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 $15.21 $30.86 $38.55 $49.70 $24.96 $31.13 $35.91 $39.68 $12.33 $17.35 $21.52 $25.19
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 $6,204 $12,408 $18,612 $0 $0 $0 $0 $0 $6,204 $12,408 $18,612
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 $7,989 $10,862 $10,862 $14,476 $8,530 $10,862 $10,862 $14,476 $7,989 $10,862 $10,862 $14,476
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 $27,909 $55,844 $69,214 $87,562 $46,334 $57,066 $65,360 $71,914 $45,793 $63,270 $77,768 $90,526
Annual taxes $3,725 $8,352 $10,979 $15,811 $5,588 $7,694 $9,324 $10,612 $5,492 $8,913 $11,762 $14,269
Required annual income before taxes $31,633 $64,196 $80,193 $103,373 $51,922 $64,760 $74,684 $82,526 $51,285 $72,183 $89,530 $104,796

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $101,676
Business & Financial Operations $68,126
Computer & Mathematical $78,908
Architecture & Engineering $83,418
Life, Physical, & Social Science $65,336
Community & Social Service $51,367
Legal $81,191
Education, Training, & Library $53,153
Arts, Design, Entertainment, Sports, & Media $52,216
Healthcare Practitioners & Technical $68,159
Healthcare Support $25,921
Protective Service $49,879
Food Preparation & Serving Related $24,498
Building & Grounds Cleaning & Maintenance $29,449
Personal Care & Service $25,810
Sales & Related $31,588
Office & Administrative Support $40,088
Farming, Fishing, & Forestry $39,438
Construction & Extraction $41,896
Installation, Maintenance, & Repair $47,607
Production $38,214
Transportation & Material Moving $37,475