Living Wage Calculator — What Does It Cost to Live in Your City and State?

This interactive tool developed by MIT lets you pick any state and city in the US to find (a) the living wage needed to meet a minimum standard of living, the poverty wage, and the legal minimum wage, along with a lot of supporting data for where the figures come from.

From the website (http://livingwage.mit.edu):

Introduction to the Living Wage Calculator

In many American communities, families working in low-wage jobs make insufficient income to live locally given the local cost of living. Recently, in a number of high-cost communities, community organizers and citizens have successfully argued that the prevailing wage offered by the public sector and key businesses should reflect a wage rate required to meet minimum standards of living. Therefore we have developed a living wage calculator to estimate the cost of living in your community or region. The calculator lists typical expenses, the living wage and typical wages for the selected location.

The original calculator was modeled after the Economic Policy Institute's metropolitan living wage tool. Users should know there are many researchers contributing tools and resources to the movement to achieve living wages. Diana Pearce at the University of Washington, Seattle is an important contributor to the living wage movement. Her work provides an alternative calculator.
Our tool is designed to provide a minimum estimate of the cost of living for low wage families. The estimates do not reflect a middle class standard of living. The realism of the estimates depend on the type of community under study. Metropolitan counties are typically locations of high cost. In such cases, the calculator is likely to underestimate costs such as housing and child care. Consider the results a minimum cost threshold that serves as a benchmark, but only that. Users can substitute local data when available to generate more nuanced estimates. Adjustments to account for local conditions will provide greater realism and potentially increase the accuracy of the tool. As developed, the tool is meant to provide one perspective on the cost of living in America.


Click here to visit the Living Wage Calculator.

Thanx and a tip o' the Hatlo Hat to Michael McCulley, aka @DrWeb2 on Twitter.