Greater Victoria living wage rises to $25.40 an hour
Total basic expenses for the Greater Victoria hypothetical family rose to $93,490.29, from $91,097.29 last year, an increase of 2.6 per cent.
Basic needs considered in living-wage calculations include rent for a three-bedroom apartment, food, child care, transportation and clothing, while taking into account government taxes, credits and subsidies.
The hourly wage works out to $46,228 in annual income per parent — for a total household income of $92,456 — based on a 35-hour work week, and allows for minimal recreation and entertainment, including visits to museums and events, some sports and arts classes for children and a modest family vacation.
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Those who earn less may be forced to take on extra work hours to make ends meet, taking them away from their families, social activities, exercise routines or continuing education, he said.
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Edited by Victoria Watcher, 09 November 2023 - 05:16 AM.