Massachusetts Residents Need to Make This Much $$$ an Hour to be Able to Support Themselves
MIT is out with a sobering message: Cost of living in Massachusetts is increasing at a seemingly much faster rate than resident income. If you’re like me, you feel that, and it seems to get a little tighter every month!
How Much To Live in Massachusetts?
MIT’s Living Wage Calculator shows that a single adult in Massachusetts needs to take in $27.89 an hour just to support themselves. Meanwhile, the minimum wage in Massachusetts is $15.00 an hour. So according to MIT, if you’re making minimum wage, and you’re working a 40-hour workweek for every hour you work, you’re actually falling farther in the red! By over 12 bucks for every hour you work. That’s incredibly frustrating for residents who are working hard to make ends meet, but continue falling further and further behind.
While we obviously could use a change, it doesn’t appear like things are getting any better at the moment – in fact, they’re getting worse. $27.89 an hour is actually up considerably from one year ago. In 2023 MIT’s Living Wage Calculator showed that a single adult in Mass needed to make $21.35 an hour to be able to support themselves. That represents a year-over-year jump of 23.4%! I don’t know about you, but I consider that a hugely significant increase. If that 23% increase happened year after year, it wouldn’t take too long to make things VERY uncomfortable without wages rising as well.
The living wage calculator showed that a full-time working couple with one child needs to earn $28.38 an hour each in 2024 to support their family unit with just basic necessities.
Now that you’ve had to swallow that bad news, let’s give you some GOOD news: You’re better looking than your selfies. There. That should make you feel good. And you’re thinking to yourself, “how can I look better than my selfies? That’s ME!” Well…