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 $10.99 $23.31 $27.64 $34.31 $17.64 $22.02 $24.39 $27.98 $8.76 $12.91 $15.06 $17.81
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 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46

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 $6,932 $10,449 $13,966 $0 $0 $0 $0 $0 $6,932 $10,449 $13,966
Medical $2,485 $7,905 $7,616 $7,737 $5,894 $7,616 $7,737 $7,638 $5,894 $7,616 $7,737 $7,638
Housing $7,440 $10,152 $10,152 $14,292 $7,680 $10,152 $10,152 $14,292 $7,440 $10,152 $10,152 $14,292
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 $20,069 $42,548 $50,456 $62,625 $32,205 $40,202 $44,528 $51,065 $31,965 $47,134 $54,977 $65,031
Annual taxes $2,800 $5,935 $7,039 $8,736 $4,493 $5,608 $6,212 $7,124 $4,459 $6,575 $7,669 $9,072
Required annual income before taxes $22,869 $48,483 $57,494 $71,361 $36,698 $45,810 $50,740 $58,188 $36,425 $53,709 $62,647 $74,102

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $74,427
Business & Financial Operations $50,367
Computer & Mathematical $56,547
Architecture & Engineering $71,550
Life, Physical, & Social Science $40,090
Community & Social Service $42,316
Legal $0
Education, Training, & Library $37,844
Arts, Design, Entertainment, Sports, & Media $35,313
Healthcare Practitioners & Technical $58,854
Healthcare Support $29,356
Protective Service $49,045
Food Preparation & Serving Related $20,858
Building & Grounds Cleaning & Maintenance $23,948
Personal Care & Service $21,234
Sales & Related $23,816
Office & Administrative Support $29,620
Farming, Fishing, & Forestry $0
Construction & Extraction $33,412
Installation, Maintenance, & Repair $36,543
Production $35,679
Transportation & Material Moving $27,140