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 $14.96 $28.13 $35.05 $46.17 $23.46 $27.57 $32.67 $35.66 $11.40 $15.69 $20.14 $23.53
Poverty Wage $6.19 $8.38 $10.56 $12.74 $8.38 $10.56 $12.74 $14.92 $4.19 $5.28 $6.37 $7.46
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 $3,351 $4,937 $7,417 $9,838 $6,143 $7,645 $9,856 $11,999 $6,143 $7,645 $9,856 $11,999
Child Care $0 $6,807 $13,614 $20,421 $0 $0 $0 $0 $0 $6,807 $13,614 $20,421
Medical $2,603 $7,112 $6,898 $7,208 $5,856 $6,898 $7,208 $6,997 $5,856 $6,898 $7,208 $6,997
Housing $8,178 $10,850 $10,850 $14,596 $9,346 $10,850 $10,850 $14,596 $8,178 $10,850 $10,850 $14,596
Transportation $5,509 $9,776 $12,709 $15,012 $9,776 $12,709 $15,012 $16,304 $9,776 $12,709 $15,012 $16,304
Civic $2,503 $4,019 $4,965 $6,483 $4,019 $4,965 $6,483 $5,153 $4,019 $4,965 $6,483 $5,153
Other $4,508 $6,723 $6,150 $8,948 $6,723 $6,150 $8,948 $8,655 $6,723 $6,150 $8,948 $8,655
Required annual income after taxes $26,776 $50,347 $62,727 $82,629 $41,985 $49,341 $58,481 $63,827 $40,818 $56,148 $72,094 $84,248
Annual taxes $4,341 $8,162 $10,169 $13,395 $6,806 $7,999 $9,481 $10,347 $6,617 $9,102 $11,688 $13,658
Required annual income before taxes $31,116 $58,509 $72,896 $96,025 $48,792 $57,340 $67,961 $74,174 $47,435 $65,250 $83,782 $97,905

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $97,755
Business & Financial Operations $65,184
Computer & Mathematical $74,889
Architecture & Engineering $77,254
Life, Physical, & Social Science $67,175
Community & Social Service $50,087
Legal $59,503
Education, Training, & Library $52,173
Arts, Design, Entertainment, Sports, & Media $45,935
Healthcare Practitioners & Technical $65,366
Healthcare Support $29,382
Protective Service $38,231
Food Preparation & Serving Related $22,021
Building & Grounds Cleaning & Maintenance $27,167
Personal Care & Service $24,899
Sales & Related $29,917
Office & Administrative Support $39,269
Farming, Fishing, & Forestry $30,367
Construction & Extraction $43,720
Installation, Maintenance, & Repair $48,867
Production $37,707
Transportation & Material Moving $35,000