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 $15.18 $32.06 $40.39 $52.61 $25.78 $31.69 $36.46 $40.43 $12.31 $17.95 $22.44 $26.53
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 $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 $3,926 $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 $7,321 $14,643 $21,964 $0 $0 $0 $0 $0 $7,321 $14,643 $21,964
Medical $3,058 $9,474 $9,484 $9,409 $7,097 $9,484 $9,409 $9,562 $7,097 $9,484 $9,409 $9,562
Housing $7,932 $11,820 $11,820 $15,792 $9,960 $11,820 $11,820 $15,792 $7,932 $11,820 $11,820 $15,792
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 $27,852 $57,919 $72,406 $92,230 $47,764 $58,023 $66,318 $73,230 $45,736 $65,344 $80,961 $95,194
Annual taxes $3,713 $8,760 $11,607 $17,195 $5,867 $7,883 $9,512 $10,871 $5,482 $9,321 $12,390 $15,187
Required annual income before taxes $31,565 $66,679 $84,013 $109,426 $53,631 $65,906 $75,830 $84,101 $51,218 $74,665 $93,350 $110,381

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $86,130
Business & Financial Operations $62,624
Computer & Mathematical $79,603
Architecture & Engineering $82,745
Life, Physical, & Social Science $65,358
Community & Social Service $52,161
Legal $61,477
Education, Training, & Library $53,638
Arts, Design, Entertainment, Sports, & Media $42,370
Healthcare Practitioners & Technical $68,787
Healthcare Support $25,711
Protective Service $53,252
Food Preparation & Serving Related $24,190
Building & Grounds Cleaning & Maintenance $29,923
Personal Care & Service $25,017
Sales & Related $30,805
Office & Administrative Support $39,702
Farming, Fishing, & Forestry $25,480
Construction & Extraction $41,874
Installation, Maintenance, & Repair $50,915
Production $37,982
Transportation & Material Moving $33,120