See the data sources and components for food, childcare, health care, housing, and more. A new smartasset study, completed using the mit living wage calculator, found that in most large u. s. Cities, the income required to live comfortably surpasses the national median household income. We developed a living wage calculator to estimate the cost of living in your community or region based on typical expenses. The tool helps individuals, communities, and employers determine a local wage rate that allows residents to meet minimum standards of living.
The living wage calculator is used by companies, government officials, and activists to address income inequality and poverty. The mit living wage calculator lets you figure out how much is enough to live in your county by comparing the living wagebased on the barebones cost of housing, food, transportation, and child and health careagainst the poverty wage and the minimum wage. See full list on livingwage. mit. edu
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