Living Wage Calculation for Kokomo, IN

The living wage shown is the hourly rate that an individual in a household must earn to support themselves and/or their family, working full-time, or 2080 hours per year. The tables below provide living wage estimates for individuals and households with one or two working adults and zero to three children. In households with two working adults, all hourly values reflect what one working adult requires to earn to meet their families’ basic needs, assuming the other adult also earns the same.

The poverty wage and state minimum wage are for reference purposes. Poverty wage estimates come from the Department of Health and Human Services’ Poverty Guidelines for 2024 and have been converted from an annual value to an hourly wage for ease of comparison. The state minimum wage data is sourced from the Labor Law Center and includes the minimum wage in a given state as of January of that year.

For further detail, please reference the Methodology page. The data on this page was last updated on February 14, 2024.

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 $19.67 $33.33 $40.78 $51.61 $27.21 $32.42 $36.83 $38.69 $13.60 $18.84 $23.11 $25.61
Poverty Wage $7.24 $9.83 $12.41 $15.00 $9.83 $12.41 $15.00 $17.59 $4.91 $6.21 $7.50 $8.79
Minimum Wage $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25

Typical Expenses

The table below shows the costs of each basic need that go into estimating the living wage. Like with the living wage, their values vary by location and family size.

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 $3,751 $5,530 $8,295 $11,025 $6,878 $8,561 $11,026 $13,444 $6,878 $8,561 $11,026 $13,444
Child Care $0 $9,402 $16,860 $22,181 $0 $0 $0 $0 $0 $9,402 $16,860 $22,181
Medical $3,470 $9,090 $8,950 $9,529 $7,083 $8,950 $9,529 $9,023 $7,083 $8,950 $9,529 $9,023
Housing $9,505 $11,821 $11,821 $15,669 $9,565 $11,821 $11,821 $15,669 $9,565 $11,821 $11,821 $15,669
Transportation $9,769 $11,305 $14,241 $16,386 $11,305 $14,241 $16,386 $16,367 $11,305 $14,241 $16,386 $16,367
Civic $2,889 $5,083 $6,398 $7,409 $5,083 $6,398 $7,409 $6,926 $5,083 $6,398 $7,409 $6,926
Internet & Mobile $1,456 $1,456 $1,456 $1,456 $2,026 $2,026 $2,026 $2,026 $2,026 $2,026 $2,026 $2,026
Other $4,086 $7,294 $7,756 $10,720 $7,294 $7,756 $10,720 $10,305 $7,294 $7,756 $10,720 $10,305
Required annual income after taxes $34,926 $60,981 $75,776 $94,374 $49,234 $59,752 $68,917 $73,758 $49,234 $69,154 $85,777 $95,939
Annual taxes $5,984 $8,338 $9,038 $12,975 $7,358 $7,679 $7,690 $6,712 $7,358 $9,230 $10,348 $10,587
Required annual income before taxes $40,910 $69,320 $84,813 $107,349 $56,592 $67,431 $76,607 $80,470 $56,592 $78,384 $96,124 $106,525

Typical Annual Salaries

The average annual salaries for various occupations in the table below comes from the latest state-level data from the Bureau of Labor Statistics’ Occupational Employment and Wage Estimates. When available, this data is specific to a given metro area.

Occupational Area Typical Annual Salary
Management $96,950
Business & Financial Operations $72,430
Computer & Mathematical $77,250
Architecture & Engineering $86,240
Life, Physical, & Social Science $65,140
Community & Social Service $44,010
Legal $94,630
Education, Training, & Library $50,610
Arts, Design, Entertainment, Sports, & Media $40,620
Healthcare Practitioners & Technical $80,940
Healthcare Support $33,920
Protective Service $49,340
Food Preparation & Serving Related $27,390
Building & Grounds Cleaning & Maintenance $32,110
Personal Care & Service $30,350
Sales & Related $37,760
Office & Administrative Support $40,150
Farming, Fishing, & Forestry $0
Construction & Extraction $66,840
Installation, Maintenance, & Repair $60,840
Production $58,540
Transportation & Material Moving $38,720