Living Wage Calculation for Ames, IA

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 $15.92 $30.65 $38.68 $51.10 $24.88 $30.17 $36.04 $39.61 $12.43 $17.11 $22.39 $25.98
Poverty Wage $6.19 $8.38 $10.56 $12.74 $8.38 $10.56 $12.74 $14.92 $4.19 $5.28 $6.37 $7.46
Minimum Wage $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25

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 $3,423 $5,044 $7,577 $10,050 $6,275 $7,809 $10,068 $12,257 $6,275 $7,809 $10,068 $12,257
Child Care $0 $6,633 $13,266 $19,899 $0 $0 $0 $0 $0 $6,633 $13,266 $19,899
Medical $2,766 $8,373 $8,160 $8,470 $5,769 $8,160 $8,470 $8,259 $5,769 $8,160 $8,470 $8,259
Housing $7,066 $8,519 $8,519 $12,094 $7,094 $8,519 $8,519 $12,094 $7,066 $8,519 $8,519 $12,094
Transportation $5,305 $9,414 $12,239 $14,456 $9,414 $12,239 $14,456 $15,700 $9,414 $12,239 $14,456 $15,700
Civic $2,894 $4,646 $5,741 $7,496 $4,646 $5,741 $7,496 $5,959 $4,646 $5,741 $7,496 $5,959
Other $4,939 $7,366 $6,739 $9,804 $7,366 $6,739 $9,804 $9,484 $7,366 $6,739 $9,804 $9,484
Required annual income after taxes $26,517 $50,118 $62,363 $82,393 $40,688 $49,329 $58,937 $63,875 $40,659 $55,962 $72,203 $83,774
Annual taxes $6,592 $13,637 $18,085 $23,893 $11,071 $13,423 $16,037 $18,523 $11,064 $15,227 $20,938 $24,294
Required annual income before taxes $33,109 $63,756 $80,448 $106,286 $51,759 $62,752 $74,973 $82,398 $51,723 $71,190 $93,141 $108,067

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $98,804
Business & Financial Operations $66,051
Computer & Mathematical $77,404
Architecture & Engineering $78,806
Life, Physical, & Social Science $65,559
Community & Social Service $47,594
Legal $70,556
Education, Training, & Library $70,449
Arts, Design, Entertainment, Sports, & Media $53,414
Healthcare Practitioners & Technical $66,190
Healthcare Support $33,448
Protective Service $55,137
Food Preparation & Serving Related $24,289
Building & Grounds Cleaning & Maintenance $30,014
Personal Care & Service $24,749
Sales & Related $27,478
Office & Administrative Support $41,313
Farming, Fishing, & Forestry $32,047
Construction & Extraction $52,665
Installation, Maintenance, & Repair $51,852
Production $39,943
Transportation & Material Moving $36,979