Living Wage Calculation for Albany-Schenectady-Troy, NY

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 $17.08 $36.47 $48.52 $64.15 $26.82 $33.01 $37.89 $41.91 $13.05 $20.19 $26.31 $32.02
Poverty Wage $6.53 $8.80 $11.07 $13.34 $8.80 $11.07 $13.34 $15.61 $4.40 $5.54 $6.67 $7.81
Minimum Wage $14.20 $14.20 $14.20 $14.20 $14.20 $14.20 $14.20 $14.20 $14.20 $14.20 $14.20 $14.20

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 $4,559 $6,729 $10,111 $13,402 $8,359 $10,413 $13,429 $16,341 $8,359 $10,413 $13,429 $16,341
Child Care $0 $12,192 $24,385 $36,577 $0 $0 $0 $0 $0 $12,192 $24,385 $36,577
Medical $3,207 $8,487 $8,497 $8,422 $6,666 $8,497 $8,422 $8,575 $6,666 $8,497 $8,422 $8,575
Housing $10,680 $14,484 $14,484 $17,904 $11,892 $14,484 $14,484 $17,904 $10,680 $14,484 $14,484 $17,904
Transportation $4,470 $8,040 $9,831 $11,821 $8,040 $9,831 $11,821 $12,675 $8,040 $9,831 $11,821 $12,675
Civic $2,882 $5,725 $6,394 $8,719 $5,725 $6,394 $8,719 $6,933 $5,725 $6,394 $8,719 $6,933
Other $4,339 $7,570 $8,932 $9,804 $7,570 $8,932 $9,804 $10,966 $7,570 $8,932 $9,804 $10,966
Required annual income after taxes $30,269 $63,359 $82,766 $106,781 $48,383 $58,683 $66,810 $73,525 $47,171 $70,875 $91,195 $110,103
Annual taxes $5,260 $12,495 $18,152 $26,644 $7,408 $9,979 $11,998 $13,657 $7,099 $13,101 $18,245 $23,093
Required annual income before taxes $35,529 $75,854 $100,918 $133,425 $55,791 $68,662 $78,808 $87,182 $54,269 $83,976 $109,440 $133,195

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $113,594
Business & Financial Operations $85,391
Computer & Mathematical $87,883
Architecture & Engineering $88,104
Life, Physical, & Social Science $82,900
Community & Social Service $57,960
Legal $92,260
Education, Training, & Library $67,133
Arts, Design, Entertainment, Sports, & Media $60,717
Healthcare Practitioners & Technical $83,175
Healthcare Support $33,032
Protective Service $62,315
Food Preparation & Serving Related $32,900
Building & Grounds Cleaning & Maintenance $33,594
Personal Care & Service $32,867
Sales & Related $33,804
Office & Administrative Support $47,508
Farming, Fishing, & Forestry $34,388
Construction & Extraction $65,899
Installation, Maintenance, & Repair $53,605
Production $52,304
Transportation & Material Moving $41,676