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Title: The Income A Family Needs To Live Comfortably In Every US State
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URL Source: https://www.zerohedge.com/personal- ... ive-comfortably-every-us-state
Published: May 23, 2024
Author: Tyler Durden
Post Date: 2024-05-23 23:05:06 by Horse
Keywords: None
Views: 125
Comments: 1
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. 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. 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. Poster Comment: Chart at source. Tn is 42nd in terns of cost of living. 
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