,364 $8,364 $11,040 $6,612 $8,364 $8,364 $11,040 $6,612 $8,364 $8,364 $11,040
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 $19,542 $39,127 $47,653 $59,721 $30,449 $36,748 $41,324 $45,417 $30,449 $43,211 $52,421 $61,148
Annual taxes $3,393 $6,832 $8,311 $10,417 $5,320 $6,419 $7,213 $7,935 $5,320 $7,541 $9,138 $10,664
Required annual income before taxes $22,935 $45,959 $55,964 $70,138 $35,769 $43,167 $48,537 $53,352 $35,769 $50,752 $61,560 $71,813

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $83,552
Business & Financial Operations $59,573
Computer & Mathematical $71,064
Architecture & Engineering $70,467
Life, Physical, & Social Science $53,462
Community & Social Service $39,503
Legal $66,681
Education, Training, & Library $42,373
Arts, Design, Entertainment, Sports, & Media $37,692
Healthcare Practitioners & Technical $59,213
Healthcare Support $28,300
Protective Service $36,869
Food Preparation & Serving Related $19,916
Building & Grounds Cleaning & Maintenance $25,111
Personal Care & Service $21,912
Sales & Related $25,317
Office & Administrative Support $33,269
Farming, Fishing, & Forestry $27,127
Construction & Extraction $46,786
Installation, Maintenance, & Repair $43,227
Production $35,295
Transportation & Material Moving $32,127