The Poverty Premium Calculator

How much more does it cost to be poor? Adjust your income and find out.

$2,500/mo
$800/mo Federal poverty line (single): ~$1,275/mo $8,000/mo
Total Annual Poverty Premium
$0
per year in extra costs for being poor
0% of annual income
Sources: Brookings Institution, "The Hidden Cost of Being Poor" (2015, updated); FDIC National Survey of Unbanked and Underbanked Households (2021);
USDA Economic Research Service food price data; CFPB Payday Lending Report; Bureau of Labor Statistics Consumer Expenditure Survey.
Figures are national averages โ€” actual costs vary by location.