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The living wage for a single adult with no children in North Carolina is $17.14, and the poverty wage is $6.19, according to Massachusetts Institute of Technology’s living wage calculator.
In North Carolina, a single person would need more like $43.12 an hour or $89,690 per year — roughly double MIT’s standard — to earn a living wage that affords them a life.
Arizona’s cost of housing is $18,685, over $4,000 more than the national average. Here the difference between the living wage and the actual median income is $10,980.
The LWC uses a complex methodology to determine a living wage, which it defines as “what one full-time worker must earn on an hourly basis to help cover the cost of their family’s minimum ...
Changes in the cost of living over time can be operationalized in a cost-of-living index. Cost of living calculations can be used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in cost of living between locations can be measured in terms of purchasing power parity rates.
North Carolina is the twenty-eighth richest state in the United States of America, with a per capita income of $20,307 (2000).
Depending on the cost of living in your state, your salary might not be enough to live comfortably. Here's a look at the living wage you need in every state.
List of states by adjusted per capita personal income estimates the per capita personal income of residents of U.S. states adjusted by differences in the cost of living, called "regional price parities" by the U.S. Bureau of Economic Analysis. The BEA defines regional price parities as an estimate of "the differences in price levels across states and metropolitan areas for a given year and are ...