Living Wage Calculation for Albany County, New York

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 $12.10 $27.01 $36.57 $48.50 $19.45 $23.26 $25.88 $28.75 $9.73 $14.70 $19.66 $24.75
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 $10.40 $10.40 $10.40 $10.40 $10.40 $10.40 $10.40 $10.40 $10.40 $10.40 $10.40 $10.40

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 $3,477 $5,124 $7,715 $10,233 $6,374 $7,933 $10,245 $12,474 $6,374 $7,933 $10,245 $12,474
Child Care $0 $10,602 $23,215 $35,828 $0 $0 $0 $0 $0 $10,602 $23,215 $35,828
Medical $2,338 $6,811 $6,468 $6,550 $5,469 $6,468 $6,550 $6,269 $5,469 $6,468 $6,550 $6,269
Housing $8,400 $12,384 $12,384 $15,528 $10,044 $12,384 $12,384 $15,528 $10,044 $12,384 $12,384 $15,528
Transportation $3,893 $7,094 $8,341 $9,650 $7,094 $8,341 $9,650 $9,540 $7,094 $8,341 $9,650 $9,540
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 $20,893 $46,648 $63,153 $83,644 $33,613 $40,156 $44,683 $49,540 $33,613 $50,758 $67,898 $85,368
Annual taxes $4,284 $9,542 $12,909 $17,232 $6,852 $8,217 $9,141 $10,250 $6,852 $10,380 $13,877 $17,587
Required annual income before taxes $25,177 $56,190 $76,062 $100,876 $40,466 $48,374 $53,824 $59,790 $40,466 $61,138 $81,775 $102,955

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $133,568
Business & Financial Operations $81,515
Computer & Mathematical $90,455
Architecture & Engineering $81,783
Life, Physical, & Social Science $68,461
Community & Social Service $49,317
Legal $106,215
Education, Training, & Library $59,367
Arts, Design, Entertainment, Sports, & Media $65,663
Healthcare Practitioners & Technical $79,088
Healthcare Support $28,146
Protective Service $46,292
Food Preparation & Serving Related $24,535
Building & Grounds Cleaning & Maintenance $31,612
Personal Care & Service $25,975
Sales & Related $29,802
Office & Administrative Support $39,811
Farming, Fishing, & Forestry $33,073
Construction & Extraction $59,203
Installation, Maintenance, & Repair $50,232
Production $35,851
Transportation & Material Moving $36,242