The hourly wage a single person needs in America's largest cities

You'll need to earn around $25 an hour to live alone in the 25 largest cities in the United States.

This is a median number: you'll need more in cities like San Francisco or Boston, and less in San Antonio or Detroit. The money covers basic expenses for a single person, like studio accommodation, food, healthcare and transportation, based on estimates from Economic Policy's Living Wage Family Budget Calculator Non-profit institute.

A $25 hourly wage equates to $52,000 per year, based on a 40-hour work week. But in almost half of the 25 largest cities, the living wage is double the local minimum wage. In many of these markets, the minimum wage is less than $15 an hour. In some cities, the minimum wage is as low as $7.25 an hour, the federal minimum.

Many single minimum wage earners struggle to meet basic expenses based solely on their salary and, as such, rely on family or government assistance to get by. EPI's living wage estimates do not include these other possible sources of money.

Minimum wage earners may also make sacrifices, such as forgoing car ownership or not purchasing health insurance. Having employer-sponsored health insurance certainly helps: It reduces the hourly living wage by about $2 in the 25 largest U.S. cities, according to EPI estimates.

Here's a look at the 25 most populous metro areas, ranked by the highest minimum wage needed to cover necessities:

1. San FranciscoHourly wage needed to cover basic costs: $35.98Hourly minimum wage: $18.07 ($20 for fast food workers)2. Boston Hourly wage to cover base costs: $34.02 Hourly minimum wage: $153. New York Hourly wage to cover base costs: $33.58 Hourly minimum wage: $164. SeattleHourly wage to cover basic costs: $31.93 Hourly minimum wage: $19.97 (for most workers)5. San Diego Hourly wage to cover base costs: $30.46 Hourly minimum wage: $16.85 ($20 for fast food workers)6. Washington, D.C. Hourly wage to cover base costs: $28.89 Hourly minimum wage: $17,507. Los AngelesHourly wage to cover base costs: $26.81Hourly minimum wage: $16.90 ($20 for fast food workers)8. Atlanta Hourly wage to cover base costs: $26.63 Hourly minimum wage: $7,259. DenverHourly wage to cover base costs: $25.85Hourly minimum wage: $18.2910. Portland, Oregon Hourly wage to cover base costs: $25.67 Hourly minimum wage: $15.4511. Orlando Hourly wage to cover base costs: $25.51 Hourly minimum wage: $1,212. Inland Empire, California Hourly wage to cover basic costs: $25.34 Hourly minimum wage: $16 ($20 for fast food workers)13. MiamiHourly wage to cover base costs: $24.97 Hourly minimum wage: $1,214. Phoenix Hourly wage to cover base costs: $24.78 Hourly minimum wage: $14.3515. Charlotte Hourly wage to cover base costs: $24.48 Hourly minimum wage: $7.2516. Tampa Bay Hourly wage to cover base costs: $24.32 Hourly minimum wage: $1,217. Dallas Hourly wage to cover base costs: $23.84 Hourly minimum wage: $7.2518. ChicagoHourly wage to cover basic costs: $23.72Hourly minimum wage: $15 (for most workers)19. Philadelphia Hourly wage to cover base costs: $23.39 Hourly minimum wage: $7.2520. Baltimore Hourly wage to cover base costs: $23.13 Hourly minimum wage: $1,521. Minneapolis-St. PaulHourly wage to cover basic costs: $22.81 Hourly minimum wage: $15.57 (starting July 1)22. Houston Hourly wage to cover base costs: $21.56 Hourly minimum wage: $7.2523. St. Louis Hourly wage to cover basic costs: $20.39 Hourly minimum wage: $12.3024. San Antonio Hourly wage to cover base costs: $20.29 Hourly minimum wage: $7.2525. Detroit Hourly wage to cover base costs: $19.70 Hourly minimum wage: $10.33

Do you want to become an effective and confident communicator? Take CNBC's new online course. Become an effective communicator: master public speaking. We'll teach you how to speak clearly and confidently, calm your nerves, what to say and what not to say, and body language techniques to make a good first impression. Sign up today and use code EARLYBIRD for a 30% introductory discount through July 10, 2024.

Plus, sign up for the CNBC Make It newsletter for tips and tricks for succeeding at work, with money, and in life.

Sources 1/ https://Google.com/ 2/ https://www.cnbc.com/2024/06/22/the-hourly-wage-a-single-person-needs-in-the-largest-us-cities.html The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos