Living Wage Calculation for Peoria, IL

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 $11.37 $24.50 $29.04 $35.59 $18.52 $22.18 $24.80 $27.12 $9.06 $13.42 $15.88 $18.20
Poverty Wage $5.84 $7.91 $9.99 $12.07 $7.91 $9.99 $12.07 $14.14 $3.96 $5.00 $6.03 $7.07
Minimum Wage $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25 $8.25

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 $3,058 $4,508 $6,786 $9,001 $5,607 $6,979 $9,012 $10,972 $5,607 $6,979 $9,012 $10,972
Child Care $0 $8,135 $12,186 $16,236 $0 $0 $0 $0 $0 $8,135 $12,186 $16,236
Medical $2,473 $7,229 $6,885 $6,967 $5,817 $6,885 $6,967 $6,687 $5,817 $6,885 $6,967 $6,687
Housing $6,588 $9,336 $9,336 $11,928 $7,320 $9,336 $9,336 $11,928 $6,588 $9,336 $9,336 $11,928
Transportation $4,866 $8,867 $10,426 $12,063 $8,867 $10,426 $12,063 $11,925 $8,867 $10,426 $12,063 $11,925
Other $2,785 $4,633 $5,030 $5,855 $4,633 $5,030 $5,855 $5,729 $4,633 $5,030 $5,855 $5,729
Required annual income after taxes $19,771 $42,707 $50,650 $62,050 $32,244 $38,656 $43,232 $47,241 $31,512 $46,791 $55,418 $63,477
Annual taxes $3,875 $8,254 $9,760 $11,970 $6,270 $7,487 $8,354 $9,164 $6,168 $9,028 $10,663 $12,241
Required annual income before taxes $23,645 $50,962 $60,410 $74,020 $38,514 $46,143 $51,586 $56,405 $37,680 $55,820 $66,081 $75,718

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $99,024
Business & Financial Operations $74,705
Computer & Mathematical $90,126
Architecture & Engineering $95,002
Life, Physical, & Social Science $63,132
Community & Social Service $38,793
Legal $71,547
Education, Training, & Library $41,972
Arts, Design, Entertainment, Sports, & Media $34,719
Healthcare Practitioners & Technical $59,285
Healthcare Support $27,642
Protective Service $37,301
Food Preparation & Serving Related $20,389
Building & Grounds Cleaning & Maintenance $26,387
Personal Care & Service $22,827
Sales & Related $25,800
Office & Administrative Support $32,795
Farming, Fishing, & Forestry $33,341
Construction & Extraction $61,260
Installation, Maintenance, & Repair $49,821
Production $42,651
Transportation & Material Moving $34,184