Living Wage Calculation for Memphis, TN

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 $11.17 $22.74 $26.59 $32.57 $18.31 $21.92 $24.29 $27.67 $8.89 $12.62 $14.53 $16.94
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 $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

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 $6,074 $8,717 $11,360 $0 $0 $0 $0 $0 $6,074 $8,717 $11,360
Medical $2,422 $7,504 $7,216 $7,336 $5,989 $7,216 $7,336 $7,238 $5,989 $7,216 $7,336 $7,238
Housing $7,818 $10,363 $10,363 $14,128 $8,796 $10,363 $10,363 $14,128 $7,818 $10,363 $10,363 $14,128
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 $20,385 $41,500 $48,534 $59,455 $33,416 $40,012 $44,339 $50,500 $32,438 $46,086 $53,056 $61,860
Annual taxes $2,844 $5,789 $6,771 $8,294 $4,662 $5,582 $6,185 $7,045 $4,525 $6,429 $7,401 $8,630
Required annual income before taxes $23,228 $47,289 $55,305 $67,748 $38,078 $45,594 $50,524 $57,545 $36,963 $52,515 $60,457 $70,490

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $86,086
Business & Financial Operations $61,040
Computer & Mathematical $68,196
Architecture & Engineering $70,127
Life, Physical, & Social Science $60,410
Community & Social Service $43,424
Legal $69,192
Education, Training, & Library $52,339
Arts, Design, Entertainment, Sports, & Media $40,964
Healthcare Practitioners & Technical $61,619
Healthcare Support $29,061
Protective Service $33,961
Food Preparation & Serving Related $19,689
Building & Grounds Cleaning & Maintenance $23,745
Personal Care & Service $21,031
Sales & Related $25,585
Office & Administrative Support $34,083
Farming, Fishing, & Forestry $29,763
Construction & Extraction $38,403
Installation, Maintenance, & Repair $43,363
Production $32,294
Transportation & Material Moving $30,850