Do you know what a “living wage” is? The MIT Wage Calculator shows you the estimated costs, and the wages necessary, for individuals and families to meet all of their basic needs.
Here’s some tips for how to use the Living Wage Calculator to make better career decisions
If you are certain you need all the luxuries of modern life try doubling the posted living wage and setting that as a goal when researching positions.
If you are passionate about an occupation but unsure if it can support you compare the living wage to average regional salaries using Labor Market Insights and see how they stand up.
If you just don’t feel like you have a good understanding of what it costs to live and be comfortable in a new place use the information in the calculator as a start.
If you are considering accepting a job or internship in a new area double check you have enough savings/earnings to living comfortably for that amount of time.
There are many opportunities to choose from. Make sure they meet your needs!
