The current minimum wage in Raleigh, NC is $7.25 per hour. This is the same as the federal minimum wage, which has not been increased since 2009. The minimum wage in Raleigh is lower than the national average of $7.50 per hour. The minimum wage in Raleigh has not increased in recent years and has actually decreased in real terms due to inflation. The purchasing power of the minimum wage in Raleigh has declined by about 17% since 2009. A livable wage in Raleigh is estimated to be $15.17 per hour for a single adult with no children.
The minimum wage in Raleigh is expected to remain at $7.25 per hour until at least 2025, but there is a growing movement to increase it to $15 per hour. The estimated number of workers in Raleigh making minimum wage is 100,000, and they often struggle to make ends meet, sometimes having to work multiple jobs or rely on government assistance. Increasing the minimum wage to $15 per hour would help ensure that all workers can earn a living wage.
A livable wage in Raleigh is estimated to be $15.17 per hour for a single adult with no children. This means that a worker would need to earn $15.17 per hour in order to afford a modest but comfortable standard of living in Raleigh.
What is the difference between gross wages and net wages?
It's important to remember that the Hourly Wage Index data above reflects gross wages, or the amount of money an employee earns before accounting for payroll deductions like taxes, benefits, or wage garnishments. Due to variability in tax rates across locations, slightly lower gross wages in a certain location might result in higher take home pay, or vice versa.
What is a good hourly wage?
It's important to remember that the Hourly Wage Index data above reflects gross wages, or the amount of money an employee earns before accounting for payroll deductions like taxes, benefits, or wage garnishments. Due to variability in tax rates across locations, slightly lower gross wages in a certain location might result in higher take home pay, or vice versa.
Offering competitive pay is one of my top priorities—what other resources do you have that might help?
It's important to remember that the Hourly Wage Index data above reflects gross wages, or the amount of money an employee earns before accounting for payroll deductions like taxes, benefits, or wage garnishments. Due to variability in tax rates across locations, slightly lower gross wages in a certain location might result in higher take home pay, or vice versa.
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