Living Wage Calculation for Rhode Island
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $17.80 | $38.11 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $12.25 | $12.25 |
What is a realistic livable wage?
California. California’s living wage is $19.41, or $40,371 a year for an individual. A family of four requires $27.42, or $101,378 a year.
How much do you need to make to live in Providence RI?
The living wage in Providence is $14.73 per hour, which is the basic wage needed to pay for essentials like housing, food, and necessities.
What is the median salary in Rhode Island?
Table
| Population | ||
|---|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 25.3 | 26.9 |
| Income & Poverty | ||
| Median household income (in 2020 dollars), 2016-2020 | $70,305 | $64,994 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $37,504 | $35,384 |
What is the average salary in Providence Rhode Island?
Average Annual Salary in Providence, RI
| Percentile | Annual Salary | Hourly Wage |
|---|---|---|
| 10th | $22,000 | $10.58 |
| 25th | $32,000 | $15.38 |
| Median | $48,000 | $23.08 |
| 75th | $73,000 | $35.1 |
How much is $25 an hour annually?
Take 40 hours times 52 weeks and that equals 2,080 working hours. Then, multiple the hourly salary of $25 times 2,080 working hours, and the result is $52,000. What is this? $52,000 is the gross annual salary with a $25 per hour wage.
Is $17 an hour a livable wage?
After taxes, if you earn $17 an hour, you’ll take home $26,520 a year. Your gross salary before taxes would be $35,360. This is a livable wage for a single person in a low to moderate cost of living area.
What is middle class income in Rhode Island?
How much you have to earn to be middle class in every state
| State | Middle-class income | Median household income |
|---|---|---|
| Rhode Island | $62,691 | $71,169 |
| Arizona | $61,699 | $62,055 |
| Delaware | $60,015 | $70,176 |
| Montana | $59,496 | $57,153 |
What is considered poverty in Rhode Island?
FAST FACTS. The median household income in Rhode Island is $63,296. The poverty line is $24,860 for a family of four. 12.9% of Rhode Island residents live in poverty.
What is the highest paying job in Rhode Island?
Loan Servicing Specialist
Detailed List Of Highest Paying Jobs In Rhode Island
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Loan Servicing Specialist | $329,032 |
| 2 | Consultant And Sales Representative | $259,465 |
| 3 | Revenue Officer | $238,937 |
| 4 | Vice President, Products & Marketing | $222,950 |
What is upper class in Rhode Island?
As of Oct 29, 2022, the average annual pay for the Upper Class jobs category in Rhode Island is $51,663 a year. Just in case you need a simple salary calculator, that works out to be approximately $24.84 an hour. This is the equivalent of $993/week or $4,305/month.
Is it affordable to live in Rhode Island?
That romantic vision of living in a seaside town or city in New England will cost you big in Rhode Island. Housing costs here are well above the national average. You can expect high rental rates and home prices throughout the state, with the highest rates in popular cities like Providence and Newport.
Is Ri a cheap state to live in?
Rhode Island is one of the least affordable states to live, according to a new ranking by WalletHub. The personal finance website ranked this year’s best states to live, weighing factors including affordability, quality of life, safety and more.
How much does a teacher in RI make?
How much does a Public School Teacher make in Rhode Island? The average Public School Teacher salary in Rhode Island is $58,595 as of October 27, 2022, but the range typically falls between $48,941 and $71,451.
Who is the largest employer in Rhode Island?
As it turns out, CVS Health looks to the be the biggest company in Rhode Island clocking in with 295,000 employees. Now, check out how the 100 biggest companies in Rhode Island ranked.
Is it worth it to live in Rhode Island?
The Ocean State low crime rate, top quality education, affordable housing, and natural beauty makes it one of the best places to live in the country. If you love festivals and events, great tasty food, sports, and an eco-friendly environment, moving to Rhode Island is perfect for you.
How much is $22 an hour annually?
Typically, the average work week is 40 hours and you can work 52 weeks a year. Take 40 hours times 52 weeks and that equals 2,080 working hours. What is this? Then, multiple the hourly salary of $22 times 2,080 working hours, and the result is $45,760.
How much does $30 an hour equal annually?
$30 an hour is $62,400 a year before taxes.
40 hours of work per week multiplied by 52 (the number of weeks in a year) equals 2,080 hours worked per year (on average). If you multiply the total number of hours worked per year (2,080) by $30, you get $62,400. This is your yearly salary before taxes.
What is hourly rate for 50k?
$24.04 an hour
If someone works exactly 40 hours per week, they will work 2,080 hours per year — assuming they do not take any days off. With a full time work schedule, $50,000 a year is $24.04 an hour.
What is poor salary?
As of 2021, the poverty guideline for most of the country is $12,880 for a single person.
How much is $20 an hour annually?
$41,600 a year
To figure out how much $20 an hour is per year, multiply $20 by how many hours you work per week. For most full-time jobs, that’s 40 hours per week or 2,080 hours per year, if you don’t take any time off. That means $20 an hour is $41,600 a year.