Living Wage Calculation for Waco, 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 $13.09 $26.53 $31.99 $40.57 $21.36 $26.16 $29.55 $31.78 $10.54 $14.57 $17.76 $20.37
Poverty Wage $6.13 $8.29 $10.44 $12.60 $8.29 $10.44 $12.60 $14.75 $4.14 $5.22 $6.30 $7.38
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 $3,177 $4,670 $6,990 $9,294 $5,825 $7,238 $9,305 $11,345 $5,825 $7,238 $9,305 $11,345
Child Care $0 $5,344 $10,688 $16,033 $0 $0 $0 $0 $0 $5,344 $10,688 $16,033
Medical $2,760 $8,866 $8,554 $8,694 $6,270 $8,554 $8,694 $8,347 $6,270 $8,554 $8,694 $8,347
Housing $7,686 $10,656 $10,656 $14,360 $8,188 $10,656 $10,656 $14,360 $7,686 $10,656 $10,656 $14,360
Transportation $5,113 $9,378 $11,672 $13,896 $9,378 $11,672 $13,896 $12,611 $9,378 $11,672 $13,896 $12,611
Civic $1,811 $3,889 $3,554 $4,127 $3,889 $3,554 $4,127 $3,982 $3,889 $3,554 $4,127 $3,982
Other $2,875 $4,687 $5,144 $6,216 $4,687 $5,144 $6,216 $6,235 $4,687 $5,144 $6,216 $6,235
Required annual income after taxes $23,423 $47,490 $57,259 $72,620 $38,237 $46,819 $52,895 $56,879 $37,735 $52,163 $63,583 $72,912
Annual taxes $3,797 $7,699 $9,283 $11,773 $6,199 $7,590 $8,575 $9,221 $6,117 $8,456 $10,308 $11,820
Required annual income before taxes $27,220 $55,189 $66,542 $84,393 $44,436 $54,409 $61,470 $66,100 $43,853 $60,619 $73,890 $84,732

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $86,274
Business & Financial Operations $60,800
Computer & Mathematical $64,288
Architecture & Engineering $78,355
Life, Physical, & Social Science $58,549
Community & Social Service $45,311
Legal $88,975
Education, Training, & Library $48,145
Arts, Design, Entertainment, Sports, & Media $46,405
Healthcare Practitioners & Technical $60,810
Healthcare Support $24,389
Protective Service $45,096
Food Preparation & Serving Related $20,901
Building & Grounds Cleaning & Maintenance $23,806
Personal Care & Service $23,724
Sales & Related $25,709
Office & Administrative Support $32,922
Farming, Fishing, & Forestry $23,878
Construction & Extraction $38,763
Installation, Maintenance, & Repair $39,346
Production $32,451
Transportation & Material Moving $30,835