Living Wage Calculation for Hot Springs, AR

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 $13.37 $28.82 $35.72 $45.23 $22.48 $27.45 $31.14 $32.77 $11.13 $15.83 $19.79 $22.70
Poverty Wage $6.13 $8.29 $10.44 $12.60 $8.29 $10.44 $12.60 $14.75 $4.14 $5.22 $6.30 $7.38
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 $3,177 $4,670 $6,990 $9,294 $5,825 $7,238 $9,305 $11,345 $5,825 $7,238 $9,305 $11,345
Child Care $0 $6,929 $13,858 $20,788 $0 $0 $0 $0 $0 $6,929 $13,858 $20,788
Medical $2,633 $8,569 $8,257 $8,397 $6,159 $8,257 $8,397 $8,050 $6,159 $8,257 $8,397 $8,050
Housing $6,648 $9,264 $9,264 $11,652 $7,032 $9,264 $9,264 $11,652 $6,648 $9,264 $9,264 $11,652
Transportation $5,113 $9,378 $11,672 $13,896 $9,378 $11,672 $13,896 $12,611 $9,378 $11,672 $13,896 $12,611
Civic $1,811 $3,889 $3,554 $4,127 $3,889 $3,554 $4,127 $3,982 $3,889 $3,554 $4,127 $3,982
Other $2,875 $4,687 $5,144 $6,216 $4,687 $5,144 $6,216 $6,235 $4,687 $5,144 $6,216 $6,235
Required annual income after taxes $22,258 $47,386 $58,740 $74,370 $36,970 $45,130 $51,206 $53,874 $36,586 $52,059 $65,064 $74,662
Annual taxes $5,547 $12,558 $15,567 $19,710 $9,798 $11,960 $13,571 $14,278 $9,696 $13,797 $17,243 $19,787
Required annual income before taxes $27,805 $59,945 $74,308 $94,080 $46,767 $57,090 $64,776 $68,152 $46,282 $65,856 $82,307 $94,449

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $63,163
Business & Financial Operations $53,823
Computer & Mathematical $55,889
Architecture & Engineering $62,304
Life, Physical, & Social Science $55,020
Community & Social Service $41,904
Legal $42,927
Education, Training, & Library $46,058
Arts, Design, Entertainment, Sports, & Media $0
Healthcare Practitioners & Technical $53,147
Healthcare Support $24,625
Protective Service $41,167
Food Preparation & Serving Related $20,983
Building & Grounds Cleaning & Maintenance $23,295
Personal Care & Service $21,545
Sales & Related $24,625
Office & Administrative Support $30,518
Farming, Fishing, & Forestry $0
Construction & Extraction $33,607
Installation, Maintenance, & Repair $32,523
Production $28,911
Transportation & Material Moving $26,108