What Is A Livable Salary In St. Louis?

Living Wage Calculation for St. Louis County, Missouri

What is a good living salary in Missouri?

Typical Expenses

What is a comfortable salary in Missouri?

$3,534 is the 25th percentile. Salaries below this are outliers. $7,141 is the 90th percentile. Salaries above this are outliers.
What are Top 10 Highest Paying Cities for Average Jobs in Missouri.

What is the median salary in St. Louis?

The median household income for white households in St. Louis is nearly twice that of black households. White households have the highest median income of $55,000. Black households have the lowest median income of $28,000, followed by Hispanic households with $34,200.

What is a realistic living wage?

California. California’s living wage is $19.41, or $40,371 a year for an individual. A family of four requires $27.42, or $101,378 a year. Childcare costs will cost a family with two working adults $22,259 a year, slightly more than the $24,682 they can expect to spend on housing.

What is considered middle class in Missouri?

The middle class is usually defined as the group of earners in the center of the earning scale.
How much you have to earn to be middle class in every state.

What is considered rich in Missouri?

According to the report, here is how much does it take to be considered “rich” in Kansas City, Missouri: Lowest Income to be Considered “Rich” (Top 20%): $109,276. Average Income of the Top 20%: $190,266. Average Income of the Top 5%: $336,124.

What is considered low income in Missouri?

You must have a net household income of less than $885 per month if single or widowed. You must have a net household income of less than $1,198 per month if married. Your assets cannot exceed $2,000 if single. Your household assets cannot exceed $4,000 if married.

Is St Louis cheap to live?

Overall, St. Louis has a lower cost of living compared to the U.S. average. All factors, including grocery, health, utilities and transportation are below the national average, according to BestPlaces.net. In reference to housing costs, St.

What is upper class in St. Louis?

While ZipRecruiter is seeing salaries as high as $98,512 and as low as $19,222, the majority of salaries within the Upper Class jobs category currently range between $37,002 (25th percentile) to $64,393 (75th percentile) with top earners (90th percentile) making $79,770 annually in St. Louis.

Is St. Louis a good place to live?

Louis ranks among the best places to live. According to the 2019 U.S. News & World Report, St. Louis ranks among the best places to live in the U.S., coming in at number 81 of 125 cities.

What is minimum wage in St. Louis?

With the passage of Proposition B, Missouri’s minimum wage was set to increase from $7.85 in 2018 to the following: $9.45 in 2020. $10.30 in 2021. $11.15 in 2022.

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.

Can you live off 15 an hour?

The answer is… yes, you can live off $15 an hour…as long as you live in a city with a low cost of living index and do not have dependents. However, depending on how frugal you are, you likely won’t have much money left over at the end of the month for many ‘extras’.

Is it possible to live alone on minimum wage?

Judging by Kai’s story, it looks like it is just barely possible to live on minimum wage — in some cases. A single person with no debts can stretch an income of $1,125 per month to cover all the necessities of life, but they’ll have nothing left over for savings.

What percentage of Americans make over 100k?

The individual annual income of 24% of Americans exceeded $100,000 in 2020. The annual income of 34% of American households exceeds $100,000. In the five years to 2022, American households earning over $100,000 a year increased by 4.1%.

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.

What salary is considered high class?

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 is middle class income St Louis?

Trends in St Louis, MO Nominal Median Household Income since 2005. At $66,417, the median household income for St louis was at a new nominal high in 2019.

What is the poorest town in Mo?

(The Center Square) – Unionville was ranked the poorest town in Missouri in a 24/7 Wall St. analysis examining small, lower-income communities where households earn much less than the nation’s median annual household income.

Is Saint Louis a wealthy city?

LOUIS — St. Louis is home to the richest ZIP code in Missouri. It also is home to the poorest. The four Missouri ZIPs with the highest median household income are all located in west St.