How much should the minimum wage be to support a family? (+Amounts)

In the United States (US) there are different realities regarding the cost of living, this varies from state to state, find out what is the minimum wage that must be earned in Florida.

This time, it is a study carried out by the SmartAsset.com portal, which has defined how much income a family should receive.

Let’s remember that SmartAsset is a company whose main mission is to help people make smart financial decisions.

The study is based on the MIT Minimum Wage Calculator.

This has revealed the costs of living necessary for couples with children to be able to cover their basic needs, not to live comfortably but with what is necessary.

This study includes essential expenses such as housing, food, transportation, income taxes and other crucial items.

Located: Salary required in Miami-Dade

• A couple (1 worker), 0 children: $67,963
• Two adults (1 worker), 1 child: $81,689
• A couple (1 worker), 2 children: $90,439
• Two adults (1 worker), 3 children: $100,856
• A couple (2 workers), 0 children: $67,963
• Two adults (2 workers), 1 child: $91,176
• A couple (2 workers), 2 children: $107,959
• Two adults (2 workers), 3 children: $126,932

Minimum wage required (average) in Florida

The study also provides an overview of the revenue needed at the state level in Florida:

• A couple (1 worker), 0 children: $63,567
• Two adults (1 worker), 1 child: $75,959
• A couple (1 worker), 2 children: $84,825
• Two adults (1 worker), 3 children: $92,922
• A couple (2 workers), 0 children: $63,567
• Two adults (2 workers), 1 child: $86,553
• A couple (2 workers), 2 children: $104,524
• Two adults (2 workers), 3 children: $121,164

The state that requires less income and the one that requires more

Arkansas stands out as the most affordable state for families with one child.

A family with a single breadwinner would need to earn $65,934, while if both parents work, they would need $73,789.

Now, Massachusetts stands out as the most expensive state for working families.

While couples with two working parents raising two or three children will need incomes of $150,578 and $176,107 respectively.

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