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 $10.61 $22.41 $26.38 $32.33 $17.71 $21.85 $24.22 $27.46 $8.67 $12.46 $14.43 $16.83
Poverty Wage $6.00 $8.13 $10.25 $12.38 $8.13 $10.25 $12.38 $14.50 $4.06 $5.13 $6.19 $7.25
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 $3,010 $4,446 $6,682 $8,863 $5,518 $6,877 $8,872 $10,802 $5,518 $6,877 $8,872 $10,802
Child Care $0 $5,603 $8,454 $11,306 $0 $0 $0 $0 $0 $5,603 $8,454 $11,306
Medical $2,425 $7,962 $7,673 $7,794 $6,241 $7,673 $7,794 $7,695 $6,241 $7,673 $7,794 $7,695
Housing $6,798 $9,779 $9,779 $13,293 $7,458 $9,779 $9,779 $13,293 $6,798 $9,779 $9,779 $13,293
Transportation $4,322 $8,425 $10,689 $11,645 $8,425 $10,689 $11,645 $12,206 $8,425 $10,689 $11,645 $12,206
Other $2,812 $4,688 $4,867 $6,123 $4,688 $4,867 $6,123 $6,126 $4,688 $4,867 $6,123 $6,126
Required annual income after taxes $19,367 $40,903 $48,145 $59,023 $32,330 $39,886 $44,212 $50,123 $31,670 $45,489 $52,666 $61,429
Annual taxes $2,702 $5,706 $6,716 $8,234 $4,510 $5,564 $6,168 $6,992 $4,418 $6,346 $7,347 $8,569
Required annual income before taxes $22,069 $46,608 $54,861 $67,257 $36,840 $45,450 $50,380 $57,115 $36,088 $51,834 $60,013 $69,998

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $87,682
Business & Financial Operations $59,973
Computer & Mathematical $61,670
Architecture & Engineering $78,330
Life, Physical, & Social Science $63,225
Community & Social Service $45,122
Legal $76,003
Education, Training, & Library $48,618
Arts, Design, Entertainment, Sports, & Media $44,654
Healthcare Practitioners & Technical $60,786
Healthcare Support $26,368
Protective Service $43,526
Food Preparation & Serving Related $20,187
Building & Grounds Cleaning & Maintenance $23,145
Personal Care & Service $20,777
Sales & Related $24,945
Office & Administrative Support $31,653
Farming, Fishing, & Forestry $22,251
Construction & Extraction $36,970
Installation, Maintenance, & Repair $38,047
Production $32,517
Transportation & Material Moving $30,545