How Much Money A Family Now Needs to Live in Texas
It takes a lot of money to support yourself or your family. You need to have groceries in your home so everyone can eat. That's expensive. You need to have a car to get back and forth to work or to school functions. That's expensive.
You or your family needs to have medical insurance. That's expensive. You need to have a home to live in. That's expensive. Not to mention any amenities that you want to have like cable, cell phone, or streaming services.
Everybody wants our money for something.
How much would you or your family need to make to support just the basics of living? SmartAsset was able to compile a list based on numbers from the Living Wage Calculator from MIT. It may or may not surprise you the number that was generated.
Overall Wage Needed in Texas
The first set of numbers is the overall wage for different family sizes needed to live in Texas. Mind you, these numbers are based on just the basic needs of a family:
- 1 adult, 0 children: $43,508
- 1 adult, 1 child: $73,609
- 1 adult, 2 children: $90,695
- 1 adult, 3 children: $117,742
- 2 adults (1 working), 0 children: $60,091
- 2 adults (1 working), 1 child: $71,638
- 2 adults (1 working), 2 children: $80,178
- 2 adults (1 working), 3 children: $85,843
- 2 adults (2 working), 0 children: $60,091
- 2 adults (2 working), 1 child: $82,285
- 2 adults (2 working), 2 children: $100,689
- 2 adults (2 working), 3 children: $116,350
No One Makes Enough Money Anymore
The sad truth is, right now, no one makes enough money. Not go on a vacation, not splurge on a fun hobby, not enjoy a night out on the town more than once a month, if that.
Corporations get on their high horse saying they've brought in record profits but will turn around the next day and lay off a quarter of their workforce saying they can't afford to pay them.
The day after that, it was announced that the CEO of that corporation had brought in a bonus of $15 million dollars and their investors brought in record dividends. That's not business, that's a problem.
READ MORE: The 1 Biggest Regret for Anyone Who Just Moved to Texas
READ MORE: No, Those City of Tyler Lawn Mowers are Not Malfunctioning
Don't Name Your Kid These Unspellable and Unpronounceable Trendy Baby Names in Texas
Gallery Credit: unsplash.com
These Texas Fugitives and Sex Offenders are On the Run From Police
Gallery Credit: Texas Department of Public Safety
Know What These Flag Colors Mean Before Heading to a Texas Beach
Gallery Credit: Canva