You will must earn round $25 per hour to dwell by yourself in america’ 25 largest cities.
That is a median determine: You will want extra in cities like San Francisco or Boston, and fewer in San Antonio or Detroit. The cash covers a single individual’s fundamental bills like housing in a studio house, meals, well being care and transportation, primarily based on estimates from the nonprofit Financial Coverage Institute’s Dwelling Wage Household Price range calculator.
A $25 per hour wage works out to $52,000 per 12 months, primarily based on a 40-hour work week. However in practically half of the 25 largest cities, the dwelling wage is double that of the native minimal wage. In lots of of those markets, the minimal wage is lower than $15 per hour. In some cities, minimal wage is as little as $7.25 per hour — the federal minimal.
Many solo minimum-wage earners battle to afford fundamental bills primarily based on their wages alone, and as such, depend on household or authorities help to get by. EPI’s dwelling wage estimates do not embrace these different attainable sources of cash.
Minimal-wage earners may additionally make sacrifices like forgoing automobile possession or skipping on well being care insurance coverage. Having employer-sponsored medical health insurance definitely helps: It shaves roughly $2 off the hourly dwelling wage within the 25 largest U.S. cities, in line with EPI’s estimates.
This is a have a look at these 25 most-populated metro areas, ranked by the best minimal wage wanted to cowl requirements:
1. San Francisco
- Hourly wage wanted to cowl fundamental prices: $35.98
- Hourly minimal wage: $18.07 ($20 for quick meals employees)
2. Boston
- Hourly wage to cowl fundamental prices: $34.02
- Hourly minimal wage: $15
3. New York
- Hourly wage to cowl fundamental prices: $33.58
- Hourly minimal wage: $16
4. Seattle
- Hourly wage to cowl fundamental prices: $31.93
- Hourly minimal wage: $19.97 (for many employees)
5. San Diego
- Hourly wage to cowl fundamental prices: $30.46
- Hourly minimal wage: $16.85 ($20 for quick meals employees)
6. Washington, DC
- Hourly wage to cowl fundamental prices: $28.89
- Hourly minimal wage: $17.50
7. Los Angeles
- Hourly wage to cowl fundamental prices: $26.81
- Hourly minimal wage: $16.90 ($20 for quick meals employees)
8. Atlanta
- Hourly wage to cowl fundamental prices: $26.63
- Hourly minimal wage: $7.25
9. Denver
- Hourly wage to cowl fundamental prices: $25.85
- Hourly minimal wage: $18.29
10. Portland, Oregon
- Hourly wage to cowl fundamental prices: $25.67
- Hourly minimal wage: $15.45
11. Orlando
- Hourly wage to cowl fundamental prices: $25.51
- Hourly minimal wage: $12
12. Inland Empire, California
- Hourly wage to cowl fundamental prices: $25.34
- Hourly minimal wage: $16 ($20 for quick meals employees)
13. Miami
- Hourly wage to cowl fundamental prices: $24.97
- Hourly minimal wage: $12
14. Phoenix
- Hourly wage to cowl fundamental prices: $24.78
- Hourly minimal wage: $14.35
15. Charlotte
- Hourly wage to cowl fundamental prices: $24.48
- Hourly minimal wage: $7.25
16. Tampa Bay
- Hourly wage to cowl fundamental prices: $24.32
- Hourly minimal wage: $12
17. Dallas
- Hourly wage to cowl fundamental prices: $23.84
- Hourly minimal wage: $7.25
18. Chicago
- Hourly wage to cowl fundamental prices: $23.72
- Hourly minimal wage: $15 (for many employees)
19. Philadelphia
- Hourly wage to cowl fundamental prices: $23.39
- Hourly minimal wage: $7.25
20. Baltimore
- Hourly wage to cowl fundamental prices: $23.13
- Hourly minimal wage: $15
21. Minneapolis-St. Paul
- Hourly wage to cowl fundamental prices: $22.81
- Hourly minimal wage: $15.57 (beginning July 1)
22. Houston
- Hourly wage to cowl fundamental prices: $21.56
- Hourly minimal wage: $7.25
23. St. Louis
- Hourly wage to cowl fundamental prices: $20.39
- Hourly minimal wage: $12.30
24. San Antonio
- Hourly wage to cowl fundamental prices: $20.29
- Hourly minimal wage: $7.25
25. Detroit
- Hourly wage to cowl fundamental prices: $19.70
- Hourly minimal wage: $10.33
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