How much money you have to live comfortably in your state
Using a classic budgeting rule, that's what you need where you live.
When it comes to money, most people think the more the merrier. Yet research shows thatbeyond a certain salaryYour life satisfaction and well-being do not increase your income. In fact, a study in 2018 by a team of Purdue University found that once you have reached a certain financial threshold, "increased income tended to be associated with a reduced life satisfaction and level of well-being lower. "Once you're comfortable, it means without majorfinancial worryWith some cash in hand for the little luxury - you can rest easy knowing that you've probably got the most money can buy happiness. But what dollar amount achieved this goal?
According GobankingRates financial management site, depending on your location. Their analysts are down to the brass taxWhat goes in life comfortably Across the United States, they interviewed people in 50 states in detail all the necessities of life, including housing, groceries, utilities, health care and transportation, to form a living index for each state. Using a fiscal rule "50-30-20" which Allit 50% of income for necessities, 30 for discretionary spending as needed and 20% for savings, the site then doubled the cost of necessities for find income "comfortable" in each place. . Read ahead to find out how much money you need to live comfortably in your home state!
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Alabama
Annual salary of life: $ 53,824
Alaska
Annual salary of life: $ 86.00
Arizona
Annual salary of life: $ 64,500
Arkansas
Annual salary of life: $ 53,067
California
Annual salary of life: $ 97,806
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Colorado
Annual salary of life: $ 66,443
Connecticut
Annual salary of life: $ 78.454
Delaware
Annual salary of life: $ 66,838
Florida
Annual salary of life: $ 63,645
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Georgia
Annual salary of life: $ 54,847
Hawaii
Annual salary of life: $ 141,680
Idaho
Annual salary of life: $ 59,153
Illinois
Annual salary of life: $ 59,690
Indiana
Annual salary of life: $ 55,583
Iowa
Annual salary of life: $ 57,104
Kansas
Annual salary of life: $ 54,570
Kentucky
Annual salary of life: $ 56,116
Louisiana
Annual salary of life: $ 57,984
Maine
Annual salary of life: $ 75.245
Maryland
Annual salary of life: $ 83,159
Massachusetts
Annual salary of life: $ 85,784
Michigan
Annual salary of life: $ 56,256
Annual salary of life: $ 62.105
Mississippi
Annual salary of life: $ 51.218
Missouri
Annual salary of life: $ 55.047
Montana
Annual salary of life: $ 62,649
Nebraska
Annual salary of life: $ 57,800
Nevada
Annual salary of life: 70 $ 163
New Hampshire
Annual salary of life: $ 67,926
New Jersey
Annual salary of life: $ 75,503
New Mexico
Annual salary of life: $ 56,291
new York
Annual salary of life: $ 99,778
North Carolina
Annual salary of life: $ 60,543
North Dakota
Annual salary of life: $ 62,259
Ohio
Annual salary of life: $ 56,856
Oklahoma
Annual salary of life: $ 53,824
Oregon
Annual salary of life: $ 88,394
Pennsylvania
Annual salary of life: $ 66,290
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Rhode Island
Annual salary of life: $ 74,971
Caroline from the south
Annual salary of life: $ 59,280
South Dakota
Annual salary of life: $ 64,796
Tennessee
Annual salary of life: $ 54,961
Texas
Annual salary of life: $ 57.160
Utah
Annual salary of life: $ 61,547
Vermont
Annual salary of life: 77,260 $
Virginia
Annual salary of life: $ 64,779
Washington
Annual salary of life: $ 72,761
Western Virginia
Annual salary of life: $ 54,703
Wisconsin
Annual salary of life: $ 61.365
Wyoming
Annual salary of life: $ 56,805
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