2026 2 20 Strategic Summit Packet

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There were also differences in financial hardship by household type and age of householder.
HOUSEHOLD TYPE
AGE OF HOUSEHOLDER
The Cost of Basics Outpaces Wages
Household Survival Budget, McMinn County, Tennessee, 2023
Group
% Below ALICE Threshold
Single or Cohabiting (no children)
44% Married (with children)
23% Single-Female-Headed (with children)
75% Single-Male-Headed (with children)
58% Group
% Below ALICE Threshold
Under 25 Years
66% 25 to 44 Years
34% 45 to 64 Years
44% 65 Years and Over
55% Monthly Costs
Single Adult
One Adult,
One Child
One Adult,
One In
Child Care
Two
Adults
Two Adults
Two Children
Two Adults,
Two In
Child Care
Single
Adult 65+
Two
Adults 65+
Housing
$735 $788 $788 $788 $923 $923 $735 $788 Child Care
$0 $180 $479 $0 $359 $1,104 $0 $0 Food
$470 $796 $714 $863 $1,447 $1,277 $433 $794 Transportation
$414 $548 $548 $654 $941 $941 $344 $513 Health Care
$193 $487 $487 $487 $842 $842 $512 $1,025 Technology
$86 $86 $86 $116 $116 $116 $86 $116 Miscellaneous
$190 $289 $310 $291 $463 $520 $211 $324 Taxes
$254 $186 $219 $334 $282 $378 $299 $543 Monthly Total
$2,342 $3,360 $3,631 $3,533 $5,373 $6,101 $2,620 $4,103 ANNUAL TOTAL
$28,104 $40,320 $43,572 $42,396 $64,476 $73,212 $31,440 $49,236 Hourly Wage
$14.05 $20.16 $21.79 $21.20 $32.24 $36.61 $15.72 $24.62 
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