The United States of America (USA) has a national minimum wage of $7.25 per hour, or roughly $1,218 per month.
Nevertheless, compulsory income tax payments ranging from 24% to 37% of earnings are required.
Moreover, residents are subject to an average electricity rate of $16.94 cents per kilowatt-hour and an average monthly water utility charge of $44.77.
Private vehicle owners will also face petrol costs of $0.9 per liter.
FEEDING;
Meal prices in the United States of America can vary significantly, the average cost of food in the United States of America is $58 per day, per person or $1,740 per month on the average.
Calculating your meal budget
Breakfast = $10 to $25 (average $15)
Lunch = $15 to $30 (average $18)
Dinner = $17 to $50 (average $25)
RENT;
The national average rent for a one-bedroom apartment in the US is $1,553 per month. However, depending on location, this amount can vary dramatically.
It is often noted that a considerable minimum wage does not directly correlate with a high standard of living or overall well-being. Instead, governments in countries with substantial minimum wages frequently introduce conditions, including taxes, fuel costs, and utilities’ bills, that effectively reduce the wage’s value.
From the rough estimate above, one may not even be able to survive on just one job. You may ultimately need to sleep less and work for at least 12 – 15 hours in a day to meet up the average survival bills.
