US EditionAdults making under $80K can’t afford to live comfortably in any state: report
- SmartAsset’s report released on June 4 reveals that individuals making under $80,000 annually cannot afford a comfortable lifestyle in any U.S. State.
- The report relied on data from MIT's Living Wage Calculator to establish baseline living expenses for individuals living alone as well as for households consisting of two parents and their two children.
- West Virginia ranks as the most budget-friendly state for single adults, where an annual income of about $80,829 suffices to live comfortably. In contrast, salaries needed in 31 states exceed $90,000, with 15 of those—primarily located along the coastal regions—requiring more than $100,000.
- Households consisting of two adults and two children generally require an income exceeding $200,000 to maintain a comfortable standard of living in most states, with Massachusetts being the priciest at $313,747 and Mississippi the most affordable at $186,618.
- The report implies rising living costs, as individuals and families need roughly $5,844 and $9,360 more than last year for a comfortable budget respectively.
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16 Articles
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It takes a shocking amount of money to live comfortably in any state in America, report says
A single adult earning less than $80,000 per year cannot afford to live comfortably in a single U.S. state, a new report found.The report, released by SmartAsset on June 4, also revealed that families of four must earn more than $200,000 to live comfortably in nearly every state.
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Colorado Springs Gazette
Adults making under $80K can’t afford to live comfortably in any state: report
A single adult earning less than $80,000 per year cannot afford to live comfortably in a single U.S. state, a new report found.
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