Living Wage Calculation for Richmond, VA

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 $18.50 $36.23 $46.11 $60.49 $28.12 $34.71 $39.68 $44.13 $13.92 $20.00 $25.19 $30.16
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 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00

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 $9,114 $18,228 $27,342 $0 $0 $0 $0 $0 $9,114 $18,228 $27,342
Medical $3,247 $9,925 $9,935 $9,860 $6,748 $9,935 $9,860 $10,013 $6,748 $9,935 $9,860 $10,013
Housing $12,455 $14,492 $14,492 $18,970 $12,725 $14,492 $14,492 $18,970 $12,455 $14,492 $14,492 $18,970
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 $32,563 $62,835 $79,115 $101,237 $50,179 $61,147 $69,441 $76,859 $49,910 $70,261 $87,669 $104,201
Annual taxes $5,924 $12,519 $16,802 $24,578 $8,317 $11,048 $13,099 $14,928 $7,983 $12,919 $17,108 $21,252
Required annual income before taxes $38,487 $75,354 $95,917 $125,815 $58,496 $72,195 $82,541 $91,788 $57,893 $83,180 $104,777 $125,453

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $115,777
Business & Financial Operations $83,572
Computer & Mathematical $105,138
Architecture & Engineering $87,255
Life, Physical, & Social Science $69,162
Community & Social Service $53,451
Legal $89,030
Education, Training, & Library $55,039
Arts, Design, Entertainment, Sports, & Media $54,509
Healthcare Practitioners & Technical $71,731
Healthcare Support $32,095
Protective Service $51,367
Food Preparation & Serving Related $26,075
Building & Grounds Cleaning & Maintenance $31,731
Personal Care & Service $31,091
Sales & Related $32,690
Office & Administrative Support $41,907
Farming, Fishing, & Forestry $37,839
Construction & Extraction $51,533
Installation, Maintenance, & Repair $53,738
Production $41,885
Transportation & Material Moving $40,099