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 $11.88 $24.18 $28.51 $35.57 $18.43 $22.89 $25.26 $29.24 $9.20 $13.34 $15.49 $18.44
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 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46 $8.46

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 $3,010 $4,446 $6,682 $8,863 $5,518 $6,877 $8,872 $10,802 $5,518 $6,877 $8,872 $10,802
Child Care $0 $6,932 $10,449 $13,966 $0 $0 $0 $0 $0 $6,932 $10,449 $13,966
Medical $2,485 $7,905 $7,616 $7,737 $5,894 $7,616 $7,737 $7,638 $5,894 $7,616 $7,737 $7,638
Housing $9,060 $11,736 $11,736 $16,596 $9,120 $11,736 $11,736 $16,596 $9,060 $11,736 $11,736 $16,596
Transportation $4,322 $8,425 $10,689 $11,645 $8,425 $10,689 $11,645 $12,206 $8,425 $10,689 $11,645 $12,206
Other $2,812 $4,688 $4,867 $6,123 $4,688 $4,867 $6,123 $6,126 $4,688 $4,867 $6,123 $6,126
Required annual income after taxes $21,689 $44,132 $52,040 $64,929 $33,645 $41,786 $46,112 $53,369 $33,585 $48,718 $56,561 $67,335
Annual taxes $3,026 $6,156 $7,260 $9,058 $4,694 $5,829 $6,433 $7,445 $4,685 $6,796 $7,890 $9,393
Required annual income before taxes $24,715 $50,288 $59,299 $73,986 $38,339 $47,615 $52,545 $60,814 $38,271 $55,514 $64,452 $76,728

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $69,172
Business & Financial Operations $54,951
Computer & Mathematical $60,278
Architecture & Engineering $59,901
Life, Physical, & Social Science $42,916
Community & Social Service $41,351
Legal $82,427
Education, Training, & Library $51,089
Arts, Design, Entertainment, Sports, & Media $36,116
Healthcare Practitioners & Technical $66,458
Healthcare Support $30,637
Protective Service $42,276
Food Preparation & Serving Related $21,468
Building & Grounds Cleaning & Maintenance $25,951
Personal Care & Service $22,840
Sales & Related $26,327
Office & Administrative Support $31,165
Farming, Fishing, & Forestry $23,521
Construction & Extraction $37,244
Installation, Maintenance, & Repair $33,818
Production $31,237
Transportation & Material Moving $28,563