Living Wage Calculation for Arkansas
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $13.29 | $30.85 |
| Poverty Wage | $6.13 | $12.60 |
| Minimum Wage | $10.00 | $10.00 |
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Contents
How much do you have to make to live comfortably in Arkansas?
Arkansas — $44,571 per year.
What is a good salary in Arkansas?
$20.97 is the 25th percentile. Wages below this are outliers. $31.35 is the 75th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Average Jobs in Arkansas.
| City | North Little Rock |
|---|---|
| Annual Salary | $57,966 |
| Monthly Pay | $4,830 |
| Weekly Pay | $1,115 |
| Hourly Wage | $27.87 |
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 |
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 livable salary for a single person?
Living Wage Calculation for California
| 1 ADULT | ||
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $18.66 | $50.00 |
| Poverty Wage | $6.13 | $10.44 |
| Minimum Wage | $12.00 | $12.00 |
What is considered 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 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 are jobs that pay $50 an hour?
The 20 Best Jobs that Pay $50 an Hour
- Marketing manager. Average salary: $63.76 per hour.
- HR manager. Average salary: $54.47 per hour.
- Software developer. Average salary: $50.77 per hour.
- Physicist. Average salary: $57.49 per hour.
- Nurse practitioner.
- PR manager.
- Financial manager.
- Aerospace engineer.
What is the wealthiest town in Arkansas?
In Arkansas, Bentonville is home to more billionaires than any other city. A total of two billionaires live in Bentonville with a combined net worth of $124.6 billion. Of Bentonville residents with a minimum 10-figure net worth, Jim Walton is the wealthiest, worth an estimated $62.4 billion.
What is the cost of living in Arkansas?
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 |
|---|---|---|
| Grocery | 92.7 | 100 |
| Health | 86.5 | 100 |
| Housing | 55.7 | 100 |
| Median Home Cost | $145,300 | $291,700 |
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 $31 an hour good pay?
If you are working a full-time job, you will be working 40 hours per week on average.$31 per hour multiplied by 2,080 working hours per year is an annual income of $64,480 per year.
Is 110000 a good salary?
If you wonder is $110,000 a year is a good salary, consider this. The minimum wage in the United States is $7.25 an hour. If you make $110,000 a year, you make $52.88 per hour – you make more than 7 times the minimum wage.
How many adults live in Arkansas?
2,915,918
The last official census in the United States of America was carried out in 2010, when the population was calculated as 2,915,918, making Arkansas the 32nd largest state in the US.
What state has lowest minimum wage?
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.
Is 50k a year a good salary for a single person?
Is 50k a good salary for a Single Person?A single person will spend much less than if you need to provide for someone else. Your living expenses and ideal budget are much less. Thus, you can live extremely comfortably on $50000 per year.
Is 45k a good salary for a single person?
Yes, absolutely. If you don’t have children or a spouse to support, then your salary is likely to provide you with a comfortable lifestyle. However, single people may also be committed to higher rent or mortgage payments if there’s no one to split the bills with, so that’s worth considering too.
How much do I need to live comfortably?
So how much income do you need? With that in mind, you should expect to need about 80% of your pre-retirement income to cover your cost of living in retirement. In other words, if you make $100,000 now, you’ll need about $80,000 per year (in today’s dollars) after you retire, according to this principle.
What qualifies as a low income household?
Families and children are defined as low-income if the family income is less than twice the federal poverty threshold (see Poor).The federal poverty threshold for a family of four with two children was $25,926 in 2019, $25,465 in 2018, $24,600 in 2017, $24,300 in 2016, and $24,250 in 2015.
How do I know if I live in a low income area?
If the median family income in your community is 80% of that of your metro area or lower, you’re in a low income area. Or, If the median family income in your community is 80% of that of your state or lower, you’re in a low income community.49 families had higher income, 49 had lower.
