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

Answer 1

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.