Here s how much you have to make to live comfortably across the us. Some states like new york require an annual income of 95 724 to live comfortably.
How much money do you need to make a year to live comfortably is a very common question.
How much money to make to live comfortably. Millennial money how a 24 year old who makes 100 000 and lives with her parents spends her money. But the living wage for other states like mississippi can be as low as 58 321. Charlotte north carolina median income.
This is not a get rich quick guide it s a system to make enough money to live comfortably. Take a look below and i think you ll walk away with a bit clearer of a picture. Working 16 hour days is not comfortable and is no way to live.
Once you get the wheels rolling you ll find that you can make more money if you work long hours. Kansas stands out as a reasonably affordable place to enjoy the good life 41 7k without spending too much time on the job 46 hours. Mississippi is the most affordable at 40 4k.
50 percent for necessities. Mit s living wage calculator shows what people in different areas of the country need to earn to live above the poverty line meaning in comfort with a more than basic food budget and perhaps a netflix account. 20 percent for savings.
Boston is one of just 13 cities where you ll need to make at least 100 000 a year to live comfortably whether you re renting or owning. Here s what you need to earn to live comfortably in your state. Whether we say it out loud or not its something we all wonder.
Yes you ll reach your financial goals sooner but you ll wear yourself out. The states where a comfortable life is within reach stretch across the south. 30 percent for discretionary spending 15 528.
While a 45 000 salary might be sufficient for a family of three in south dakota you would need close to 60 000 on average to keep up in hawaii connecticut massachusetts and new york and a. While it s still much higher than the median income of 44 709 a year the income needed to live comfortably while owning a home is just over 65 000 a year lower than every other city in the study save three. Fort worth is another city where the median income 52 492 is close to the ideal income needed to live well in the city just 733 a year short.
Making that much money would require average workers to clock 53 hours.