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 $13.26 $26.49 $32.50 $41.67 $21.61 $25.56 $28.96 $31.22 $10.51 $14.55 $18.02 $20.92
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 $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 $3,177 $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 $6,332 $12,664 $18,996 $0 $0 $0 $0 $0 $6,332 $12,664 $18,996
Medical $2,813 $7,923 $7,611 $7,750 $5,895 $7,611 $7,750 $7,404 $5,895 $7,611 $7,750 $7,404
Housing $7,943 $10,531 $10,531 $14,308 $9,006 $10,531 $10,531 $14,308 $7,943 $10,531 $10,531 $14,308
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 $23,733 $47,409 $58,166 $74,588 $38,680 $45,750 $51,825 $55,884 $37,616 $52,082 $64,489 $74,880
Annual taxes $3,847 $7,686 $9,430 $12,092 $6,271 $7,417 $8,402 $9,060 $6,098 $8,443 $10,455 $12,139
Required annual income before taxes $27,580 $55,095 $67,595 $86,680 $44,950 $53,167 $60,227 $64,944 $43,715 $60,525 $74,944 $87,019

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $90,018
Business & Financial Operations $60,544
Computer & Mathematical $69,025
Architecture & Engineering $70,396
Life, Physical, & Social Science $60,841
Community & Social Service $44,411
Legal $63,368
Education, Training, & Library $53,352
Arts, Design, Entertainment, Sports, & Media $40,257
Healthcare Practitioners & Technical $61,813
Healthcare Support $26,947
Protective Service $34,272
Food Preparation & Serving Related $20,277
Building & Grounds Cleaning & Maintenance $24,563
Personal Care & Service $22,824
Sales & Related $26,947
Office & Administrative Support $36,400
Farming, Fishing, & Forestry $28,952
Construction & Extraction $40,380
Installation, Maintenance, & Repair $44,943
Production $34,896
Transportation & Material Moving $31,807