What Is Poverty?

Family Size

Gross Yearly Income

Gross Monthly Income

Approximate Hourly Income

1

$9,310

$776

$4.48

2

$12,490

$1,041

$6.00

3

$15,670

$1,306

$7.53

4

$18,850

$1,571

$9.06

5

$22,030

$1,836

$10.59

6

$25,210

$2,101

$12.12

7

$28,390

$2,366

$13.65

8

$31,570

$2,631

$15.18

Over 8 add per child

+$3,180

+$265

+$1.53

Source: Federal Register Vol. 69, No. 30, February 13, 2004, pp. 7335-7338. Monthly and hourly data calculated by OCPP and rounded to the nearest dollar and cent, respectively. The hourly rate is based on 40 hours of work per week for a full year (2080 hours).

Federal Poverty Guidelines: In February of each year the Federal Government releases an official income level for poverty called the Federal Poverty Guidelines, and often informally referred to as the "Federal Poverty Level". The benefit levels of many low-income assistance programs are based on these poverty figures.