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 $10.76 $22.58 $26.91 $32.70 $17.87 $22.31 $24.83 $27.61 $8.82 $12.62 $14.77 $17.05
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 $9.25 $9.25 $9.25 $9.25 $9.25 $9.25 $9.25 $9.25 $9.25 $9.25 $9.25 $9.25

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 $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 $5,046 $8,099 $11,153 $0 $0 $0 $0 $0 $5,046 $8,099 $11,153
Medical $2,387 $7,722 $7,433 $7,554 $5,803 $7,433 $7,554 $7,455 $5,803 $7,433 $7,554 $7,455
Housing $6,612 $9,312 $9,312 $11,664 $7,044 $9,312 $9,312 $11,664 $6,612 $9,312 $9,312 $11,664
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 $19,143 $39,639 $47,083 $57,001 $31,478 $39,179 $43,505 $48,254 $31,046 $44,225 $51,604 $59,407
Annual taxes $3,245 $7,326 $8,886 $11,013 $5,686 $7,230 $8,136 $9,180 $5,625 $8,287 $9,833 $11,517
Required annual income before taxes $22,388 $46,965 $55,969 $68,014 $37,163 $46,409 $51,642 $57,434 $36,671 $52,512 $61,437 $70,923

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $58,367
Business & Financial Operations $51,810
Computer & Mathematical $44,624
Architecture & Engineering $59,536
Life, Physical, & Social Science $55,571
Community & Social Service $41,259
Legal $38,017
Education, Training, & Library $46,860
Arts, Design, Entertainment, Sports, & Media $32,273
Healthcare Practitioners & Technical $53,589
Healthcare Support $24,060
Protective Service $36,126
Food Preparation & Serving Related $20,025
Building & Grounds Cleaning & Maintenance $22,403
Personal Care & Service $20,879
Sales & Related $23,887
Office & Administrative Support $29,244
Farming, Fishing, & Forestry $0
Construction & Extraction $31,948
Installation, Maintenance, & Repair $31,277
Production $28,970
Transportation & Material Moving $25,981