Living Wage Calculation for Homosassa Springs, FL

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 $14.96 $30.06 $37.55 $49.72 $23.38 $28.93 $34.04 $37.51 $11.62 $16.65 $21.39 $25.31
Poverty Wage $6.19 $8.38 $10.56 $12.74 $8.38 $10.56 $12.74 $14.92 $4.19 $5.28 $6.37 $7.46
Minimum Wage $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00

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 $3,351 $4,937 $7,417 $9,838 $6,143 $7,645 $9,856 $11,999 $6,143 $7,645 $9,856 $11,999
Child Care $0 $7,825 $15,650 $23,475 $0 $0 $0 $0 $0 $7,825 $15,650 $23,475
Medical $2,871 $9,662 $9,449 $9,758 $6,908 $9,449 $9,758 $9,547 $6,908 $9,449 $9,758 $9,547
Housing $7,908 $10,740 $10,740 $15,348 $8,148 $10,740 $10,740 $15,348 $7,908 $10,740 $10,740 $15,348
Transportation $5,509 $9,776 $12,709 $15,012 $9,776 $12,709 $15,012 $16,304 $9,776 $12,709 $15,012 $16,304
Civic $2,503 $4,019 $4,965 $6,483 $4,019 $4,965 $6,483 $5,153 $4,019 $4,965 $6,483 $5,153
Other $4,508 $6,723 $6,150 $8,948 $6,723 $6,150 $8,948 $8,655 $6,723 $6,150 $8,948 $8,655
Required annual income after taxes $26,773 $53,805 $67,203 $88,986 $41,839 $51,781 $60,921 $67,129 $41,599 $59,606 $76,571 $90,604
Annual taxes $4,340 $8,723 $10,895 $14,426 $6,783 $8,394 $9,876 $10,883 $6,744 $9,663 $12,413 $14,688
Required annual income before taxes $31,113 $62,527 $78,098 $103,412 $48,621 $60,175 $70,797 $78,012 $48,343 $69,269 $88,984 $105,292

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $78,549
Business & Financial Operations $52,227
Computer & Mathematical $57,256
Architecture & Engineering $78,677
Life, Physical, & Social Science $59,310
Community & Social Service $42,821
Legal $48,567
Education, Training, & Library $40,842
Arts, Design, Entertainment, Sports, & Media $39,943
Healthcare Practitioners & Technical $67,474
Healthcare Support $30,174
Protective Service $49,916
Food Preparation & Serving Related $22,620
Building & Grounds Cleaning & Maintenance $26,204
Personal Care & Service $25,199
Sales & Related $26,215
Office & Administrative Support $34,550
Farming, Fishing, & Forestry $0
Construction & Extraction $37,118
Installation, Maintenance, & Repair $39,986
Production $36,262
Transportation & Material Moving $27,820