$15.00 per hour
The legal minimum wage in the United States is $7.25 per hour, though some states and cities like New York City and Seattle are experimenting with minimums as high as $15 an hour. However, anyone living in New York City can tell you how laughably low $32,000 per year is for a single-income household.
Minimum Wages for Tipped Employees
|Jurisdiction||Basic Combined Cash & Tip Minimum Wage Rate||Minimum Cash Wage 1|
|Tipped Food Service Workers||$8.35|
|Tipped Service Employees||$10.40|
approximately 55 USD
The Minimum Wage Act (Article 19 of the New York State Labor Law) requires that all employees in New York State receive at least $12.50 an hour beginning December 31, 2020. Minimum wage rates differ based on industry and region. Rates will increase each year until they reach $15.00 per hour .
|State||2020 Minimum Wage||2021 Minimum Wage|
|Alabama||$7.25 (Federal, no state minimum)||$7.25 (Federal, no state minimum)|
Living Wage Calculation for New York County, New York
|1 ADULT||2 ADULTS (1 WORKING)|
|0 Children||2 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.
To live a comfortable and satisfying lifestyle in New York , even when you have roommates splitting the cost, a yearly income of $50,000 or more is ideal.
A tipped employee engages in an occupation in which he or she customarily and regularly receives more than $30 per month in tips. An employer of a tipped employee is only required to pay $2.13 per hour in direct wages if that amount combined with the tips received at least equals the federal minimum wage.
Waiter in New York City, NY Area Salaries
|Chili’s Grill and Bar Waiter salaries – 3 salaries reported||New York City, NY Area||$15,081/yr|
|Ruby Tuesday Waiter salaries – 3 salaries reported||New York City, NY Area||$7/hr|
|Pizza Hut Waiter salaries – 2 salaries reported||New York City, NY Area||$7/hr|
How Much Do Busboy Jobs Pay per Hour?
|Annual Salary||Hourly Wage|
Your annual salary of $200,000 would end up being about $96.15 per hour. You’d live pretty good in NYC in fact you’d be able to live in almost every neighborhood in NYC . Rent average from 1,500 a month if you are lucky to 4,000 and higher but you could most likely buy an apartment with that kind of salary .
By this standard, about half of American adults live in middle-class households. That is why the calculator, which is based on government data from 2016, says a household of three in the New York-Newark-Jersey City metro area that earns between $55,138 and $165,413 , before taxes, is considered middle income.
Yes, definitely. Both Manhattan, depending on neighborhood, and most parts of Brooklyn. When I first moved to NY , I was only making $45k and I lived in Brooklyn. At 70k , you can afford up to $1750 per month in rent (most places in NY require you to make 40 times the rent amount).