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 $16.39 $32.37 $41.37 $53.96 $26.16 $32.13 $37.22 $41.31 $13.04 $18.30 $23.08 $27.36
Poverty Wage $6.53 $8.80 $11.07 $13.34 $8.80 $11.07 $13.34 $15.61 $4.40 $5.54 $6.67 $7.81
Minimum Wage $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00

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 $4,686 $6,916 $10,392 $13,774 $8,591 $10,702 $13,802 $16,795 $8,591 $10,702 $13,802 $16,795
Child Care $0 $7,466 $14,933 $22,399 $0 $0 $0 $0 $0 $7,466 $14,933 $22,399
Medical $3,282 $9,162 $9,172 $9,097 $7,014 $9,172 $9,097 $9,250 $7,014 $9,172 $9,097 $9,250
Housing $8,688 $10,200 $10,200 $13,596 $8,808 $10,200 $10,200 $13,596 $8,688 $10,200 $10,200 $13,596
Transportation $5,316 $9,561 $11,691 $14,058 $9,561 $11,691 $14,058 $15,073 $9,561 $11,691 $14,058 $15,073
Civic $2,920 $5,801 $6,480 $8,835 $5,801 $6,480 $8,835 $7,025 $5,801 $6,480 $8,835 $7,025
Other $4,596 $8,020 $9,463 $10,386 $8,020 $9,463 $10,386 $11,617 $8,020 $9,463 $10,386 $11,617
Required annual income after taxes $29,620 $57,258 $72,462 $92,276 $47,926 $57,839 $66,509 $73,488 $47,806 $65,305 $81,442 $95,887
Annual taxes $4,480 $10,064 $13,595 $19,955 $6,482 $8,991 $10,917 $12,428 $6,452 $10,824 $14,583 $17,927
Required annual income before taxes $34,100 $67,322 $86,056 $112,231 $54,409 $66,829 $77,426 $85,916 $54,259 $76,128 $96,025 $113,814

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $104,212
Business & Financial Operations $67,332
Computer & Mathematical $68,534
Architecture & Engineering $82,712
Life, Physical, & Social Science $71,279
Community & Social Service $50,121
Legal $67,354
Education, Training, & Library $53,594
Arts, Design, Entertainment, Sports, & Media $40,551
Healthcare Practitioners & Technical $83,142
Healthcare Support $30,562
Protective Service $42,613
Food Preparation & Serving Related $25,502
Building & Grounds Cleaning & Maintenance $30,452
Personal Care & Service $26,329
Sales & Related $31,455
Office & Administrative Support $40,055
Farming, Fishing, & Forestry $32,867
Construction & Extraction $52,293
Installation, Maintenance, & Repair $51,940
Production $51,940
Transportation & Material Moving $40,033