Living Wage Calculation for Franklin County, Iowa

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 $10.61 $23.01 $27.04 $32.84 $17.50 $21.55 $24.11 $27.16 $8.75 $12.85 $14.87 $17.14
Poverty Wage $6.00 $8.13 $10.25 $12.38 $8.13 $10.25 $12.38 $14.50 $4.06 $5.13 $6.19 $7.25
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

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 $3,075 $4,541 $6,826 $9,053 $5,637 $7,025 $9,063 $11,035 $5,637 $7,025 $9,063 $11,035
Child Care $0 $7,144 $9,641 $12,139 $0 $0 $0 $0 $0 $7,144 $9,641 $12,139
Medical $2,607 $7,127 $6,839 $6,959 $5,648 $6,839 $6,959 $6,861 $5,648 $6,839 $6,959 $6,861
Housing $5,772 $7,968 $7,968 $10,728 $6,024 $7,968 $7,968 $10,728 $6,024 $7,968 $7,968 $10,728
Transportation $4,289 $8,362 $10,608 $11,557 $8,362 $10,608 $11,557 $12,115 $8,362 $10,608 $11,557 $12,115
Other $2,929 $4,883 $5,070 $6,378 $4,883 $5,070 $6,378 $6,381 $4,883 $5,070 $6,378 $6,381
Required annual income after taxes $18,673 $40,026 $46,952 $56,814 $30,554 $37,511 $41,925 $47,119 $30,554 $44,655 $51,566 $59,258
Annual taxes $3,389 $7,828 $9,299 $11,494 $5,854 $7,306 $8,222 $9,373 $5,854 $8,797 $10,308 $12,028
Required annual income before taxes $22,061 $47,854 $56,252 $68,308 $36,408 $44,817 $50,147 $56,492 $36,408 $53,451 $61,874 $71,286

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $88,627
Business & Financial Operations $61,528
Computer & Mathematical $77,283
Architecture & Engineering $70,636
Life, Physical, & Social Science $57,248
Community & Social Service $41,706
Legal $58,316
Education, Training, & Library $45,356
Arts, Design, Entertainment, Sports, & Media $36,482
Healthcare Practitioners & Technical $58,468
Healthcare Support $30,769
Protective Service $41,666
Food Preparation & Serving Related $21,082
Building & Grounds Cleaning & Maintenance $26,490
Personal Care & Service $24,111
Sales & Related $25,778
Office & Administrative Support $35,902
Farming, Fishing, & Forestry $33,625
Construction & Extraction $44,929
Installation, Maintenance, & Repair $45,965
Production $36,583
Transportation & Material Moving $36,390