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Chart 7 <br /> TEMPORARY ASSISTANCE For NEEDY FAMILIES <br /> y 300 .;:.; <br /> 0 <br /> J <br /> O <br /> 250 ''`` <br /> W <br /> N <br /> 200 <br /> X. <br /> O <br /> 150 <br /> u. <br /> O <br /> 100 <br /> X. <br /> o: <br /> W <br /> m <br /> 50 <br /> Z <br /> 0 , <br /> 1 2 3 4 5 6 <br /> NUMBER OF PEOPLE IN BUDGET <br /> Method 3 - Federal Minimum Wage Adjusted' <br /> A third method would be to apply the minimum wage. The historical minimum wage, adjusted to <br /> today's dollars, totals $6.56. Adjusted to the cost of living for Chapel Hill, it equals $7.51. <br /> Adjusted for the region, it equals $6.76. <br /> Method 4 - Local Wages <br /> A fourth method would be to examine local median family incomes or percentages of income. <br /> Chart 8 provides that information. These measures are sometimes used by local governments to <br /> qualify families for subsidized housing. <br /> CHARTS <br /> 1997 Income Limits for Raleigh- urham MSA YVage Per Hour <br /> -Family Size 1 2 3 4 5 <br /> 50%Median $ 8.80 $ 10.05 $ 11.32 $ 12.57 $ 13.58 <br /> 60%Median $ 10.56 $ 12.06 $ 13.59 $ 15.09 $ 16.30 <br /> 80%Median $ 14.09 $ 16.08 $ 18.10 $ 20.12 $ 21.73 <br /> Median $ 17.60 $ 20.10 $ 22.64 $25.14 $ 27.16 <br /> Regardless of the method used, a consideration is that some ordinances also require fringe <br /> benefits or an addition to hourly wages in lieu of benefits. Jersey City requires vacation and <br /> health benefits for full-time workers. Los Angeles adds $1.25 per hour to the minimum if health <br /> benefits are not included. <br />