The Income A Family Needs To Live Comfortably In Every US State
Families in the top five most expensive U.S. states require an annual income exceeding $270,000 to live comfortably.
This visualization, via Visual Capitalist’s Bruno Venditti, illustrates the income necessary for two working adults with two children to maintain a comfortable lifestyle in each state.
“Comfortable” is defined as the income needed to cover a 50/30/20 budget, with 50% allocated to necessities like housing and utilities, 30% to discretionary spending, and 20% to savings or investments.
The calculations for family income needed in each state were done by SmartAsset, using the cost of necessities sourced from the MIT Living Wage Calculator, last updated on Feb. 14, 2024.
Massachusetts Tops the List
Massachusetts is the most expensive state to live comfortably in, requiring a total family income of about $301,184. Hawaii ($294,611) comes in second, followed by Connecticut ($279,885).
Housing is one main reason Massachusetts is an expensive state to live in, particularly in the Boston area. In addition, the state also has a high cost of living, including expenses such as healthcare and utilities.
| Rank | State | Income for 2 working adults raising 2 children |
|---|---|---|
| 1 | Massachusetts | $301,184 |
| 2 | Hawaii | $294,611 |
| 3 | Connecticut | $279,885 |
| 4 | New York | $278,970 |
| 5 | California | $276,723 |
| 6 | Colorado | $264,992 |
| 7 | Washington | $257,421 |
| 8 | Oregon | $257,338 |
| 9 | New Jersey | $251,181 |
| 10 | Rhode Island | $249,267 |
| 11 | Vermont | $248,352 |
| 12 | Minnesota | $244,774 |
| 13 | New Hampshire | $244,109 |
| 14 | Alaska | $242,611 |
| 15 | Maryland | $239,450 |
| 16 | Nevada | $237,286 |
| 17 | Virginia | $235,206 |
| 18 | Illinois | $231,962 |
| 19 | Arizona | $230,630 |
| 20 | Pennsylvania | $230,464 |
| 21 | Maine | $229,549 |
| 22 | Delaware | $228,966 |
| 23 | Wisconsin | $225,056 |
| 24 | Utah | $218,483 |
| 25 | Michigan | $214,490 |
| 26 | Nebraska | $213,075 |
| 27 | Georgia | $212,826 |
| 28 | Montana | $211,411 |
| 28 | Iowa | $211,411 |
| 30 | Idaho | $211,245 |
| 31 | North Carolina | $209,331 |
| 31 | Ohio | $209,331 |
| 33 | Florida | $209,082 |
| 34 | Indiana | $206,003 |
| 35 | New Mexico | $203,923 |
| 36 | Wyoming | $203,424 |
| 37 | Missouri | $202,259 |
| 38 | North Dakota | $202,176 |
| 39 | Texas | $201,344 |
| 40 | South Carolina | $200,762 |
| 41 | Kansas | $196,768 |
| 42 | Tennessee | $195,770 |
| 43 | Oklahoma | $194,106 |
| 44 | Alabama | $193,606 |
| 45 | South Dakota | $192,608 |
| 46 | Kentucky | $190,112 |
| 47 | Louisiana | $189,613 |
| 48 | West Virginia | $189,363 |
| 49 | Arkansas | $180,794 |
| 50 | Mississippi | $177,798 |
Meanwhile, Mississippi is the least expensive state for a family to live comfortably, requiring $177,798 per year. Arkansas ($180,794) comes in second, followed by West Virginia ($189,363). In common, all these states share low prices of housing.
If you enjoyed this post, be sure to check out this graphic, which ranks the median down payment for a house by U.S. state.
Tyler Durden Thu, 05/23/2024 – 21:20
Source: https://freedombunker.com/2024/05/23/the-income-a-family-needs-to-live-comfortably-in-every-us-state/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Humic & Fulvic Liquid Trace Mineral Complex
HerbAnomic’s Humic and Fulvic Liquid Trace Mineral Complex is a revolutionary New Humic and Fulvic Acid Complex designed to support your body at the cellular level. Our product has been thoroughly tested by an ISO/IEC Certified Lab for toxins and Heavy metals as well as for trace mineral content. We KNOW we have NO lead, arsenic, mercury, aluminum etc. in our Formula. This Humic & Fulvic Liquid Trace Mineral complex has high trace levels of naturally occurring Humic and Fulvic Acids as well as high trace levels of Zinc, Iron, Magnesium, Molybdenum, Potassium and more. There is a wide range of up to 70 trace minerals which occur naturally in our Complex at varying levels. We Choose to list the 8 substances which occur in higher trace levels on our supplement panel. We don’t claim a high number of minerals as other Humic and Fulvic Supplements do and leave you to guess which elements you’ll be getting. Order Your Humic Fulvic for Your Family by Clicking on this Link , or the Banner Below.
Our Formula is an exceptional value compared to other Humic Fulvic Minerals because...
It’s OXYGENATED
It Always Tests at 9.5+ pH
Preservative and Chemical Free
Allergen Free
Comes From a Pure, Unpolluted, Organic Source
Is an Excellent Source for Trace Minerals
Is From Whole, Prehisoric Plant Based Origin Material With Ionic Minerals and Constituents
Highly Conductive/Full of Extra Electrons
Is a Full Spectrum Complex
Our Humic and Fulvic Liquid Trace Mineral Complex has Minerals, Amino Acids, Poly Electrolytes, Phytochemicals, Polyphenols, Bioflavonoids and Trace Vitamins included with the Humic and Fulvic Acid. Our Source material is high in these constituents, where other manufacturers use inferior materials.
Try Our Humic and Fulvic Liquid Trace Mineral Complex today. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,615,468,119 |
| Stories: | 8,186,138 |
Whistler Blowers, Insiders
