California State Minimum Wage
|Effective Date||Minimum Wage for Employers With 26 or More Employees||Minimum Wage for Employers With 25 or Fewer Employees|
|January 1, 2020||$13.00/hour||$12.00 /hour|
|January 2, 2021||$14.00 /hour||$13.00/hour|
|January 1, 2022||$15.00 /hour||$14.00 /hour|
|January 1, 2023||$15.00 /hour||$15.00 /hour|
In addition to Florida , the following states have approved $15 an hour minimum wage increases: California . Connecticut . Illinois.
1. What is the minimum wage in California?
|Year||CA Minimum Wage for Large Employers (26 or more employees)||CA Minimum Wage for Small Employers (25 or fewer employees)|
Living Wage Calculation for California
|1 ADULT||2 ADULTS (BOTH WORKING)|
|0 Children||3 Children|
One recent study shows $15 an hour isn’t enough to secure affordable housing in most U.S. states. Nationally, someone would need to make $17.90 an hour to rent a one -bedroom apartment or $22.10 an hour to cover a two-bedroom home, according to analysis from the National Low Income Housing Coalition.
While the federal minimum wage is $7.25, most states and many cities have higher minimum wages resulting in almost 90% of U.S. minimum wage workers earning more than $7.25. The effective nationwide minimum wage , the wage that the average minimum wage worker earns, is $11.80 as of May 2019.
Target raises minimum wage to $15 an hour for store, distribution and headquarter employees. The company has committed close to $1 billion this year in bonus pay this year.
|State||2020 Minimum Wage||2021 Minimum Wage|
|Alabama||$7.25 (Federal, no state minimum)||$7.25 (Federal, no state minimum)|
So basically speaking, 50K gross is NOT nearly enough in less you find 2 or 3 roommates to share ALL expenses. Now if you can live/work in some of the more remote areas of Calif. some desert and forest areas, you can possibly make it on that amount, but you would have NO extras. Calif is a very expensive place to live.
It’s a good annual income for an individual, absolutely. It’s even a fairly good household income . Carefully managed, it would over time afford a person an “ average ”( average selling price) home in Los Angeles county, assuming you had the discipline to save a nominal down payment.
According data from the U.S. Census Bureau’s 2012-2016 American Community Survey, the median household income in California is $63,783 .
80K for a single person is more than Decent . If you want your money to go further move to the eastbay. I”m assuming after taxes your take home pay is around 5000 per month. You can do just about anything you want with that money since you have no kids etc.
US Household Income by Tier
$20 an hour is $41,600 annually if you can get full time hours. If your benefits come with insurance and a retirement account, and if your cost of living means you can find somewhere to live for under $900 a month, it should be fine for someone who wants to pay the bills, save a little, and live simply but comfortably.