It’s essential to make about $25 an hour to reside independently within the 25 largest cities in the USA.
Here is a median: You may want extra in cities like San Francisco or Boston, and fewer in cities like San Antonio or Detroit. That quantity covers an individual’s primary bills, comparable to housing in a studio condo, meals, well being care and transportation, in line with estimates from the nonprofit Financial Coverage Institute’s Residing Wage Family Price range Calculator.
Based mostly on a 40-hour work week, a wage of $25 per hour equates to $52,000 per 12 months. However within the 25 largest cities, almost half have a residing wage that’s twice the native minimal wage. In lots of of those markets, the minimal wage is lower than $15 an hour. In some cities, the minimal wage is as little as $7.25 an hour – the federal minimal wage.
Many single individuals incomes the minimal wage have issue masking primary bills on their wage alone and depend on household or authorities help to get by. EPI’s residing wage estimates don’t embody different attainable sources of funding.
Minimal wage earners may additionally make sacrifices, comparable to giving up proudly owning a automotive or skipping medical health insurance. Having employer-sponsored medical health insurance definitely helps: It reduces the residing wage in America’s 25 largest cities by about $2 an hour, in line with EPI estimates.
Here’s a rating of the 25 most populous metro areas with the very best minimal wages wanted to satisfy the requirements of life:
1. San Francisco
- Hourly price required to cowl primary bills: $35.98
- Hourly minimal wage: $18.07 ($20 for quick meals staff)
2. Boston
- Hourly price to cowl base bills: $34.02
- Hourly minimal wage: 15 {dollars}
3.New York
- Hourly price to cowl base bills: $33.58
- Hourly minimal wage: $16
4. Seattle
- Hourly price to cowl base bills: $31.93
- Hourly minimal wage: $19.97 (for many staff)
5. San Diego
- Hourly price to cowl base bills: $30.46
- Hourly minimal wage: $16.85 ($20 for quick meals staff)
6. Washington, D.C.
- Hourly price to cowl base bills: $28.89
- Hourly minimal wage: $17.50
7. Los Angeles
- Hourly price to cowl base bills: $26.81
- Hourly minimal wage: $16.90 ($20 for quick meals staff)
8. Atlanta
- Hourly price to cowl base bills: $26.63
- Hourly minimal wage: $7.25
9. Denver
- Hourly price to cowl base bills: $25.85
- Hourly minimal wage: $18.29
10. Portland, Oregon
- Hourly price to cowl base bills: $25.67
- Hourly minimal wage: $15.45
11. Orlando
- Hourly price to cowl base bills: $25.51
- Hourly minimal wage: $12
12. Inland Empire, California
- Hourly price to cowl base bills: $25.34
- Hourly minimal wage: $16 ($20 for quick meals staff)
13. Miami
- Hourly price to cowl base bills: $24.97
- Hourly minimal wage: $12
14. Phoenix
- Hourly price to cowl base bills: $24.78
- Hourly minimal wage: $14.35
15.Charlotte
- Hourly price to cowl base bills: $24.48
- Hourly minimal wage: $7.25
16. Tampa Bay
- Hourly price to cowl base bills: $24.32
- Hourly minimal wage: $12
17.Dallas
- Hourly price to cowl base bills: $23.84
- Hourly minimal wage: $7.25
18. Chicago
- Hourly price to cowl base bills: $23.72
- Hourly minimal wage: 15 {dollars} (for many staff)
19. Philadelphia
- Hourly price to cowl base bills: $23.39
- Hourly minimal wage: $7.25
20. Baltimore
- Hourly price to cowl base bills: $23.13
- Hourly minimal wage: 15 {dollars}
21. Minneapolis-St. paul
- Hourly price to cowl base bills: $22.81
- Hourly minimal wage: $15.57 (from July 1st)
22.Houston
- Hourly price to cowl base bills: $21.56
- Hourly minimal wage: $7.25
23. St. Louis
- Hourly price to cowl base bills: $20.39
- Hourly minimal wage: $12.30
24. San Antonio
- Hourly price to cowl base bills: $20.29
- Hourly minimal wage: $7.25
25. Detroit
- Hourly price to cowl base bills: $19.70
- Hourly minimal wage: $10.33
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