Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Required annual income after taxes | $22,136 | $44,643 |
| Annual taxes | $5,517 | $11,831 |
| Required annual income before taxes | $27,652 | $56,475 |
Contents
What salary do you need to live comfortably in Arkansas?
While you can get by as a single person on a $22,000 annual salary in Kentucky or Arkansas, you’ll need at least $30,000 in Hawaii or Maryland. That’s according to data from MIT’s living wage calculator, which determines the minimum amount necessary to meet basic needs without relying on outside help.
What is considered a good salary in Arkansas?
$192,990 is the 90th percentile. Salaries above this are outliers. $5,948 is the 25th percentile. Salaries below this are outliers.
What are Top 10 Highest Paying Cities for Gross Jobs in Arkansas.
| City | Hot Springs |
|---|---|
| Annual Salary | $108,534 |
| Monthly Pay | $9,045 |
| Weekly Pay | $2,087 |
| Hourly Wage | $52.18 |
What is the average salary for a person living in Arkansas in 2021?
Average Income by State 2021
| State | Mean Household Income |
|---|---|
| Alabama | $69,842 |
| New Mexico | $69,077 |
| Arkansas | $66,557 |
| West Virginia | $63,680 |
What is a good hourly wage in Arkansas?
$12.29 is the 25th percentile. Wages below this are outliers. $20.55 is the 75th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Hourly Rate Jobs in Arkansas.
| City | Fayetteville |
|---|---|
| Annual Salary | $38,271 |
| Monthly Pay | $3,189 |
| Weekly Pay | $736 |
| Hourly Wage | $18.40 |
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 considered a livable wage?
The living wage in the United States is $16.54 per hour, or $68,808 per year, in 2019, before taxes for a family of four (two working adults, two children), compared to $16.14 in 2018. The minimum wage does not provide a living wage for most American families.
What is the most common job in Arkansas?
The most common jobs held by residents of Arkansas, by number of employees, are Driver/sales workers & truck drivers (45,615 people), Registered nurses (31,933 people), and Firstline supervisors of retail sales workers (29,319 people).
Is Arkansas expensive to live in?
An amount below 100 means Arkansas is cheaper than the US average. A cost of living index above 100 means Arkansas, Arkansas is more expensive.
Arkansas cost of living is 79.0.
| COST OF LIVING | Arkansas | United States |
|---|---|---|
| Health | 86.5 | 100 |
| Housing | 55.7 | 100 |
| Median Home Cost | $145,300 | $291,700 |
| Utilities | 95.6 | 100 |
What is middle class in Arkansas?
The middle class is usually defined as the group of earners in the center of the earning scale.
Popular Articles.
| State | Middle-class income | Median household income |
|---|---|---|
| Indiana | $43,310 | $57,603 |
| Mississippi | $41,839 | $45,792 |
| West Virginia | $41,649 | $48,850 |
| Arkansas | $40,928 | $48,952 |
What is a good income in 2021?
The weekly median earnings for full-time wage or salary workers in the United States in the second quarter of 2021 amounted to $990. It translates to a yearly income of approximately $51,480. Any amount above that should theoretically be considered a good salary; however, it is not as easy as that.
What is a good hourly wage in 2020?
For the year ended January 2020, nonfarm payroll employment increased 2,052,000, or 1.4 percent. Over that period, private employment increased by 1,875,000, or 1.5 percent. Over the past 12 months, average hourly earnings for all employees on private nonfarm payrolls increased from $27.58 to $28.44, or 3.1 percent.
What is the lowest paying state in the US?
The two states with the lowest minimum wage are Georgia ($5.15) and Wyoming ($5.15). However, employers in Georgia and Wyoming who are subject to the Fair Labor Standards Act must still pay the $7.25 Federal minimum wage.
What is the average household income in Arkansas?
$47,597
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2019 dollars), 2015-2019 | $47,597 |
| Per capita income in past 12 months (in 2019 dollars), 2015-2019 | $26,577 |
| Persons in poverty, percent | 16.2% |
What is a teachers salary in Arkansas?
The average Public School Teacher salary in Arkansas is $55,073 as of October 29, 2021, but the range typically falls between $48,079 and $63,578.
Can a 14 year old work in Arkansas?
According to the Arkansas Department of Labor, a child must be at least 14 years old to be employed.May not work more than 6 days a week. May not work more than more than 8 hours a day or 48 hours a week. Cannot work before 6am or after 7pm – except that on nights preceding non-school days when they can work until 9pm
What wage do you need 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.
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 the living wage for a single person?
According to their analysis, an employed single adult currently needs A$597 per week (before tax, and including housing costs) to live healthily. A couple with two young children needs almost twice as much: A$1,173. The national minimum wage is currently A$695 for a full-time worker.
What state has the highest minimum wage and lowest cost of living?
Arizona Has The Highest Minimum Wage In The Country, Once Adjusted For Cost Of Living.
