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This is what a family of 4 needs to make in Indianapolis to have a 'livable wage'

Costs are rising all around us, but how much do you need to earn for your family to make a living wage?

INDIANAPOLIS — If you've been feeling like everything is more expensive and it's harder to make a living these days, you're not wrong.

While inflation nationwide is going down, relief to your wallet won't be immediate

As prices for groceries and housing continue to rise along with the cost of living, you may be wondering just how much you need to make in order to make a living here in Indiana. 

Thankfully, there's actually a tool you can use to calculate just that. 

MIT's Living Wage Calculator provides an estimate of what people in Indiana need to make in order to cover living expenses such as housing, food, insurance and other essentials. MIT says the data is updated annually during the first quarter of the new year.

In a recent release, MIT said the living wage in 2022 before taxes for a family of four (two working adults, two children) in the U.S. is $25.02 an hour, or $104,077.70 per year. 

But what about Indiana? Specifically, the Indianapolis area. 

The minimum wage in Indiana is currently $7.25 an hour, or $15,080 a year before taxes. The wage has remained unchanged since it was raised from $6.55 an hour in 2009.

According to the living wage calculator, the average single Hoosier needs to make at least $15.78 an hour, or $32,822 a year before taxes in order to make a livable wage. 

People living in Marion County need to make a little more — $16.18 or $33,654 — before taxes to get by. 

But these are just single individuals without kids. The livable wage only increases depending on the number of children and working adults in the household. 

For example, a family of four living in Marion County with two working adults and two children needs to have $94,806 a year to "live." 

It's important to note that living expenses are only averages — housing and rent prices, for example, might be more expensive where you live.

Find the full breakdown of each county in central Indiana, including the average cost of typical expenses here:

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