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TAUW Living Wage Infographic - Version April 2024

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United Way and You Partnering for Shared Community Support What does it cost to live in the Tulsa MSA? Monthly Expenses for 4-person Family Earning Living Wage of $98,800 ($8,233/month)

Living Wage by Family Type and Size 1 adult + 0 children

$40,643

1 adult + 2 children

$87,714

2 adults (1 working) + 1 child

$67,413

2 adults (both working) + 2 children

$98,800

($20/hour)

$927 11%

($42/hour) $1,019 12%

($32/hour)

$463 6% $664 8%

($24/hour each)

Source: Massachusetts Institute of Technology, 2024 update.

Living wage is the income necessary for a particular family size and type living in a particular place to meet basic standards of living without depending on public or private assistance. The average family living wage in the Tulsa MSA equals $81,528.

$1,122 14% $1,567 19%

$1,447 18%

Housing Food Medical Other

$1,023 12%

Child Care Transportation Civic Taxes

Source: Massachusetts Institute of Technology, 2024 update.

How does Living Wage compare to other wage levels? Living Wage for Family of 2 Adults & 2 Kids Compared to Other Key Wage Levels Minimum wage

100% FPL

200% FPL

300% FPL

$31,200

$62,400

$93,600

$15,000

MFI

Wage Levels

$15/hour

Below 100% of 15% Poverty

$75,583

31,000 $30/hour

$62,000

Below 200% of Poverty

Living Wage (1 earner)

$77,000

Below Below 300%ofof 300% Poverty Poverty

Living Wage (2 earners)

$99,000 $0

$20,000

$40,000

$60,000

% of Population Living Below Levels 0% of Poverty

$80,000

$100,000

33% 51%

Source: Census Bureau, 2022 ACS.

Definitions: FPL = Federal Poverty Level; MFI = Median Family Income (for families with children). Source: Massachusetts Institute of Technology 2024 Update; Federal Register, “Annual Update of the HHS Poverty Guidelines,” 01/17/2024.

Prepared by Tulsa Area United Way (April 2024) For more information contact Melanie Poulter, TAUW Research and Data Director mpoulter@tauw.org


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