Living Wage Calculation for Albuquerque, NM

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 $11.14 $24.90 $29.63 $37.57 $18.81 $22.87 $25.59 $29.29 $8.91 $13.69 $16.24 $19.29
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 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50

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 $3,573 $5,267 $7,929 $10,517 $6,551 $8,154 $10,529 $12,820 $6,551 $8,154 $10,529 $12,820
Child Care $0 $7,875 $12,061 $16,247 $0 $0 $0 $0 $0 $7,875 $12,061 $16,247
Medical $2,279 $7,615 $7,271 $7,353 $5,533 $7,271 $7,353 $7,072 $5,533 $7,271 $7,353 $7,072
Housing $6,684 $10,476 $10,476 $15,240 $8,484 $10,476 $10,476 $15,240 $6,684 $10,476 $10,476 $15,240
Transportation $4,206 $7,664 $9,011 $10,425 $7,664 $9,011 $10,425 $10,307 $7,664 $9,011 $10,425 $10,307
Other $2,976 $4,951 $5,375 $6,256 $4,951 $5,375 $6,256 $6,121 $4,951 $5,375 $6,256 $6,121
Required annual income after taxes $19,718 $43,846 $52,124 $66,039 $33,182 $40,287 $45,040 $51,561 $31,382 $48,162 $57,101 $67,808
Annual taxes $3,447 $7,955 $9,516 $12,099 $5,952 $7,284 $8,180 $9,370 $5,701 $8,769 $10,454 $12,432
Required annual income before taxes $23,165 $51,802 $61,639 $78,138 $39,135 $47,571 $53,220 $60,931 $37,084 $56,931 $67,555 $80,240

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $90,393
Business & Financial Operations $62,649
Computer & Mathematical $75,415
Architecture & Engineering $96,010
Life, Physical, & Social Science $64,912
Community & Social Service $44,204
Legal $65,858
Education, Training, & Library $46,302
Arts, Design, Entertainment, Sports, & Media $39,811
Healthcare Practitioners & Technical $69,912
Healthcare Support $29,462
Protective Service $35,799
Food Preparation & Serving Related $20,492
Building & Grounds Cleaning & Maintenance $23,444
Personal Care & Service $21,562
Sales & Related $26,027
Office & Administrative Support $33,104
Farming, Fishing, & Forestry $23,362
Construction & Extraction $38,155
Installation, Maintenance, & Repair $39,914
Production $31,715
Transportation & Material Moving $29,997