Living Wage Calculation for Caldwell County, Kentucky

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 $10.31 $21.90 $27.32 $34.59 $17.24 $20.56 $23.13 $25.29 $8.62 $12.09 $15.00 $17.70
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

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 $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 $6,280 $11,915 $17,549 $0 $0 $0 $0 $0 $6,280 $11,915 $17,549
Medical $2,269 $6,871 $6,527 $6,609 $4,986 $6,527 $6,609 $6,329 $4,986 $6,527 $6,609 $6,329
Housing $5,316 $7,440 $7,440 $9,768 $6,480 $7,440 $7,440 $9,768 $6,480 $7,440 $7,440 $9,768
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 $18,026 $38,124 $47,530 $60,133 $30,075 $35,803 $40,266 $43,975 $30,075 $42,083 $52,181 $61,524
Annual taxes $3,430 $7,428 $9,286 $11,824 $5,786 $6,970 $7,852 $8,633 $5,786 $8,210 $10,205 $12,099
Required annual income before taxes $21,455 $45,552 $56,816 $71,957 $35,861 $42,773 $48,117 $52,608 $35,861 $50,293 $62,385 $73,623

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $82,781
Business & Financial Operations $58,297
Computer & Mathematical $67,144
Architecture & Engineering $70,848
Life, Physical, & Social Science $55,633
Community & Social Service $39,935
Legal $62,525
Education, Training, & Library $51,045
Arts, Design, Entertainment, Sports, & Media $38,700
Healthcare Practitioners & Technical $58,061
Healthcare Support $28,249
Protective Service $32,960
Food Preparation & Serving Related $19,669
Building & Grounds Cleaning & Maintenance $24,370
Personal Care & Service $22,755
Sales & Related $24,185
Office & Administrative Support $31,798
Farming, Fishing, & Forestry $27,539
Construction & Extraction $43,515
Installation, Maintenance, & Repair $43,751
Production $35,666
Transportation & Material Moving $31,273