Is 17 an hour livable?

$17 per hour is actually a good salary in most of the USA. There are larger cities where this would not be the case such as NYC, LA or Seattle, among others. This is more than double the minimum wage in most places in the US.

What is a livable hourly wage in the US?

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 yearly salary for 17 dollars an hour?

If you make $17 per hour, your Yearly salary would be $33,150. 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.

Can you live off of 18 dollars an hour?

You’ll take home (net) around $2,647 a month if you earn $18 an hour and work 40 hours a week. Working part-time (25 hours a week) making $18 an hour, you’ll gross $1,950 a month and take home (net) about $1,706 a month.

How much is $17 an hour a month?

It helps to know how much $17 an hour earns you per month. You’ll have a better idea of your monthly budget and what you can spend. Using the full 366 days in 2020, the average hourly wage earner works 175 hours per month. At $17 an hour, you’d make $2,975 per month, assuming you work all the weekdays in the month.

Can you afford a two-bedroom home on minimum wage?

Full-time workers who make minimum wage can’t afford a two-bedroom rental home in any state in the U.S. without spending more than the recommended 30 percent of their income, according to a report from the National Low Income Housing Coalition.

Will raising the minimum wage to $15 an hour hurt workers?

“The CBO’s report comes to a clear conclusion: The benefits of gradually raising the minimum wage to $15 an hour over five years far outweighs any potential costs to American workers,” Scott said during a call with reporters last week.

Is the minimum wage really a living wage?

The minimum wage is meant to be a living wage. In 1933, five years before the first minimum wage became law, then-President Franklin Delano Roosevelt said, “By living wages, I mean more than a bare subsistence level. I mean the wages of a decent living.”

How many people get paid hourly in the US?

At the end of 2019, 82.3 million workers were paid hourly, representing more than half (58.1\%) of all wage and salary workers in the U.S., according to the federal Bureau of Labor Statistics (BLS). Among those, 392,000 earned $7.25 per hour.