Resources / Tool

Family Budget Calculator

Overview

This simple, user-friendly calculator serves as a tool to measure the income needed by a family to maintain an adequate standard of living in a specific community. It can calculate costs based on all counties and metro areas in the US and for 10 family types (one or two adults with zero to four children). Family budgets are calculated using seven components: housing, food, transportation, childcare, healthcare, taxes, and “other necessities.”

Link
Family Budget Calculator
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Organization
  • Economic Policy Institute
Published
2024
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Audiences
EmployersInvesting and LendingPolicyWorker AdvocacyWorkforce & Economic Development
Issue Areas
Measurement & EvaluationWages & Wealth Building

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