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 $14.79 $29.49 $36.39 $47.64 $23.72 $28.94 $34.05 $37.18 $11.42 $16.37 $20.81 $24.27
Poverty Wage $6.19 $8.38 $10.56 $12.74 $8.38 $10.56 $12.74 $14.92 $4.19 $5.28 $6.37 $7.46
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 $3,351 $4,937 $7,417 $9,838 $6,143 $7,645 $9,856 $11,999 $6,143 $7,645 $9,856 $11,999
Child Care $0 $6,779 $13,559 $20,338 $0 $0 $0 $0 $0 $6,779 $13,559 $20,338
Medical $2,549 $8,920 $8,707 $9,016 $6,160 $8,707 $9,016 $8,805 $6,160 $8,707 $9,016 $8,805
Housing $7,932 $11,508 $11,508 $15,504 $9,504 $11,508 $11,508 $15,504 $7,932 $11,508 $11,508 $15,504
Transportation $5,509 $9,776 $12,709 $15,012 $9,776 $12,709 $15,012 $16,304 $9,776 $12,709 $15,012 $16,304
Civic $2,503 $4,019 $4,965 $6,483 $4,019 $4,965 $6,483 $5,153 $4,019 $4,965 $6,483 $5,153
Other $4,508 $6,723 $6,150 $8,948 $6,723 $6,150 $8,948 $8,655 $6,723 $6,150 $8,948 $8,655
Required annual income after taxes $26,475 $52,785 $65,138 $85,263 $42,448 $51,807 $60,946 $66,543 $40,876 $58,586 $74,505 $86,881
Annual taxes $4,292 $8,557 $10,560 $13,822 $6,881 $8,399 $9,880 $10,788 $6,627 $9,498 $12,078 $14,085
Required annual income before taxes $30,767 $61,342 $75,698 $99,085 $49,329 $60,205 $70,827 $77,330 $47,502 $68,083 $86,584 $100,966

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $88,853
Business & Financial Operations $56,945
Computer & Mathematical $76,430
Architecture & Engineering $74,900
Life, Physical, & Social Science $63,034
Community & Social Service $49,819
Legal $52,847
Education, Training, & Library $49,316
Arts, Design, Entertainment, Sports, & Media $40,553
Healthcare Practitioners & Technical $66,062
Healthcare Support $29,200
Protective Service $42,158
Food Preparation & Serving Related $21,828
Building & Grounds Cleaning & Maintenance $28,366
Personal Care & Service $22,534
Sales & Related $29,286
Office & Administrative Support $36,359
Farming, Fishing, & Forestry $24,717
Construction & Extraction $40,756
Installation, Maintenance, & Repair $45,978
Production $35,963
Transportation & Material Moving $31,811