Living Wage Calculator - Living Wage Calculation for California (2024)

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Living Wage Calculator - Living Wage Calculation for California? ›

California ranks number 4 out of 50 states nationwide for 30$ An Hour job salaries. To estimate the most accurate annual salary range for 30$ An Hour jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.

California ranks number 4 out of 50 states nationwide for 30$ An Hour job salaries. To estimate the most accurate annual salary range for 30$ An Hour jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.

An analysis of the living wage (as calculated in December 2022 and reflecting a compensation being offered to an individual in 2023), compiling geographically specific expenditure data for food, childcare, health care, housing, transportation, and other necessities, finds that: The living wage in the United States is ...

If you are a single person in Los Angeles making around $70,000 a year, you are still considered low-income, according to a new statewide study. The California Department of Housing and Community Development released the report in June and found that income limits have increased in most counties across California.

As of May 25, 2024, the average hourly pay for a $70000 in California is $21.94 an hour. While ZipRecruiter is seeing salaries as high as $35.35 and as low as $15.42, the majority of $70000 salaries currently range between $18.99 (25th percentile) to $22.79 (75th percentile) in California.

SmartAsset says a single working adult must earn at least $114,000, or about $55 an hour, to support themselves in the Golden State. When it comes to a basic “living wage,” MIT says a single adult in California needs to earn $27.32 per hour or $56,800 per year.

The living wage is calculated by first establishing the cost for the basic but decent life in a specific region, inclusive of food, housing, education, healthcare, transportation, clothing and other essential needs for a family including unexpected events. The exact costs reflect local items and prices.

“The minimum wage, in almost every location in the United States does not cover a living wage,” Glasmeier said. She said even the highest minimum wage, $17 an hour, doesn't cut it. A livable wage, nationwide, would be closer to $25 an hour, according to her research.

But just how much does a single person in California need to make to live comfortably? A new study from Smart Asset determined that a person must make at least $ 89,190 to get by comfortably.

Is $27 an hour a lot of money? ›

A 27 Dollars An Hour in your area makes on average $79,424 per year, or $1 (0.014%) more than the national average annual salary of $77,100. ranks number 1 out of 50 states nationwide for 27 Dollars An Hour salaries.

Earning $25 per hour puts you well above the poverty line, especially if you're single. With careful budgeting and financial planning, $25 is still a viable hourly wage. Even though it's not a particularly high hourly rate, it's still well above the minimum wage rate in most areas.

The good stuff: calculating your hourly wage

To get this figure, divide your annual salary ($100,000) by the total number of hours you work in a year (2,080 if you work a consistent 40-hour week). The result? You're making $48.08 per hour. So, $100k a year is roughly $48 an hour.

If you make $100,000 a year living in the region of California, USA, you will be taxed $29,959. That means that your net pay will be $70,041 per year, or $5,837 per month. Your average tax rate is 30.0% and your marginal tax rate is 42.6%.

$15.19 is the 25th percentile. Wages below this are outliers. $23.94 is the 75th percentile.

$45,568 is the 25th percentile. Salaries below this are outliers. $78,264 is the 75th percentile.

Earning $30 an hour results in a yearly income of $62,400, which surpasses the national average income of $48,672 per year but falls below the median salary of $68,703 per year. Nonetheless, it is an excellent salary for someone who holds only a high school diploma or lacks a college degree.

As of May 24, 2024, the average hourly pay for a 28 Dollars An Hour in California is $27.66 an hour. While ZipRecruiter is seeing salaries as high as $41.28 and as low as $13.05, the majority of 28 Dollars An Hour salaries currently range between $18.03 (25th percentile) to $29.42 (75th percentile) in California.