LIVING WAGE
Plan For a Financially Secure Future
At HP3, our mission is simple: Every Haverhill student should have the opportunity to achieve a living wage job – one that allows them to live comfortably with safe and stable housing, access reliable transportation, and Support a family if they choose
What Is a Living Wage?
A living wage is more than just a paycheck. It’s the income needed to cover the basic costs of living, including:
-
Housing and Utilities
-
Food and Groceries
-
Transportation
-
Healthcare and Insurance
-
Childcare and Education
-
Other Essential Needs
Why a Living Wage Matters
Understanding what a living wage means in Haverhill and Essex County helps you:
-
Set realistic salary goals for your future career
-
Plan your education and training to pursue jobs that provide financial stability
-
Make informed decisions about your career path and lifestyle
Cost of living varies depending on
-
Family size – A single adult needs less than a family with children.
-
Lifestyle choices – Expenses can differ based on housing type, transportation options, and more.
Plan Your Career with Confidence
Understanding the cost of living helps you:
-
Identify high-paying careers that match your skills and interests
-
Create a career plan that supports your financial goals
-
Choose educational paths that lead to living wage jobs
Calculate Your Living Wage
Developed by the Massachusetts Institute of Technology (MIT), this tool shows the minimum income required to meet basic needs for individuals and families in the Haverhill area.
The calculator breaks down costs by:
-
Food, Housing, Transportation, Healthcare, and More
-
Family size and composition
-
Location-specific expenses