Tags: Minimum Wage | minimum wage | indianapolis | indiana

What's the Difference Between Minimum Wage and Living Wage in Indianapolis?

By    |   Saturday, 13 Jun 2015 12:00 PM

Employers with two or more employees must pay a minimum wage of $7.25 per hour in Indianapolis, Indiana, a rate that tracks with federal law.

However, according to data compiled by the Massachusetts Institute of Technology, the hourly living wage rate for Indianapolis-Carmel, Indiana metropolitan area was $9.94 hourly for an adult. Total required annual income for one person before taxes was $20,685.

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Those with one child should earn $20.70 hourly while adults with two children should make $24.78 to hit a living wage, MIT said.

Minimum wage is the lowest pay or compensation an employee can receive by law. Living wage calculates what funds are needed to meet everyday needs, determined by marriage, children, debt, cost-of-living, and other factors.

The Indiana legislature failed in early 2015 to pass measures to raise the state's minimum wage, the Indianapolis Star reported.

Citing the state's poor ranking for minimum wage – behind 29 states as well as the District of Columbia – state Senate Democrats proposed a hike to $10.10 per hour in January 2015. But they faced a tough battle in the Republican-led legislature, even as labor activists staged a rally and also a fast from eating in March 2015 to draw interest to a higher rate, the Indianapolis Star reported.

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"Supporters want to raise the wage to $10 per hour, but they recognize the odds are long," the newspaper wrote. "The Republican-controlled legislature has opposed similar efforts for several years, saying a higher minimum wage would cause businesses to raise prices and cut jobs."

Indianapolis has earned a reputation as a progressive Midwest city, famous for its annual Indianapolis 500 motor sports race as well as playing host to the popular men's and women's NCAA Basketball Tournaments.

According to Forbes magazine, median household income there is $53,125 while the median home price is $135,400. Cost of living, the magazine said, was 6.7 below the national average.

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Employers with two or more employees must pay a minimum wage of $7.25 per hour in Indianapolis, Indiana, a rate that tracks with federal law.
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2015-00-13
Saturday, 13 Jun 2015 12:00 PM
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