A new report shows that the cost of living for Iowans continues to outpace wages.The report, released Tuesday by non-profit Iowa Policy Project, states that a single Iowa resident must make at least $13.16 an hour — almost double the state minimum wage of $7.25 an hour — to meet basic living expenses.The basic-needs wage jumps to $21.52 an hour for a single parent with one child.The report defines its basic-needs budget as what is needed to “survive rather than thrive.”“We’re trying to come up with what it takes for families — of different sizes and types — just to make ends meet, just to get by day to day,” said IPP research director Peter Fisher, author of the report.The basic-needs budget includes rent, utilities, food prepared at home, child care, health care and other household necessities.
Similar Stories to Report: Iowa’s Cost Of Living Outpacing Wages on Bing News
Local News from TheGazette.com, The Gazette (Cedar Rapids)
Tue, 04/05/2016 - 11:06am
Sections: u.s.
Topics: Iowa Linn County Cedar Rapids
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