Living Wage Calculation for Alabama
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $15.91 | $21.16 |
| Poverty Wage | $6.19 | $6.37 |
| Minimum Wage | $7.25 | $7.25 |
What is a liveable salary in the US?
The living wage in the United States is $16.54 per hour, or $68,808 per year, in 2019, before taxes for a family of four (two working adults, two children), compared to $16.14 in 2018. The minimum wage does not provide a living wage for most American families.
What is the minimum salary in Alabama?
$7.25
Alabama is one of five states that hasn’t adopted a state minimum wage law, so it adheres to the federal minimum wage of $7.25, which hasn’t changed since 2009.
What state has the best livable wage?
District of Columbia. The District of Columbia has the highest livable wage for an individual, at $20.80 an hour or $43,258 a year.
What is the median wage in Alabama?
Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 25.2 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $52,035 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $28,934 |
What is a good salary at 30?
From ages 25-34, the median wage is $60,000 and will increase to a median wage of $90,000 by ages 45-59. Compare that with a major in the health field, which has a median wage of $53,000 at ages 25-34 and grows to a median wage of $72,000 by ages 45-59.
How much does the average 30 year old make?
What was the average and median income by age in 2021?
| Age | 25% | Median |
|---|---|---|
| 29 | $24,615.00 | $41,085.00 |
| 30 | $25,000.00 | $40,560.00 |
| 31 | $28,000.00 | $45,000.00 |
| 32 | $26,001.00 | $45,330.00 |
What is a good hourly wage in Alabama?
Hourly Salary in Alabama
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $53,404 | $26 |
| 75th Percentile | $37,596 | $18 |
| Average | $38,035 | $18 |
| 25th Percentile | $23,498 | $11 |
How much does McDonald’s pay in Alabama?
Average McDonald’s hourly pay ranges from approximately $7.25 per hour for Developmental Service Worker to $15.88 per hour for Operations Associate. The average McDonald’s salary ranges from approximately $16,000 per year for Assembler to $85,135 per year for Customer Service Associate / Cashier.
Is Alabama a good place to live?
Boasting some of the country’s most affordable home prices, lowest cost-of-living indexes, and relatively low taxes, Alabama is a very affordable state to live in. The median home value in Alabama in a given year ranges between $135,000 and $145,000, giving you much more value than other housing markets in the country.
What state has the lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
How much money does a single person need to live comfortably?
This means a single person needs to make at least $66,434 after taxes to live comfortably. After their basic living expenses are covered, an individual could spend $19,930 on wants and set $13,287 aside for savings or debt paydown.
Is 16 an hour enough to live on?
Yes, you can do it, and as you can see that it is possible with the sample budget of $16 per hour. Living in a higher cost of living area would be more difficult. So, you may have to get a little creative. For example, you might have to have a roommate.
What is a comfortable salary in Alabama?
While ZipRecruiter is seeing salaries as high as $72,631 and as low as $20,935, the majority of salaries within the Comfortable jobs category currently range between $24,779 (25th percentile) to $38,878 (75th percentile) with top earners (90th percentile) making $55,540 annually in Alabama.
What is middle class income in Alabama?
Here are the income levels that qualify Alabamians as middle class: 2-person family middle class income range: $37,172.94 to $110,964. 3-person family middle-class income range: $42,604.63 to $127,178. 4-person family middle-class income range: $52,438.89 to $156,534.
What is the poverty line in Alabama?
Alabama is the fifth poorest state in the U.S., and 16.8% of Alabamians live below the federal poverty threshold – a noticeably larger percentage than the national average of 13.1%. The federal poverty thresholds range from $12,784 for one person to $25,701 for a family of four.
At what age does salary peak?
According to the Bureau of Labor Statistics, workers earn the most when they are between the ages of 35 and 54. The biggest jump happens when you move from the 25-to-34 to the 35-to-44 age bracket.
How much should a 32 year old make?
Average Salary for Ages 25-34
For Americans ages 25 to 34, the median salary is $960 per week, or $49,920 per year. That’s a big jump from the median salary for 20- to 24-year-olds.
What does the average 33 year old make?
Individual incomes here are limited to Americans who worked (or wanted to work) in full-year 2020. Incomes are gross (pre-tax) – and earned between January and December 2020. It’s the newest data to this point in 2022.
Age 65: $279,005.00.
| Age | Top 1% |
|---|---|
| 33 | $270,000.00 |
| 34 | $271,219.00 |
| 35 | $393,001.00 |
| 36 | $351,825.00 |
What salary is upper class?
In 2021, the median household income is roughly $68,000. An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
What salary is considered rich?
For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.