On minimum wage, no, people generally don’t. Then again, you don’t have to pay for health care, and the state does provide some retirement money.
It’s also possible to live more cheaply, for example if you live in a cheaper city and rent somewhere modest. However it is a problem- there is a housing shortage that means housing is much more expensive than it was even twenty years ago.
The average person is earning about twice as much as the minimum wage. Nurses and teachers, for example, make about £20,000 when they start out.