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 $11.45 $24.12 $27.81 $34.28 $18.68 $22.41 $25.07 $28.12 $8.92 $13.24 $15.30 $17.56
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 $7.25 $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 $3,058 $4,508 $6,786 $9,001 $5,607 $6,979 $9,012 $10,972 $5,607 $6,979 $9,012 $10,972
Child Care $0 $7,028 $9,485 $11,942 $0 $0 $0 $0 $0 $7,028 $9,485 $11,942
Medical $2,237 $6,427 $6,084 $6,166 $4,828 $6,084 $6,166 $5,885 $4,828 $6,084 $6,166 $5,885
Housing $7,284 $10,644 $10,644 $14,508 $8,820 $10,644 $10,644 $14,508 $7,284 $10,644 $10,644 $14,508
Transportation $4,866 $8,867 $10,426 $12,063 $8,867 $10,426 $12,063 $11,925 $8,867 $10,426 $12,063 $11,925
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 $20,231 $42,107 $48,456 $59,535 $32,755 $39,163 $43,739 $49,020 $31,219 $46,191 $53,224 $60,962
Annual taxes $3,594 $8,060 $9,395 $11,760 $6,105 $7,449 $8,398 $9,460 $5,891 $8,907 $10,438 $12,072
Required annual income before taxes $23,825 $50,167 $57,851 $71,295 $38,860 $46,612 $52,137 $58,481 $37,110 $55,098 $63,662 $73,034

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $91,617
Business & Financial Operations $61,178
Computer & Mathematical $72,175
Architecture & Engineering $71,599
Life, Physical, & Social Science $58,709
Community & Social Service $46,693
Legal $53,771
Education, Training, & Library $62,669
Arts, Design, Entertainment, Sports, & Media $45,634
Healthcare Practitioners & Technical $59,213
Healthcare Support $31,335
Protective Service $53,606
Food Preparation & Serving Related $20,770
Building & Grounds Cleaning & Maintenance $27,909
Personal Care & Service $23,558
Sales & Related $24,864
Office & Administrative Support $36,293
Farming, Fishing, & Forestry $30,162
Construction & Extraction $40,408
Installation, Maintenance, & Repair $46,971
Production $42,218
Transportation & Material Moving $32,610