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 $11.04 $23.23 $27.19 $33.65 $17.59 $21.66 $24.11 $26.88 $8.78 $12.70 $14.87 $17.20
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 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25

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 $2,994 $4,413 $6,644 $8,812 $5,489 $6,832 $8,822 $10,741 $5,489 $6,832 $8,822 $10,741
Child Care $0 $6,820 $10,280 $13,739 $0 $0 $0 $0 $0 $6,820 $10,280 $13,739
Medical $2,555 $8,476 $8,132 $8,214 $6,297 $8,132 $8,214 $7,933 $6,297 $8,132 $8,214 $7,933
Housing $7,152 $9,576 $9,576 $13,260 $7,200 $9,576 $9,576 $13,260 $7,152 $9,576 $9,576 $13,260
Transportation $4,623 $8,424 $9,905 $11,459 $8,424 $9,905 $11,459 $11,329 $8,424 $9,905 $11,459 $11,329
Other $2,824 $4,697 $5,099 $5,935 $4,697 $5,099 $5,935 $5,808 $4,697 $5,099 $5,935 $5,808
Required annual income after taxes $20,148 $42,404 $49,636 $61,419 $32,106 $39,544 $44,006 $49,071 $32,058 $46,364 $54,286 $62,810
Annual taxes $2,811 $5,915 $6,924 $8,568 $4,479 $5,516 $6,139 $6,845 $4,472 $6,468 $7,573 $8,762
Required annual income before taxes $22,958 $48,320 $56,560 $69,987 $36,584 $45,060 $50,145 $55,917 $36,530 $52,832 $61,859 $71,573

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $79,036
Business & Financial Operations $52,701
Computer & Mathematical $53,503
Architecture & Engineering $68,687
Life, Physical, & Social Science $47,064
Community & Social Service $46,930
Legal $0
Education, Training, & Library $41,272
Arts, Design, Entertainment, Sports, & Media $33,701
Healthcare Practitioners & Technical $58,102
Healthcare Support $29,113
Protective Service $42,774
Food Preparation & Serving Related $20,636
Building & Grounds Cleaning & Maintenance $23,054
Personal Care & Service $21,706
Sales & Related $22,015
Office & Administrative Support $29,792
Farming, Fishing, & Forestry $0
Construction & Extraction $32,785
Installation, Maintenance, & Repair $37,034
Production $35,429
Transportation & Material Moving $25,985