Living Wage Memo

From:             Leroy Shomin, Tribal Council Treasurer

Date:               12-08-2021

Re:                  Living Wage for January 1, 2022

 

Per Tribal Resolution #102619-05 Promotion of a Living Wage, the calculations for the Living Wage are as follows:

According to Rentdata.org for 2021, Fair Market Rent for a twobedroom
apartment in Emmet County is $876 per month and a threebedroom apartment is
$1,165, creating an average rent of $1,020.50.

Whereas based on the formula from the USDA and NAHASDA, monthly rate of
$1,020.50 for the average 2 to 3bedroom rental housing, multiplied by twelve
(12) months in a year, divided by thirty (30) percent, divided by standard hours of
2,080 per year ($1,020.50x12/.30/2080), sets the Living Wage for Emmet County
at $19.63 beginning January 1, 2022.

This memo shall be posted per Tribal Resolution #10261905 Promotion of a
Living Wage.

Living Wage Memo