Living Wage Calculation for Louisiana
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $14.06 | $32.16 |
| Poverty Wage | $6.13 | $12.60 |
| Minimum Wage | $7.25 | $7.25 |
Contents
What salary do you need to live in Louisiana?
A Louisiana resident needs an annual salary of about $29,250 before taxes to get by without outside help and stay above the poverty line, according to a new cost of living calculator from MIT.
What is a good salary in Louisiana?
$3,773 is the 25th percentile. Salaries below this are outliers. $5,640 is the 75th percentile.
What are Top 10 Highest Paying Cities for Average Jobs in Louisiana.
| City | Baton Rouge |
|---|---|
| Annual Salary | $59,778 |
| Monthly Pay | $4,981 |
| Weekly Pay | $1,150 |
| Hourly Wage | $28.74 |
What is a good hourly wage in Louisiana?
$12.75 is the 25th percentile. Wages below this are outliers. $21.33 is the 75th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Hourly Rate Jobs in Louisiana.
| City | New Orleans |
|---|---|
| Annual Salary | $42,001 |
| Monthly Pay | $3,500 |
| Weekly Pay | $808 |
| Hourly Wage | $20.19 |
What does the average person make a year in Louisiana?
$41,260 per year
Louisiana workers earn an average $41,260 per year, but folks in the state’s lowest-paying jobs earn much less. Using Bureau of Labor Statistics data, here are 27 of the lowest-paying jobs in the state, all of which had a median salary of less than $19,300 in 2016, the latest data available.
What is considered low income in Louisiana?
For a family of one in Louisiana the low-income limit for an annual income is $32,700. A household of four cannot exceed $46,700.
Is 65000 a good salary?
A salary of $65,000 can be a high income in many parts in the United States but below average in other parts.A $65,000 salary may easily meet your budget needs in an area with a lower cost of living but may just cover your basics in an area with a high cost of living.
What jobs are in high demand in Louisiana?
Detailed List Of The Fastest Growing Jobs In Louisiana
| Rank | Job Title | Jobs in 2024 |
|---|---|---|
| 1 | Software Engineer | 1,540 |
| 2 | Software Developer | 1,840 |
| 3 | Home Health Aid | 15,470 |
| 4 | Physical Therapist Assistant | 1,310 |
What is considered middle class in Louisiana?
The middle class is usually defined as the group of earners in the center of the earning scale.
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| State | Middle-class income | Median household income |
|---|---|---|
| Louisiana | $49,587 | $51,073 |
| South Carolina | $49,110 | $56,227 |
| New Mexico | $48,602 | $51,945 |
What are the 5 lowest paying jobs in Louisiana?
The 10 Lowest Paying Jobs In Louisiana For 2019
- Dishwashers.
- Dining Room and Cafeteria Attendants and Bartender Helpers.
- Combined Food Preparation and Serving Workers, Including Fast Food.
- Personal Care Aides.
- Bartenders.
- Cooks, Fast Food.
- Lifeguards, Ski Patrol, and Other Recreational Protective Service Workers.
Is it expensive to live in Louisiana?
An amount below 100 means Louisiana is cheaper than the US average. A cost of living index above 100 means Louisiana, Louisiana is more expensive.
Louisiana cost of living is 86.9.
| COST OF LIVING | Louisiana | United States |
|---|---|---|
| Grocery | 92.7 | 100 |
| Health | 93.9 | 100 |
| Housing | 62.1 | 100 |
| Median Home Cost | $189,200 | $291,700 |
What is the average salary 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.
What is a good hourly wage to live comfortably?
A single person in California needs to earn, on average, about $12.30/hour working full time to cover basic living expenses. Add a kid to the mix, and that rate rises sharply to more than $25/hour. That’s according to the Living Wage Calculator created by Amy K.
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.
Whats the average household income in Louisiana?
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2019 dollars), 2015-2019 | $49,469 |
| Per capita income in past 12 months (in 2019 dollars), 2015-2019 | $27,923 |
| Persons in poverty, percent | 19.0% |
What is Louisiana’s minimum wage 2021?
$7.25
Federal Minimum Wage Information
| State | 2011 | 2021 |
|---|---|---|
| Louisiana | $7.25 | $7.25 |
| Maine | $7.50 | $12.15 |
| Maryland | $7.25 | $11.75 |
| Massachusetts | $8.00 | $13.50 |
What is low income for a single person?
By government standards, “low-income” earners are men and women whose household income is less than double the Federal Poverty Level (FPL). For a single person household, the 2019 FPL was $12,490 a year. That means that a single person making less than $25,000 a year would be considered low income.
What is the income for the middle class?
The most straightforward way of defining someone as middle class is based on income thresholds. In the simplest sense, if your median household income for 2020 was from $50,641 to $135,042, you are considered middle class, according to estimates from Wenger.
How many people rent in Louisiana?
Renter Fraction in Louisiana
In 2019 33.51% of households were renters according to Census ACS data.
What is a good salary for a 26 year old?
What was the average and median income by age in 2021?
| Age | 25% | Average |
|---|---|---|
| 24 | $15,000.00 | $33,164.56 |
| 25 | $20,000.00 | $41,461.27 |
| 26 | $20,804.00 | $43,945.65 |
| 27 | $23,660.00 | $48,376.91 |
Is 62k a good salary?
$60,000 per year is a really good salary to live comfortably on. However, everyone’s situation and finances are different.
