Living Wage Calculation for Peoria, IL

The living wage shown is the hourly rate that an individual in a household must earn to support themsleves 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 $19.63 $35.11 $45.00 $56.33 $27.75 $33.02 $37.72 $39.55 $13.87 $19.89 $25.25 $27.88
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 $14.00 $14.00 $14.00 $14.00 $14.00 $14.00 $14.00 $14.00 $14.00 $14.00 $14.00 $14.00

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 $4,144 $6,108 $9,162 $12,177 $7,597 $9,456 $12,178 $14,849 $7,597 $9,456 $12,178 $14,849
Child Care $0 $11,771 $22,294 $28,024 $0 $0 $0 $0 $0 $11,771 $22,294 $28,024
Medical $3,214 $7,877 $7,737 $8,316 $6,496 $7,737 $8,316 $7,810 $6,496 $7,737 $8,316 $7,810
Housing $8,204 $11,533 $11,533 $15,041 $9,016 $11,533 $11,533 $15,041 $9,016 $11,533 $11,533 $15,041
Transportation $10,329 $11,954 $15,058 $17,326 $11,954 $15,058 $17,326 $17,306 $11,954 $15,058 $17,326 $17,306
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 $1,498 $1,498 $1,498 $1,498 $2,068 $2,068 $2,068 $2,068 $2,068 $2,068 $2,068 $2,068
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 $34,364 $63,119 $81,436 $100,512 $49,508 $60,006 $69,551 $74,304 $49,508 $71,777 $91,845 $102,328
Annual taxes $6,468 $9,903 $12,174 $16,648 $8,209 $8,674 $8,904 $7,956 $8,209 $10,969 $13,189 $13,650
Required annual income before taxes $40,832 $73,022 $93,610 $117,160 $57,717 $68,680 $78,455 $82,260 $57,717 $82,746 $105,034 $115,978

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 $115,800
Business & Financial Operations $78,930
Computer & Mathematical $89,600
Architecture & Engineering $97,600
Life, Physical, & Social Science $80,830
Community & Social Service $48,600
Legal $108,650
Education, Training, & Library $52,350
Arts, Design, Entertainment, Sports, & Media $54,420
Healthcare Practitioners & Technical $83,360
Healthcare Support $34,550
Protective Service $57,420
Food Preparation & Serving Related $30,380
Building & Grounds Cleaning & Maintenance $33,300
Personal Care & Service $34,280
Sales & Related $42,820
Office & Administrative Support $42,720
Farming, Fishing, & Forestry $41,500
Construction & Extraction $68,990
Installation, Maintenance, & Repair $55,560
Production $45,830
Transportation & Material Moving $40,000