Living Wage Calculation for Binghamton, 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 $11.74 $26.33 $36.37 $48.43 $18.64 $22.85 $25.50 $28.88 $9.22 $14.54 $19.58 $24.99
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 $11.10 $11.10 $11.10 $11.10 $11.10 $11.10 $11.10 $11.10 $11.10 $11.10 $11.10 $11.10

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 $3,495 $5,163 $7,760 $10,292 $6,408 $7,987 $10,303 $12,545 $6,408 $7,987 $10,303 $12,545
Child Care $0 $10,776 $23,597 $36,418 $0 $0 $0 $0 $0 $10,776 $23,597 $36,418
Medical $2,593 $6,988 $6,700 $6,820 $5,556 $6,700 $6,820 $6,721 $5,556 $6,700 $6,820 $6,721
Housing $7,308 $9,960 $9,960 $13,032 $7,680 $9,960 $9,960 $13,032 $7,308 $9,960 $9,960 $13,032
Transportation $3,899 $7,602 $9,644 $10,506 $7,602 $9,644 $10,506 $11,013 $7,602 $9,644 $10,506 $11,013
Other $2,890 $4,818 $5,003 $6,293 $4,818 $5,003 $6,293 $6,296 $4,818 $5,003 $6,293 $6,296
Required annual income after taxes $20,186 $45,307 $62,663 $83,361 $32,064 $39,293 $43,882 $49,607 $31,692 $50,069 $67,479 $86,025
Annual taxes $4,237 $9,453 $12,994 $17,373 $6,715 $8,226 $9,162 $10,457 $6,663 $10,424 $13,976 $17,922
Required annual income before taxes $24,423 $54,760 $75,657 $100,734 $38,778 $47,519 $53,045 $60,064 $38,354 $60,493 $81,455 $103,947

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $99,585
Business & Financial Operations $65,157
Computer & Mathematical $82,579
Architecture & Engineering $72,780
Life, Physical, & Social Science $46,128
Community & Social Service $42,652
Legal $66,448
Education, Training, & Library $51,282
Arts, Design, Entertainment, Sports, & Media $40,110
Healthcare Practitioners & Technical $62,809
Healthcare Support $28,441
Protective Service $52,136
Food Preparation & Serving Related $24,345
Building & Grounds Cleaning & Maintenance $25,280
Personal Care & Service $26,378
Sales & Related $26,032
Office & Administrative Support $34,378
Farming, Fishing, & Forestry $30,972
Construction & Extraction $47,876
Installation, Maintenance, & Repair $43,983
Production $32,223
Transportation & Material Moving $32,131