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Avg Cost of Living a Month for 1 Vs Average Pay

Rent:$997.68 https://worldpopulationreview.com/state-rankings/average-rent-by-state Food:$273.00 https://www.fns.usda.gov/cnpp/usda-food-plans-cost-food-reports-monthly-reports Electricity:$116 https://financeguru.com/news/average-electric-bill/ Water:$104 https://www.cbsnews.com/news/water-bills-rising-cost-of-water-creating-big-utility-bills-for-americans/#app Reuters Insurance:$15 https://www.statefarm.com/insurance/home-and-property/renters/cost-factors Car:$563 https://www.lendingtree.com/auto/how-much-does-a-car-cost/ Car Insurance:$73 https://www.lendingtree.com/auto/how-much-does-a-car-cost/ Fuel:$160 https://www.lendingtree.com/auto/how-much-does-a-car-cost/ Car Maintenance:$199 https://www.lendingtree.com/auto/how-much-does-a-car-cost/ Health Insurance:$541 https://www.valuepenguin.com/average-cost-of-health-insurance Dental Insurance:$50 https://www.moneyunder30.com/is-dental-insurance-worth-it Life insurance: $147 https://www.valuepenguin.com/average-cost-life-insurance Total:$3238 a month, or $38,856 a year. Average wage:$29.81 https://www.indeed.com/career-advice/pay-salary/average-hourly-wage-in-us Total Compensation after taxes in Colorado: $46,722 https://smartasset.com/taxes/colorado-paycheck-calculator#OR1ez5gIYH Leaving $7,866 a year on average. Except the average includes billionaires and millionaires in the equation. 42.4% of Americans make less than $15.00 an hour. https://slate.com/business/2016/03/how-many-workers-earn-less-than-15-per-hour.html So, the reality of most people is this. $15 an hour is $24,752 a year, -14,104 below the average cost to just live, we aren't earning enough, companies aren't paying enough.


Rent:$997.68
https://worldpopulationreview.com/state-rankings/average-rent-by-state

Food:$273.00
https://www.fns.usda.gov/cnpp/usda-food-plans-cost-food-reports-monthly-reports

Electricity:$116
https://financeguru.com/news/average-electric-bill/

Water:$104
https://www.cbsnews.com/news/water-bills-rising-cost-of-water-creating-big-utility-bills-for-americans/#app

Reuters Insurance:$15
https://www.statefarm.com/insurance/home-and-property/renters/cost-factors

Car:$563
https://www.lendingtree.com/auto/how-much-does-a-car-cost/

Car Insurance:$73
https://www.lendingtree.com/auto/how-much-does-a-car-cost/

Fuel:$160
https://www.lendingtree.com/auto/how-much-does-a-car-cost/

Car Maintenance:$199
https://www.lendingtree.com/auto/how-much-does-a-car-cost/

Health Insurance:$541
https://www.valuepenguin.com/average-cost-of-health-insurance

Dental Insurance:$50
https://www.moneyunder30.com/is-dental-insurance-worth-it

Life insurance: $147
https://www.valuepenguin.com/average-cost-life-insurance

Total:$3238 a month, or $38,856 a year.

Average wage:$29.81
https://www.indeed.com/career-advice/pay-salary/average-hourly-wage-in-us

Total Compensation after taxes in Colorado: $46,722
https://smartasset.com/taxes/colorado-paycheck-calculator#OR1ez5gIYH

Leaving $7,866 a year on average. Except the average includes billionaires and millionaires in the equation. 42.4% of Americans make less than $15.00 an hour.

https://slate.com/business/2016/03/how-many-workers-earn-less-than-15-per-hour.html

So, the reality of most people is this.

$15 an hour is $24,752 a year, -14,104 below the average cost to just live, we aren't earning enough, companies aren't paying enough.

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