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 $11.84 $24.67 $28.71 $35.17 $19.20 $23.21 $25.77 $29.49 $9.30 $13.68 $15.71 $18.30
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 $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 $3,075 $4,541 $6,826 $9,053 $5,637 $7,025 $9,063 $11,035 $5,637 $7,025 $9,063 $11,035
Child Care $0 $7,144 $9,641 $12,139 $0 $0 $0 $0 $0 $7,144 $9,641 $12,139
Medical $2,607 $7,127 $6,839 $6,959 $5,648 $6,839 $6,959 $6,861 $5,648 $6,839 $6,959 $6,861
Housing $8,028 $11,004 $11,004 $14,976 $9,120 $11,004 $11,004 $14,976 $8,028 $11,004 $11,004 $14,976
Transportation $4,289 $8,362 $10,608 $11,557 $8,362 $10,608 $11,557 $12,115 $8,362 $10,608 $11,557 $12,115
Other $2,929 $4,883 $5,070 $6,378 $4,883 $5,070 $6,378 $6,381 $4,883 $5,070 $6,378 $6,381
Required annual income after taxes $20,929 $43,062 $49,988 $61,062 $33,650 $40,547 $44,961 $51,367 $32,558 $47,691 $54,602 $63,506
Annual taxes $3,703 $8,251 $9,723 $12,086 $6,286 $7,730 $8,646 $9,966 $6,134 $9,220 $10,732 $12,621
Required annual income before taxes $24,632 $51,313 $59,711 $73,149 $39,936 $48,276 $53,606 $61,333 $38,692 $56,911 $65,334 $76,127

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $93,059
Business & Financial Operations $59,220
Computer & Mathematical $71,876
Architecture & Engineering $73,350
Life, Physical, & Social Science $59,292
Community & Social Service $44,146
Legal $53,243
Education, Training, & Library $64,455
Arts, Design, Entertainment, Sports, & Media $45,986
Healthcare Practitioners & Technical $58,966
Healthcare Support $31,592
Protective Service $55,480
Food Preparation & Serving Related $21,041
Building & Grounds Cleaning & Maintenance $25,981
Personal Care & Service $24,904
Sales & Related $24,406
Office & Administrative Support $35,282
Farming, Fishing, & Forestry $29,488
Construction & Extraction $44,248
Installation, Maintenance, & Repair $46,921
Production $41,279
Transportation & Material Moving $33,554