What Is the Minimum Wage in Little Rock, Arkansas?
Did you know that Bill Clinton, the 42nd president of the United States, wasn’t born in Little Rock, Arkansas? Clinton was actually born in Hope, Arkansas, which is a small town about 100 miles southwest of Little Rock. The Cheesedog, or a hotdog with cheese inside of it, was created in Little Rock in 1956. Little Rock was actually called “Arkopolis,” briefly in 1921. And Little Rock’s Big Dam Bridge (yes, for real) is the longest cycling and pedestrian-only bridge in the United States. If you are planning to relocate to Little Rock, it might help to know these things (as a conversation icebreaker anyway). However, the most important thing you should know is the minimum wage in Little Rock.
The Minimum Wage in Little Rock
Now, I started this article out by sharing some whimsical facts about the city of Little Rock, but I did it as an information icebreaker.
Moving to a new city is a big undertaking and it isn’t one that you should do on a whim. You are essentially transplanting your life to a new city. If you have a family, then moving to a new city can be a very daunting and anxiety-inducing process as well.
Before you consider moving to a new city, reassess your personal finances. How much money do you have saved? Do you have enough money to tide you over until you find work?
Have you begun researching the local job market in the city you plan on relocating to?
The minimum wage in Little Rock is $10 per hour but will rise to $11 per hour on January 1, 2021.
Is that enough for you and your family to live on in a new city? What you should also keep in mind is the cost of living in Little Rock, Arkansas.
The minimum wage in Little Rock is a state-mandated minimum payment amount for employees. Certain employees, like independent contractors, are not necessarily entitled to a minimum wage.
However, a minimum wage is not necessarily the same as a living wage.
A living wage is a salary you need to make to live comfortably in a city. A minimum wage, the salary you legally make, and a living wage, the salary you need to live comfortably, are not the same thing.
In Little Rock, the living wage for an individual is $11.18 per hour or about $23,200 annually.
If you are a single parent with three children, then you need to make at least $33 per hour.
Two working parents with three children in Little Rock would need to make at least $18 per hour to sustain a livable wage.
Higher Minimum Wages
Now, unless you can really adjust to a new budget based on the minimum wage in Little Rock, then maybe you should consider your options.
Here are some cities with higher minimum wages:
- New York City – $15.25
- San Francisco – $16.07
- San Jose – $15.25
- Seattle – $16.39
- Washington, D.C. – $15
However, just remember that the living wage in these cities are relatively higher because the cost of living is also higher.
These Cities Will Pay You to Relocate and Work
10 Reasons Timeshares Are A Bad Deal
Adventurous Retirement Planning – Countries Where You’ll Retire for $2K Monthly
Making Vacation Dollars Last – Laos
If you enjoy reading our blog posts and would like to try your hand at blogging, we have good news for you; you can do exactly that on Saving Advice. Just click here to get started. If you want to be able to customize your blog on your own domain and need hosting service, we recommend trying BlueHost. They offer powerful hosting services for $3.95/month!