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According to the Living Wage calculator (livingwage.mit.edu), this amount is calculated based on the real cost of living, including food, childcare, medical, housing, transportation and other.
There's a real hourly wage calculator at yourmoneyoryourlife.com.com
Love your calculator... Do you have a world wide living wage calculator?
MIT Living Wage Calculator shows the gap between wages and a modest cost of living.
How have the data and analysis you've gathered from the Living Wage Calculator helped address economic inequality?
There are several versions of the Living Wage calculator, which all focus on the costs in a particular locality.
Similar(26)
Use the Salary Calculator and Wage Finder on Career Builder.
This week the BBC published an interactive salary calculator to compare footballer's wages with those of readers.
Michael Madowitz from the Center for American Progress developed a wage-loss calculator to predict loss of income as a result of time off due to childcare.
I get emails 365 days a year from people using the tool [the living wage calculator], which gets 100,000 hits a month, and those people strongly feel the nation would be better off if we paid higher wages, because people would have more stability, and would actually be able to engage in consumption, which would be important as a driver of the economy.
As for the calculator's wage growth assumption, be careful that you're not too optimistic.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com