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 $12.10 $27.01 $36.57 $48.50 $19.45 $23.26 $25.88 $28.75 $9.28 $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 $8,400 $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 $31,969 $50,758 $67,898 $85,368
Annual taxes $4,284 $9,542 $12,909 $17,232 $6,852 $8,217 $9,141 $10,250 $6,623 $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 $38,592 $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 $106,184
Business & Financial Operations $68,410
Computer & Mathematical $77,853
Architecture & Engineering $85,064
Life, Physical, & Social Science $69,130
Community & Social Service $50,633
Legal $86,248
Education, Training, & Library $50,983
Arts, Design, Entertainment, Sports, & Media $53,761
Healthcare Practitioners & Technical $64,881
Healthcare Support $28,999
Protective Service $49,687
Food Preparation & Serving Related $23,928
Building & Grounds Cleaning & Maintenance $26,973
Personal Care & Service $25,666
Sales & Related $27,786
Office & Administrative Support $38,597
Farming, Fishing, & Forestry $31,026
Construction & Extraction $50,891
Installation, Maintenance, & Repair $48,833
Production $38,834
Transportation & Material Moving $35,192