You’ll need to earn around $25 per hour to live on your own in the United States’ 25 largest cities.
That’s a median figure: You’ll need more in cities like San Francisco or Boston, and less in San Antonio or Detroit. The money covers a single person’s basic expenses like housing in a studio apartment, food, health care and transportation, based on estimates from the nonprofit Economic Policy Institute’s Living Wage Family Budget calculator.
A $25 per hour wage works out to $52,000 per year, based on a 40-hour work week. But in nearly half of the 25 largest cities, the living wage is double that of the local minimum wage. In many of these markets, the minimum wage is less than $15 per hour. In some cities, minimum wage is as low as $7.25 per hour — the federal minimum.
Many solo minimum-wage earners struggle to afford basic expenses based on their wages alone, and as such, rely on family or government assistance to get by. EPI’s living wage estimates don’t include those other possible sources of money.
Minimum-wage earners might also make sacrifices like forgoing car ownership or skipping on health care insurance. Having employer-sponsored health insurance certainly helps: It shaves roughly $2 off the hourly living wage in the 25 largest U.S. cities, according to EPI’s estimates.
Here’s a look at those 25 most-populated metro areas, ranked by the highest minimum wage needed to cover necessities:
1. San Francisco
- Hourly wage needed to cover basic costs: $35.98
- Hourly minimum wage: $18.07 ($20 for fast food workers)
2. Boston
- Hourly wage to cover basic costs: $34.02
- Hourly minimum wage: $15
3. New York
- Hourly wage to cover basic costs: $33.58
- Hourly minimum wage: $16
4. Seattle
- Hourly wage to cover basic costs: $31.93
- Hourly minimum wage: $19.97 (for most workers)
5. San Diego
- Hourly wage to cover basic costs: $30.46
- Hourly minimum wage: $16.85 ($20 for fast food workers)
6. Washington, DC
- Hourly wage to cover basic costs: $28.89
- Hourly minimum wage: $17.50
7. Los Angeles
- Hourly wage to cover basic costs: $26.81
- Hourly minimum wage: $16.90 ($20 for fast food workers)
8. Atlanta
- Hourly wage to cover basic costs: $26.63
- Hourly minimum wage: $7.25
9. Denver
- Hourly wage to cover basic costs: $25.85
- Hourly minimum wage: $18.29
10. Portland, Oregon
- Hourly wage to cover basic costs: $25.67
- Hourly minimum wage: $15.45
11. Orlando
- Hourly wage to cover basic costs: $25.51
- Hourly minimum wage: $12
12. Inland Empire, California
- Hourly wage to cover basic costs: $25.34
- Hourly minimum wage: $16 ($20 for fast food workers)
13. Miami
- Hourly wage to cover basic costs: $24.97
- Hourly minimum wage: $12
14. Phoenix
- Hourly wage to cover basic costs: $24.78
- Hourly minimum wage: $14.35
15. Charlotte
- Hourly wage to cover basic costs: $24.48
- Hourly minimum wage: $7.25
16. Tampa Bay
- Hourly wage to cover basic costs: $24.32
- Hourly minimum wage: $12
17. Dallas
- Hourly wage to cover basic costs: $23.84
- Hourly minimum wage: $7.25
18. Chicago
- Hourly wage to cover basic costs: $23.72
- Hourly minimum wage: $15 (for most workers)
19. Philadelphia
- Hourly wage to cover basic costs: $23.39
- Hourly minimum wage: $7.25
20. Baltimore
- Hourly wage to cover basic costs: $23.13
- Hourly minimum wage: $15
21. Minneapolis-St. Paul
- Hourly wage to cover basic costs: $22.81
- Hourly minimum wage: $15.57 (starting July 1)
22. Houston
- Hourly wage to cover basic costs: $21.56
- Hourly minimum wage: $7.25
23. St. Louis
- Hourly wage to cover basic costs: $20.39
- Hourly minimum wage: $12.30
24. San Antonio
- Hourly wage to cover basic costs: $20.29
- Hourly minimum wage: $7.25
25. Detroit
- Hourly wage to cover basic costs: $19.70
- Hourly minimum wage: $10.33
Want to be a successful, confident communicator? Take CNBC’s new online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Sign up today and use code EARLYBIRD for an introductory discount of 30% off through July 10, 2024.
Plus, sign up for CNBC Make It’s newsletter to get tips and tricks for success at work, with money and in life.