Thursday, September 27, 2007

Can you live on minimum wage?

I'm from Danvers, Mass. A smaller town within commuting distance from Boston. We have a good public school system along with two private schools and there is a wide range of classes in our town, anywhere from working class to middle upper. Therefore its not too hard to find a decently priced apartment with the town. Minimum wage in a Massachusetts is $7.50 per hour.

Multiply $7.50 times 40 hours a week, assuming I would be working full time. That is still only $330 per week and $1320 for the month. Rent prices for a one bedroom apartment in Danvers are approximately $900 without utilities. About $1000 a month in total. That would leave me with $320 for the month. Approximately $40 a week to eat groceries, considering i would want to eat healthy. That leaves $160 for other expenses including a car. Danvers does not have an adequate public transportation system to rely it for getting places.

Now if you split a bigger one or two bedroom apt with a roommate you would probably only have to pay $600 a month, maybe less. leaving almost an extra $400 for a car and other expenses. That includes plenty for insurance and other expenses. This would be the only option for living off minimum wage in my town.

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