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 $14.92 $31.72 $40.88 $52.98 $23.77 $28.27 $31.97 $34.34 $11.49 $17.31 $22.38 $26.74
Poverty Wage $6.13 $8.29 $10.44 $12.60 $8.29 $10.44 $12.60 $14.75 $4.14 $5.22 $6.30 $7.38
Minimum Wage $11.80 $11.80 $11.80 $11.80 $11.80 $11.80 $11.80 $11.80 $11.80 $11.80 $11.80 $11.80

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 $3,690 $5,424 $8,118 $10,793 $6,764 $8,406 $10,806 $13,174 $6,764 $8,406 $10,806 $13,174
Child Care $0 $10,494 $20,987 $31,481 $0 $0 $0 $0 $0 $10,494 $20,987 $31,481
Medical $2,935 $7,325 $7,013 $7,153 $5,709 $7,013 $7,153 $6,806 $5,709 $7,013 $7,153 $6,806
Housing $8,964 $12,648 $12,648 $15,756 $10,260 $12,648 $12,648 $15,756 $8,964 $12,648 $12,648 $15,756
Transportation $4,332 $7,945 $9,889 $11,773 $7,945 $9,889 $11,773 $10,684 $7,945 $9,889 $11,773 $10,684
Civic $1,702 $3,655 $3,341 $3,879 $3,655 $3,341 $3,879 $3,743 $3,655 $3,341 $3,879 $3,743
Other $3,078 $5,023 $5,514 $6,665 $5,023 $5,514 $6,665 $6,684 $5,023 $5,514 $6,665 $6,684
Required annual income after taxes $24,701 $52,514 $67,509 $87,500 $39,357 $46,810 $52,924 $56,848 $38,061 $57,304 $73,911 $88,329
Annual taxes $6,330 $13,458 $17,515 $22,701 $10,086 $11,997 $13,563 $14,569 $9,754 $14,686 $19,176 $22,916
Required annual income before taxes $31,031 $65,972 $85,024 $110,201 $49,443 $58,807 $66,487 $71,417 $47,815 $71,990 $93,087 $111,245

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $110,878
Business & Financial Operations $69,322
Computer & Mathematical $79,235
Architecture & Engineering $87,133
Life, Physical, & Social Science $62,263
Community & Social Service $51,654
Legal $92,760
Education, Training, & Library $53,884
Arts, Design, Entertainment, Sports, & Media $51,633
Healthcare Practitioners & Technical $67,757
Healthcare Support $31,029
Protective Service $51,899
Food Preparation & Serving Related $26,548
Building & Grounds Cleaning & Maintenance $29,494
Personal Care & Service $27,919
Sales & Related $30,415
Office & Administrative Support $40,963
Farming, Fishing, & Forestry $38,057
Construction & Extraction $55,347
Installation, Maintenance, & Repair $49,270
Production $42,364
Transportation & Material Moving $36,410