Question: How much money do you need to live comfortably in Arkansas?

All data from MITs Living Wage calculator. Depending on where you live in the United States, the amount needed to live comfortably can vary greatly. While you can get by as a single person on a $22,000 annual salary in Kentucky or Arkansas, youll need at least $30,000 in Hawaii or Maryland.

What is a living wage in Arkansas?

Living Wage Calculation for Arkansas1 ADULT2 ADULTS (1 WORKING)0 Children1 ChildLiving Wage$13.29$27.15Poverty Wage$6.13$10.44Minimum Wage$10.00$10.00

Is $30000 a year good for a single person?

$30,000 a year is good for a single person, but it might be a stretch for a family unless it is one of multiple income streams. However, it can work depending on where you live and how you budget. If you need to survive on $30,000 a year, it may be accomplished through budgeting and reducing your expenses.

What is the average wage in Arkansas?

Hourly Rate Salary in ArkansasAnnual SalaryHourly WageTop Earners$55,077$2675th Percentile$42,739$21Average$34,142$1625th Percentile$25,555$12

What salary is considered comfortable living?

This popular general budgeting rule allocates 50% of annual income to necessities like housing, 30% to discretionary expenses like travel, and the remaining 20% to savings. 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.

What does McDonalds pay in Arkansas?

Average McDonalds Team Member hourly pay in Arkansas is approximately $9.23, which is 19% below the national average.

What state has highest salary?

These states reported the highest median hourly wages for all occupations as of May 2016:Alaska: $22.68.Massachusetts: $22.45.Connecticut: $21.68.Washington: $20.87.Maryland: $20.68.New York: $20.56.New Jersey: $20.17.California: $19.67.More items

Can you live off of 50k a year?

Earning $50,000 a year should be plenty to live on in America. The nations median income is just over $60,000, meaning that $50,000 per annum is the sort of salary that should clearly secure the basics, at the least. However, depending on where you live, thats not always true.

What is the highest paying job in Arkansas?

Detailed List Of Highest Paying Jobs In ArkansasRankJob TitleAverage Salary1Obstetricians And Gynecologists$258,9402Surgeons, Except Ophthalmologists$227,0803Family Medicine Physicians$209,3704Physicians, All Other; And Ophthalmologists, Except Pediatric$209,16088 more rows•Jun 7, 2021

What is the lowest salary you can live on?

The minimum wage is $7.25 an hour, which does equate a livable wage and would set a full-time worker earning that wage below the federal poverty line of $26,200 for a family of four.

What is the starting pay for McDonalds in Arkansas?

Average McDonalds Cashier hourly pay in Arkansas is approximately $8.68, which is 22% below the national average.

What does Walmart pay in Arkansas?

How much does a Cashier/Sales make at Walmart in Arkansas? Average Walmart Cashier/Sales hourly pay in Arkansas is approximately $10.24, which meets the national average.

Whats the best state to get a job in?

Best States to Find a JobOverall RankStateTotal Score1South Dakota66.532Nebraska65.523Washington64.534New Hampshire64.1746 more rows•Jun 9, 2021

What is the lowest paying state in the US?

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.

Can I raise a family on 50k?

No. £50k pre tax for one person living in a studio, house share or tiny one bed flat with no car perhaps yes. But to support a family, not even close. You will need a 3 bedroom property which if rented is going to be significantly more than £50k/yr in rent alone.

What is considered a middle class income?

Pew defines middle class as a person earning between two-thirds and twice the median American household income, which in 2019 was $68,703, according to the United States Census Bureau. That puts the base salary to be in the middle class just shy of $46,000.

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