Living Wage Calculation for Farmington, NM

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 $11.76 $24.23 $28.96 $35.65 $18.48 $22.19 $24.91 $27.38 $9.23 $13.35 $15.90 $18.33
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 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50

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 $3,573 $5,267 $7,929 $10,517 $6,551 $8,154 $10,529 $12,820 $6,551 $8,154 $10,529 $12,820
Child Care $0 $7,875 $12,061 $16,247 $0 $0 $0 $0 $0 $7,875 $12,061 $16,247
Medical $2,279 $7,615 $7,271 $7,353 $5,533 $7,271 $7,353 $7,072 $5,533 $7,271 $7,353 $7,072
Housing $7,824 $9,240 $9,240 $11,748 $7,872 $9,240 $9,240 $11,748 $7,824 $9,240 $9,240 $11,748
Transportation $4,206 $7,664 $9,011 $10,425 $7,664 $9,011 $10,425 $10,307 $7,664 $9,011 $10,425 $10,307
Other $2,976 $4,951 $5,375 $6,256 $4,951 $5,375 $6,256 $6,121 $4,951 $5,375 $6,256 $6,121
Required annual income after taxes $20,858 $42,610 $50,888 $62,547 $32,570 $39,051 $43,804 $48,069 $32,522 $46,926 $55,865 $64,316
Annual taxes $3,606 $7,783 $9,343 $11,612 $5,867 $7,112 $8,008 $8,883 $5,860 $8,596 $10,281 $11,945
Required annual income before taxes $24,464 $50,393 $60,231 $74,158 $38,438 $46,163 $51,812 $56,952 $38,383 $55,522 $66,146 $76,261

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $86,916
Business & Financial Operations $53,287
Computer & Mathematical $65,560
Architecture & Engineering $69,459
Life, Physical, & Social Science $54,409
Community & Social Service $47,084
Legal $88,223
Education, Training, & Library $55,427
Arts, Design, Entertainment, Sports, & Media $33,485
Healthcare Practitioners & Technical $66,116
Healthcare Support $29,606
Protective Service $36,890
Food Preparation & Serving Related $19,504
Building & Grounds Cleaning & Maintenance $22,642
Personal Care & Service $22,087
Sales & Related $23,763
Office & Administrative Support $31,705
Farming, Fishing, & Forestry $20,430
Construction & Extraction $47,321
Installation, Maintenance, & Repair $43,432
Production $42,918
Transportation & Material Moving $35,295