To find the average hourly living wage for each adult, we first need to determine the monthly income needed to cover the estimated cost of living:
$3784 / 2 = $1892
Next, we need to determine the number of work hours in a month for each adult. Assuming a standard 40-hour workweek and 4 weeks in a month:
40 hours/week * 4 weeks/month = 160 hours/month
Finally, we can calculate the average hourly living wage for each adult by dividing the monthly income needed by the number of work hours in a month:
$1892 / 160 = $11.825
Rounded to the nearest hundredth, the average hourly living wage for each adult is $11.83.
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
1 answer