Use the table to answer the question.
Items Cost
food and groceries $637.08
child care $701.25
medical $725.58
housing $1,324.17
transportation $1,059.03
monthly taxes $872.75
other basic necessities $512.50
The table shows the monthly basic needs budget for a 1-child family with 2 working adults in Fort Worth, Texas.
What should be the average of living wages of both adults so they can support their family’s basic needs? Assume both parents work full-time (40 hours per week). Round to the nearest hundredth.
To find the average living wage of both adults, we need to add up the costs of the different items listed and divide by 2.
Total cost of basic needs = $637.08 + $701.25 + $725.58 + $1,324.17 + $1,059.03 + $872.75 + $512.50 = $5,832.36
Average living wage = $5,832.36 / 2 = $2,916.18
Therefore, the average living wage for both adults should be approximately $2,916.18.