Tags: Minimum Wage | minimum wage | Little Rock

What's The Difference Between Minimum Wage and Living Wage in Little Rock?

By    |   Wednesday, 10 Jun 2015 11:42 AM

Those who work for minimum wage in Little Rock, Arkansas, got a boost in 2014 when the state raised its minimum wage to $7.50 an hour, with further increases set to raise it to $8 in 2016 and $8.50 in 2017, according to the National Conference of State Legislatures. While the state's minimum wage now exceeds the federal amount of $7.25 an hour, a gap remains between that amount and what it considered a living wage in the city.

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In Little Rock, the amount needed to support a single adult is $10.04 an hour, or $20,883 annually, according to the Massachusetts Institute of Technology. MIT's living wage calculator uses data about expenditures for such things as food, housing, child care and health insurance in the area. The living wage for a family of four in the city is $22 an hours, or $45,760 annually. Little Rock's minimum wage amounts to $15,600 annually, based on a 40-hour work week.

Based on MIT's calculator, a single adult earning minimum wage only makes two-thirds of what is needed to live in Little Rock. An adult working to support a family of four needs nearly three times the minimum wage earnings for a family to be self-sufficient.

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Many of the jobs thought of as minimum wage positions actually pay more than the minimum wage in Little Rock, according to the MIT report. For example, jobs in food preparation and serving average about $8.64 an hour, personal care and services jobs average about $8.83, and lawn care comes in at about $9.32.

If you are lucky enough to be earning a living wage in Little Rock, you might be employed as an adult education teacher or a museum worker, who earn about $42,630 a year. Members of the clergy average $35,520 in Little Rock, so a second job might be in order for a living wage. Medical technologists come in at $49,250, just a little above the living wage of $45,760 for a family of four.

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Those who work for minimum wage in Little Rock, Arkansas, got a boost in 2014 when the state raised its minimum wage to $7.50 an hour, with further increases set to raise it to $8 in 2016 and $8.50 in 2017, according to the National Conference of State Legislatures.
minimum wage, Little Rock
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2015-42-10
Wednesday, 10 Jun 2015 11:42 AM
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