Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Required annual income after taxes | $23,105 | $45,650 |
| Annual taxes | $4,850 | $9,583 |
| Required annual income before taxes | $27,955 | $55,232 |
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How much do you need to make to live comfortably in Indiana?
The study says you need to earn $46,016 a year to have enough money for needs and wants. However, the median income for the city is $42,076, a shortfall of $3,940. It’s important to note that the study’s calculation does not include taxes.
What is a good yearly salary in Indiana?
According to CityRating.com the average salary in the state of Indiana is $41,660. The United States city average is $49,808. Career Trends lists dozens of jobs and occupations with their corresponding annual salaries in the state of Indiana.
Is $17 an hour a livable wage?
When we ran all of our numbers to figure out how much is $17 per hour is as an annual salary, we used the average working day of 40 hours a week.
$17 Per Hour is…
| $17 per Hour – Full Time | Total Income |
|---|---|
| Weekly (40 Hours) | $680 |
| Bi-Weekly (80 Hours) | $1,360 |
| Daily Wage (8 Hours) | $136 |
| Net Estimated Monthly Income | $2,250 |
What is the average salary in Indiana?
Average Salary in Indiana
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $83,086 | $1,597 |
| 75th Percentile | $68,315 | $1,313 |
| Average | $56,724 | $1,090 |
| 25th Percentile | $45,697 | $878 |
What is middle class income in Indiana?
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| State | Middle-class income | Median household income |
|---|---|---|
| Iowa | $43,997 | $61,691 |
| Ohio | $43,949 | $58,642 |
| Kentucky | $43,747 | $52,295 |
| Indiana | $43,310 | $57,603 |
What is upper class income in Indiana?
In Indianapolis, making at least $86,202 boosts you to the upper class. The Hoosier capital ranks 40th out of the 51 cities in the Business Insider report. That means it’s based on the city’s median household income $43,101, according to the article. Compare that to a few of Indy’s neighbors.
What is a liveable salary in Indiana?
Living Wage Calculation for Indiana
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 3 Children | |
| Living Wage | $13.44 | $21.19 |
| Poverty Wage | $6.13 | $7.38 |
| Minimum Wage | $7.25 | $7.25 |
What salary is needed to live comfortably?
The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321. The state with the highest living wage is Hawaii, with $136,437.
Is it cheaper to live in Indiana or Tennessee?
The cost of living in Nashville, TN is 0.8% higher than in Indianapolis, IN. You would have to earn a salary of $60,453 to maintain your current standard of living. Employers in Nashville, TN typically pay -4.5% less than employers in Indianapolis, IN.
How much is 37 000 a year hourly?
$37,000 a year is how much per hour? If you make $37,000 per year, your hourly salary would be $18.97. 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.
Is 22 an hour a good salary?
How Much Is 22 Dollars An Hour Per Year?If you are working a full-time job, you will be working 40 hours per week on average. 40 hours multiplied by 52 weeks is 2,080 working hours in a year. $22 per hour multiplied by 2,080 working hours per year is an annual income of $45,760 per year.
What is considered good pay per hour?
The national mean salary in the United States is $56,310 according to the National Compensation Survey. That works out to be $27 per hour. So in order to be above average, you have to earn more than $28 per hour.
Is Indiana a poor state?
Similar to its individual high poverty ranking, Indiana continues to be ranked the fifth-highest state in the region by the number of tracts with high child poverty between 1980 and 2016. However, it ranks third in the percentage of tracts with high child poverty.
Is 20 an hour a living wage?
Take 40 hours times 52 weeks and that equals 2,080 working hours. Then, multiple the hourly salary of $20 times 2,080 working hours, and the result is $41,600.
$20 Per Hour is…
| $20 per Hour – Full Time | Total Income |
|---|---|
| Monthly (173 hours) | $3,467 |
| Weekly (40 Hours) | $800 |
| Bi-Weekly (80 Hours) | $1,600 |
| Daily Wage (8 Hours) | $160 |
Is it expensive to live in Indiana?
With an overall cost of living index of 90.4, Indiana comes in at number ten for most affordable cost of living in the U.S, but that definitely doesn’t mean it’s expensive!The median price for a house in the Hoosier State is $142,600, while $662 is the average monthly rent for a one-bedroom apartment.
Is $40 000 a year middle class?
Pew defines “middle class” as a person earning between two-thirds and twice the median American household income, which in 2019 was $68,703, according to the United States Census Bureau. That puts the base salary to be in the middle class just shy of $46,000.
What salary is lower class?
Those making less than $42,000 make up the lower-income bracket, while those making more than $126,000 make up the upper-income bracket.
What is a good median household income?
California has the sixth-highest median household income in the U.S. of $80,440. California has one of the highest costs of living in the country.
What salary is considered middle class for a single person?
Range of household incomes needed to be considered middle class, by family size
| State | Single | Family of four |
|---|---|---|
| California | $29,851 – $89,552 | $59,702 – $179,105 |
| Colorado | $26,876 – $80,629 | $53,752 – $161,257 |
| Connecticut | $28,364 – $85,091 | $56,727 – $170,181 |
| Delaware | $26,146 – $78,437 | $52,291 – $156,873 |
What is the richest town in Indiana?
Wealthiest City in Indiana: Zionsville
- Number of households: 9,865.
- Median household income: $137,377.
