3 ms·
A large proportion of living expenses are housing, so this calculation is sensitive to the housing component. The housing component is estimated as the U.S. HUD
by nilstycho 3y ago
A large proportion of living expenses are housing, so this calculation is sensitive to the housing component. The housing component is estimated as the U.S. HUD's "Fair Market Rent", which is defined as the 40th percentile rent. I believe this overestimates a living wage. It's more like a living-like-the-40th-percentile wage.