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 $11.84 $23.86 $28.98 $35.83 $18.70 $22.10 $24.75 $27.97 $9.33 $13.34 $15.88 $18.70
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 $7.50 $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 $3,592 $5,306 $7,976 $10,578 $6,586 $8,208 $10,589 $12,893 $6,586 $8,208 $10,589 $12,893
Child Care $0 $8,005 $12,260 $16,515 $0 $0 $0 $0 $0 $8,005 $12,260 $16,515
Medical $2,573 $6,700 $6,412 $6,532 $5,738 $6,412 $6,532 $6,434 $5,738 $6,412 $6,532 $6,434
Housing $8,004 $9,408 $9,408 $12,252 $8,088 $9,408 $9,408 $12,252 $8,004 $9,408 $9,408 $12,252
Transportation $4,094 $7,982 $10,126 $11,032 $7,982 $10,126 $11,032 $11,564 $7,982 $10,126 $11,032 $11,564
Other $2,734 $4,558 $4,732 $5,953 $4,558 $4,732 $5,953 $5,955 $4,558 $4,732 $5,953 $5,955
Required annual income after taxes $20,998 $41,959 $50,914 $62,862 $32,951 $38,887 $43,514 $49,098 $32,867 $46,892 $55,774 $65,613
Annual taxes $3,637 $7,667 $9,355 $11,664 $5,943 $7,088 $7,960 $9,070 $5,931 $8,597 $10,271 $12,183
Required annual income before taxes $24,635 $49,626 $60,269 $74,526 $38,894 $45,974 $51,474 $58,168 $38,798 $55,488 $66,045 $77,796

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $84,490
Business & Financial Operations $54,992
Computer & Mathematical $59,342
Architecture & Engineering $69,019
Life, Physical, & Social Science $62,239
Community & Social Service $43,861
Legal $73,949
Education, Training, & Library $45,559
Arts, Design, Entertainment, Sports, & Media $40,324
Healthcare Practitioners & Technical $68,369
Healthcare Support $30,037
Protective Service $36,400
Food Preparation & Serving Related $19,456
Building & Grounds Cleaning & Maintenance $23,369
Personal Care & Service $22,332
Sales & Related $24,558
Office & Administrative Support $31,999
Farming, Fishing, & Forestry $0
Construction & Extraction $46,220
Installation, Maintenance, & Repair $45,793
Production $49,818
Transportation & Material Moving $35,892