Living Wage Calculation for Charlotte-Concord-Gastonia, NC

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 $12.83 $25.46 $29.82 $36.60 $19.74 $24.10 $26.59 $30.32 $9.78 $14.05 $16.21 $18.99
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 $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 $3,010 $4,446 $6,682 $8,863 $5,518 $6,877 $8,872 $10,802 $5,518 $6,877 $8,872 $10,802
Child Care $0 $6,959 $10,141 $13,323 $0 $0 $0 $0 $0 $6,959 $10,141 $13,323
Medical $2,305 $7,945 $7,657 $7,778 $5,495 $7,657 $7,778 $7,679 $5,495 $7,657 $7,778 $7,679
Housing $9,915 $11,826 $11,826 $15,938 $10,230 $11,826 $11,826 $15,938 $9,915 $11,826 $11,826 $15,938
Transportation $4,322 $8,425 $10,689 $11,645 $8,425 $10,689 $11,645 $12,206 $8,425 $10,689 $11,645 $12,206
Other $2,812 $4,688 $4,867 $6,123 $4,688 $4,867 $6,123 $6,126 $4,688 $4,867 $6,123 $6,126
Required annual income after taxes $22,364 $44,289 $51,862 $63,669 $34,356 $41,916 $46,243 $52,751 $34,041 $48,875 $56,384 $66,074
Annual taxes $4,327 $8,670 $10,166 $12,466 $6,701 $8,201 $9,056 $10,310 $6,657 $9,576 $11,059 $12,941
Required annual income before taxes $26,691 $52,959 $62,028 $76,134 $41,057 $50,118 $55,299 $63,061 $40,698 $58,451 $67,442 $79,015

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $116,703
Business & Financial Operations $70,879
Computer & Mathematical $90,691
Architecture & Engineering $74,092
Life, Physical, & Social Science $60,928
Community & Social Service $46,260
Legal $62,778
Education, Training, & Library $44,359
Arts, Design, Entertainment, Sports, & Media $48,019
Healthcare Practitioners & Technical $62,809
Healthcare Support $27,760
Protective Service $35,862
Food Preparation & Serving Related $20,706
Building & Grounds Cleaning & Maintenance $25,910
Personal Care & Service $23,674
Sales & Related $29,509
Office & Administrative Support $36,421
Farming, Fishing, & Forestry $29,976
Construction & Extraction $39,582
Installation, Maintenance, & Repair $46,901
Production $34,550
Transportation & Material Moving $31,003