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 $12.79 $28.20 $38.25 $50.47 $20.38 $24.72 $27.38 $30.92 $9.74 $15.48 $20.52 $26.01
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 $11.10 $11.10 $11.10 $11.10 $11.10 $11.10 $11.10 $11.10 $11.10 $11.10 $11.10 $11.10

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 $3,495 $5,163 $7,760 $10,292 $6,408 $7,987 $10,303 $12,545 $6,408 $7,987 $10,303 $12,545
Child Care $0 $10,776 $23,597 $36,418 $0 $0 $0 $0 $0 $10,776 $23,597 $36,418
Medical $2,593 $6,988 $6,700 $6,820 $5,556 $6,700 $6,820 $6,721 $5,556 $6,700 $6,820 $6,721
Housing $9,216 $13,380 $13,380 $16,764 $10,848 $13,380 $13,380 $16,764 $9,216 $13,380 $13,380 $16,764
Transportation $3,899 $7,602 $9,644 $10,506 $7,602 $9,644 $10,506 $11,013 $7,602 $9,644 $10,506 $11,013
Other $2,890 $4,818 $5,003 $6,293 $4,818 $5,003 $6,293 $6,296 $4,818 $5,003 $6,293 $6,296
Required annual income after taxes $22,094 $48,727 $66,083 $87,093 $35,232 $42,713 $47,302 $53,339 $33,600 $53,489 $70,899 $89,757
Annual taxes $4,503 $9,930 $13,471 $17,894 $7,157 $8,703 $9,640 $10,977 $6,929 $10,902 $14,453 $18,442
Required annual income before taxes $26,597 $58,657 $79,554 $104,987 $42,388 $51,416 $56,942 $64,316 $40,528 $64,390 $85,353 $108,199

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $109,048
Business & Financial Operations $67,617
Computer & Mathematical $78,595
Architecture & Engineering $86,330
Life, Physical, & Social Science $62,239
Community & Social Service $50,296
Legal $90,833
Education, Training, & Library $53,315
Arts, Design, Entertainment, Sports, & Media $52,329
Healthcare Practitioners & Technical $65,665
Healthcare Support $29,590
Protective Service $50,164
Food Preparation & Serving Related $25,117
Building & Grounds Cleaning & Maintenance $27,750
Personal Care & Service $26,449
Sales & Related $28,645
Office & Administrative Support $39,175
Farming, Fishing, & Forestry $31,277
Construction & Extraction $52,136
Installation, Maintenance, & Repair $48,314
Production $40,558
Transportation & Material Moving $36,543