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 $11.78 $24.13 $29.81 $38.59 $18.13 $22.66 $25.36 $28.96 $9.05 $13.29 $16.32 $19.80
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 $10.50 $10.50 $10.50 $10.50 $10.50 $10.50 $10.50 $10.50 $10.50 $10.50 $10.50 $10.50

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 $3,573 $5,267 $7,929 $10,517 $6,551 $8,154 $10,529 $12,820 $6,551 $8,154 $10,529 $12,820
Child Care $0 $6,904 $12,809 $18,714 $0 $0 $0 $0 $0 $6,904 $12,809 $18,714
Medical $2,262 $7,455 $7,112 $7,194 $5,156 $7,112 $7,194 $6,913 $5,156 $7,112 $7,194 $6,913
Housing $7,980 $10,692 $10,692 $15,252 $8,040 $10,692 $10,692 $15,252 $7,980 $10,692 $10,692 $15,252
Transportation $4,206 $7,664 $9,011 $10,425 $7,664 $9,011 $10,425 $10,307 $7,664 $9,011 $10,425 $10,307
Other $2,976 $4,951 $5,375 $6,256 $4,951 $5,375 $6,256 $6,121 $4,951 $5,375 $6,256 $6,121
Required annual income after taxes $20,997 $42,932 $52,928 $68,358 $32,361 $40,344 $45,096 $51,414 $32,301 $47,248 $57,905 $70,128
Annual taxes $3,500 $7,254 $9,072 $11,903 $5,343 $6,783 $7,648 $8,820 $5,335 $8,039 $9,978 $12,224
Required annual income before taxes $24,497 $50,186 $62,000 $80,261 $37,704 $47,127 $52,744 $60,234 $37,636 $55,286 $67,883 $82,352

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $70,930
Business & Financial Operations $54,985
Computer & Mathematical $59,480
Architecture & Engineering $64,840
Life, Physical, & Social Science $48,638
Community & Social Service $40,645
Legal $74,212
Education, Training, & Library $40,871
Arts, Design, Entertainment, Sports, & Media $33,454
Healthcare Practitioners & Technical $67,700
Healthcare Support $30,131
Protective Service $52,526
Food Preparation & Serving Related $22,488
Building & Grounds Cleaning & Maintenance $25,759
Personal Care & Service $24,432
Sales & Related $25,049
Office & Administrative Support $32,322
Farming, Fishing, & Forestry $26,849
Construction & Extraction $39,822
Installation, Maintenance, & Repair $39,647
Production $36,355
Transportation & Material Moving $32,302