For a family of 4 the estimated monthly cost of living in Fort Worth Texas is $3784. If there are 2 full-time working adults in the family what is the average hourly living wage of each in order to support their basic needs? Round your answer to the nearest hundredth
To find the average hourly living wage, we need to divide the monthly cost of living by the number of working hours in a month.
There are usually about 160 work hours in a month (40 hours per week for 4 weeks).
So, the average hourly living wage for each adult is: $3784 / 160 = $23.65.
Rounded to the nearest hundredth, the average hourly living wage for each adult is $23.65.