Living Wage Calculation for Sherman-Denison, TX

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 $10.64 $22.62 $26.22 $32.35 $17.93 $21.76 $24.21 $27.02 $8.58 $12.39 $14.38 $16.56
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 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25

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 $2,994 $4,413 $6,644 $8,812 $5,489 $6,832 $8,822 $10,741 $5,489 $6,832 $8,822 $10,741
Child Care $0 $5,512 $8,317 $11,122 $0 $0 $0 $0 $0 $5,512 $8,317 $11,122
Medical $2,174 $7,820 $7,477 $7,559 $5,906 $7,477 $7,559 $7,278 $5,906 $7,477 $7,559 $7,278
Housing $6,816 $10,416 $10,416 $14,172 $8,220 $10,416 $10,416 $14,172 $6,816 $10,416 $10,416 $14,172
Transportation $4,623 $8,424 $9,905 $11,459 $8,424 $9,905 $11,459 $11,329 $8,424 $9,905 $11,459 $11,329
Other $2,824 $4,697 $5,099 $5,935 $4,697 $5,099 $5,935 $5,808 $4,697 $5,099 $5,935 $5,808
Required annual income after taxes $19,430 $41,281 $47,857 $59,059 $32,735 $39,729 $44,191 $49,328 $31,331 $45,241 $52,508 $60,450
Annual taxes $2,710 $5,759 $6,676 $8,239 $4,566 $5,542 $6,165 $6,881 $4,371 $6,311 $7,325 $8,433
Required annual income before taxes $22,140 $47,040 $54,534 $67,298 $37,301 $45,271 $50,356 $56,209 $35,701 $51,552 $59,833 $68,883

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $83,367
Business & Financial Operations $61,816
Computer & Mathematical $60,612
Architecture & Engineering $72,751
Life, Physical, & Social Science $57,865
Community & Social Service $48,782
Legal $53,586
Education, Training, & Library $50,705
Arts, Design, Entertainment, Sports, & Media $36,982
Healthcare Practitioners & Technical $59,326
Healthcare Support $27,559
Protective Service $44,842
Food Preparation & Serving Related $19,792
Building & Grounds Cleaning & Maintenance $23,702
Personal Care & Service $19,607
Sales & Related $27,271
Office & Administrative Support $33,238
Farming, Fishing, & Forestry $51,292
Construction & Extraction $37,888
Installation, Maintenance, & Repair $39,945
Production $33,906
Transportation & Material Moving $29,442