That's kinda neat, but odd b/c I'm not sure how to figure it for 2 adults and 4 kids. I mean, the jump from 2 adults/1 kid to 2 kids is $7 more an hour. Does each additional kid really require that much more to make a livable wage? I guess they do if you are paying for daycare, which is the other thing - they include that in the expenses ($1,104 for two kids is what they quote for my city), but then you should be able to deduct that amount from their projected income if one parent is a SAHM, I would say. I wonder if that assumes child care for my 4 kids would run $2,208 a month (maybe it would) but really, we just pay $400 for preschool for one.
So, it's kinda weird how they figure the liveable wage - I mean, our food is quite a bit more than they project (even when inflating it for our bigger family) and our housing is also a lot more expensive than they figure.
Then, mine states a liveable wage for 2 adults is $13.71 an hour, and I think yours said that, too, OP. The thing is, that seems crazy to me. I can't imagine living off that amount even without kids... that's less than $7 an hour per adult earner. Doesn't seem very liveable to me.
I compared my current city to where we used to live (Denver) and it shows that we need more money to live here than there - which doesn't seem right to me considering the COL seems quite a bit lower where we live now. Still interesting, so thanks for linking!
Edited by Drummer's Wife - 4/21/11 at 10:41pm