Question

For a family of 4, the estimated monthly cost of living in Fortworth, Texas is $3,784. 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 the answer to the nearest hundredth.

Answer 1

To find the average hourly living wage, we need to calculate the total number of hours worked by both adults in a month.

Let's assume that each adult works 40 hours per week, which means they work a total of 40 hours x 2 = 80 hours each per week.
In a month, they work 80 hours x 4 = 320 hours each.

Now, we divide the estimated monthly cost of living by the total number of hours worked to find the average hourly living wage:
$3,784 / 320 hours = $11.825 per hour.

Therefore, the average hourly living wage for each adult is $11.83 when rounded to the nearest hundredth.