Living Wage Calculation for Punta Gorda, FL

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 $16.43 $34.49 $44.53 $59.64 $26.31 $32.61 $37.38 $42.38 $12.82 $19.17 $24.41 $29.78
Poverty Wage $6.53 $8.80 $11.07 $13.34 $8.80 $11.07 $13.34 $15.61 $4.40 $5.54 $6.67 $7.81
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 $3,926 $5,795 $8,707 $11,540 $7,198 $8,966 $11,564 $14,071 $7,198 $8,966 $11,564 $14,071
Child Care $0 $9,953 $19,906 $29,858 $0 $0 $0 $0 $0 $9,953 $19,906 $29,858
Medical $3,184 $9,190 $9,200 $9,126 $6,832 $9,200 $9,126 $9,279 $6,832 $9,200 $9,126 $9,279
Housing $9,984 $13,704 $13,704 $19,464 $11,136 $13,704 $13,704 $19,464 $9,984 $13,704 $13,704 $19,464
Transportation $5,477 $9,851 $12,045 $14,484 $9,851 $12,045 $14,484 $15,530 $9,851 $12,045 $14,484 $15,530
Civic $3,074 $6,107 $6,821 $9,300 $6,107 $6,821 $9,300 $7,395 $6,107 $6,821 $9,300 $7,395
Other $4,253 $7,420 $8,755 $9,610 $7,420 $8,755 $9,610 $10,749 $7,420 $8,755 $9,610 $10,749
Required annual income after taxes $30,030 $62,151 $79,270 $103,513 $48,675 $59,624 $67,918 $76,619 $47,523 $69,577 $87,824 $106,477
Annual taxes $4,141 $9,592 $13,352 $20,541 $6,046 $8,197 $9,827 $11,537 $5,819 $10,153 $13,738 $17,404
Required annual income before taxes $34,171 $71,743 $92,622 $124,053 $54,721 $67,821 $77,745 $88,155 $53,342 $79,729 $101,562 $123,881

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $84,212
Business & Financial Operations $63,660
Computer & Mathematical $86,141
Architecture & Engineering $60,992
Life, Physical, & Social Science $51,433
Community & Social Service $52,106
Legal $66,273
Education, Training, & Library $68,159
Arts, Design, Entertainment, Sports, & Media $42,723
Healthcare Practitioners & Technical $66,626
Healthcare Support $32,392
Protective Service $52,635
Food Preparation & Serving Related $27,905
Building & Grounds Cleaning & Maintenance $31,985
Personal Care & Service $31,069
Sales & Related $31,687
Office & Administrative Support $39,548
Farming, Fishing, & Forestry $31,003
Construction & Extraction $41,577
Installation, Maintenance, & Repair $41,918
Production $40,088
Transportation & Material Moving $32,856