Living Wage Calculation for Waterloo-Cedar Falls, IA

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 $15.89 $32.39 $41.33 $54.35 $25.36 $31.03 $37.43 $40.20 $12.42 $17.98 $23.72 $27.60
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 $3,423 $5,044 $7,577 $10,050 $6,275 $7,809 $10,068 $12,257 $6,275 $7,809 $10,068 $12,257
Child Care $0 $8,065 $16,129 $24,194 $0 $0 $0 $0 $0 $8,065 $16,129 $24,194
Medical $2,766 $8,373 $8,160 $8,470 $5,769 $8,160 $8,470 $8,259 $5,769 $8,160 $8,470 $8,259
Housing $7,012 $9,933 $9,933 $13,045 $7,878 $9,933 $9,933 $13,045 $7,012 $9,933 $9,933 $13,045
Transportation $5,305 $9,414 $12,239 $14,456 $9,414 $12,239 $14,456 $15,700 $9,414 $12,239 $14,456 $15,700
Civic $2,894 $4,646 $5,741 $7,496 $4,646 $5,741 $7,496 $5,959 $4,646 $5,741 $7,496 $5,959
Other $4,939 $7,366 $6,739 $9,804 $7,366 $6,739 $9,804 $9,484 $7,366 $6,739 $9,804 $9,484
Required annual income after taxes $26,463 $52,964 $66,640 $87,638 $41,472 $50,743 $60,350 $64,826 $40,606 $58,808 $76,479 $89,019
Annual taxes $6,579 $14,412 $19,325 $25,414 $11,285 $13,807 $17,501 $18,799 $11,049 $16,002 $22,178 $25,815
Required annual income before taxes $33,042 $67,376 $85,964 $113,052 $52,756 $64,550 $77,851 $83,625 $51,655 $74,809 $98,658 $114,834

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $91,389
Business & Financial Operations $62,584
Computer & Mathematical $73,541
Architecture & Engineering $82,037
Life, Physical, & Social Science $58,743
Community & Social Service $48,278
Legal $52,558
Education, Training, & Library $55,201
Arts, Design, Entertainment, Sports, & Media $39,804
Healthcare Practitioners & Technical $62,916
Healthcare Support $32,218
Protective Service $45,218
Food Preparation & Serving Related $25,049
Building & Grounds Cleaning & Maintenance $35,695
Personal Care & Service $23,369
Sales & Related $28,633
Office & Administrative Support $39,718
Farming, Fishing, & Forestry $43,945
Construction & Extraction $50,333
Installation, Maintenance, & Repair $50,632
Production $42,843
Transportation & Material Moving $39,440