Living Wage Calculation for Prescott, AZ

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 $12.11 $24.81 $30.89 $39.80 $18.85 $23.63 $26.26 $30.55 $9.40 $13.81 $16.83 $20.68
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 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00 $11.00

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 $3,592 $5,306 $7,976 $10,578 $6,586 $8,208 $10,589 $12,893 $6,586 $8,208 $10,589 $12,893
Child Care $0 $7,017 $13,020 $19,022 $0 $0 $0 $0 $0 $7,017 $13,020 $19,022
Medical $2,569 $7,781 $7,492 $7,613 $5,820 $7,492 $7,613 $7,514 $5,820 $7,492 $7,613 $7,514
Housing $8,604 $11,496 $11,496 $16,296 $8,688 $11,496 $11,496 $16,296 $8,604 $11,496 $11,496 $16,296
Transportation $4,094 $7,982 $10,126 $11,032 $7,982 $10,126 $11,032 $11,564 $7,982 $10,126 $11,032 $11,564
Other $2,734 $4,558 $4,732 $5,953 $4,558 $4,732 $5,953 $5,955 $4,558 $4,732 $5,953 $5,955
Required annual income after taxes $21,594 $44,139 $54,842 $70,493 $33,634 $42,055 $46,682 $54,223 $33,550 $49,072 $59,702 $73,245
Annual taxes $3,600 $7,467 $9,414 $12,282 $5,571 $7,088 $7,930 $9,323 $5,559 $8,364 $10,298 $12,783
Required annual income before taxes $25,194 $51,607 $64,256 $82,776 $39,204 $49,143 $54,612 $63,546 $39,109 $57,437 $70,001 $86,028

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $69,639
Business & Financial Operations $55,043
Computer & Mathematical $62,626
Architecture & Engineering $66,976
Life, Physical, & Social Science $51,627
Community & Social Service $41,778
Legal $58,367
Education, Training, & Library $39,582
Arts, Design, Entertainment, Sports, & Media $34,296
Healthcare Practitioners & Technical $68,369
Healthcare Support $30,474
Protective Service $43,699
Food Preparation & Serving Related $24,294
Building & Grounds Cleaning & Maintenance $27,709
Personal Care & Service $25,656
Sales & Related $26,490
Office & Administrative Support $32,172
Farming, Fishing, & Forestry $24,416
Construction & Extraction $40,324
Installation, Maintenance, & Repair $41,483
Production $37,895
Transportation & Material Moving $31,938