Living Wage Calculation for St. Louis County, Missouri
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $16.73 | $37.72 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $11.15 | $11.15 |
What is considered a good salary in St Louis?
While ZipRecruiter is seeing salaries as high as $131,056 and as low as $19,755, the majority of salaries within the Average jobs category currently range between $47,700 (25th percentile) to $71,310 (75th percentile) with top earners (90th percentile) making $86,728 annually in St. Louis.
What salary do you need to live comfortably in St Louis?
The average salary needed to live comfortably across all of the major metro areas is $57,013, according to SmartAsset.
What is considered a good salary in Missouri?
While ZipRecruiter is seeing salaries as high as $117,568 and as low as $17,722, the majority of salaries within the Average jobs category currently range between $42,791 (25th percentile) to $63,970 (75th percentile) with top earners (90th percentile) making $77,802 annually in Missouri.
What is a liveable wage in Missouri?
Living Wage
| Year | Hourly Rate |
|---|---|
| 2018 | $10 |
| 2019 | $11.25 |
| 2020 | $12.50 |
| 2021 | $13.75 |
Is 84k a good salary for a single person?
Depending on the size of your family, $80,000 can comfortably cover living expenses and beyond. According to the U.S census as of 2020, the median salary for a four-person household is $68,400 per year, making 80K a substantially higher income than that of the average American.
Is St. Louis a cheap place to live?
It’s no surprise St. Louis ranked high in the study of housing affordability and cost-of-living factors. Last year’s ranking put the Lou as the 13th most affordable city.
What salary is considered comfortable?
This popular general budgeting rule allocates 50% of annual income to necessities like housing, 30% to discretionary expenses like travel, and the remaining 20% to savings. The median necessary living wage across the entire US is $67,690.
What is the poverty rate in St. Louis?
The poverty rate in the St. Louis region was 10.4 percent in 2020, a decline from 12.9 percent in 2010. The number of people in poverty declined 21 percent over this time period, from 332,000 to 263,285. In 2020, the poverty threshold for a family of four was $26,496.1 The poverty rate of the counties in the St.
How much money does a single person need to live comfortably?
It helps to use what’s called the 50-30-20 rule. In general, you’ll want your monthly necessities (housing, transportation, etc) to be around 50% of your monthly net income. This means it should be under $2,000 based on a $60,000 income. That is where the 50 in the 50-20-30 rule comes from.
What is considered a living wage?
$16.54 per hour
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 job pays the most in Missouri?
Detailed List Of Highest Paying Jobs In Missouri
| Rank | Job Title | Entry Level Salary |
|---|---|---|
| 1 | Medical Director | $127,000 |
| 2 | Chief Executive Officer/chief Technology Officer | $130,000 |
| 3 | Chief Medical Officer | $125,000 |
| 4 | President & Chief Technology Officer | $128,000 |
What is the median salary in Missouri?
Households in Missouri have a median annual income of $57,409, which is less than the median annual income of $65,712 across the entire United States. This is in comparison to a median income of $54,478 in 2018, which represents a 5.38% annual growth.
What is the Missouri poverty line?
2021 – 2022 Federal Poverty Guidelines (effective 01/12/22)
| 100 % of Poverty | ||
|---|---|---|
| 1 | $ 13,590 | $ 1,133 |
| 2 | $ 18,310 | $ 1,526 |
| 3 | $ 23,030 | $ 1,919 |
| 4 | $ 27,750 | $ 2,313 |
What is the living wage 2021?
Rates from 1 April 2021
| 23 and over | 21 to 22 | |
|---|---|---|
| April 2021 to March 2022 | £8.91 | £8.36 |
What is a living wage 2022?
Applied to the 2019 MIT calculation, that would make a statewide living wage in 2022 roughly $20 and the poverty wage an estimated $7. Both estimates are a little lower than the true wages, because according to Leigh, California’s inflation is usually higher than the U.S.
How much is $75 000 a year hourly?
$38.46
If you make $75,000 per year, your hourly salary would be $38.46. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 37.5 hours a week.
How much is 90k a year hourly?
Results. A salary of $90,000 equates to a monthly pay of $7,500, weekly pay of $1,731, and an hourly wage of $43.27.
How much is 70k a year hourly?
$33.65
A salary of $70,000 equates to a monthly pay of $5,833, weekly pay of $1,346, and an hourly wage of $33.65.
Is St. Louis cheaper than Chicago?
The cost of living in Chicago, IL is 21.8% higher than in Saint Louis, MO. You would have to earn a salary of $73,086 to maintain your current standard of living. Employers in Chicago, IL typically pay 7.7% more than employeers in Saint Louis, MO.
Why is St. Louis so empty?
The reason there are thousands of abandoned buildings in St. Louis is because there is poverty, a lack of investment, and a legacy of government policy that clearly favored suburbanization. Chesterfield has but a few abandoned houses.
