How much do you need to live comfortably in every US state? 2023 List REVEALED.

Across the country, the cost of housing, rent, gasoline, utilities, and, well, almost everything has risen.

A new survey has revealed how much someone needs to earn as a “living wage” in each of the 50 states to live comfortably.

The personal finance website GoBankingRates.com examined data from the United States. The Bureau of Labor Statistics and the state of Missouri conducted research to estimate how much single people, not couples or families, pay in needs each year. The sums were then quadrupled to account for discretionary expenditure and savings.

Hawaii ($112,411) has the highest living wage requirement for persons, followed by Massachusetts ($87,909) and California ($80,013).

According to the California Association of Realtors, the median price of a single-family home in California was $832,340 in August. Condominiums and townhomes average $645,000. Median rent is $2,912 per month.

Hawaii has a median home price of $713,000 and Massachusetts is $640,000. If you want to live cheaply, head to Mississippi ($45,906), Oklahoma ($46,024) and Alabama ($46,577).

RANKSTATEINCOME REQUIRED
1Mississippi$45,906
2Oklahoma$46,024
3Alabama$46,577
4Arkansas$47,111
5Kentucky$47,318
6Kansas$47,379
7West Virginia$47,732
8Missouri$47,771
9Iowa$48,518
12Tennessee$48,774
11Nebraska$49,009
10Georgia$49,051
13Illinois$49,372
14Wyoming$49,666
15Indiana$49,855
17Michigan$50,049
16Louisiana$50,087
18Ohio$50,157
19Texas$50,497
20New Mexico$51,214
21Minnesota$51,668
22South Dakota$52,095
23South Carolina$52,222
24North Dakota$52,807
25Wisconsin$53,122
26North Carolina$53,531
27Pennsylvania$53,838
28Utah$55,293
29Delaware$56,571
31Montana$57,056
30Florida$57,064
32Virginia$57,293
34Nevada$58,580
33Idaho$58,634
35Colorado$59,218
36Rhode Island$59,936
37Arizona$60,026
38Maine$60,862
39New Hampshire$62,935
40Connecticut$63,078
41New Jersey$64,463
42Washington$65,640
43Oregon$65,763
44Vermont$65,923
45Maryland$67,915
46Alaska$71,570
47New York$73,226
48California$80,013
49Massachusetts$87,909
50Hawaii$112,411

gobankingrates.com

Americans are feeling less confident financially as summer comes to an end and rising prices and interest rates weigh on people’s willingness to spend. The Conference Board, a business research organization, reported that its consumer confidence index fell to 106.1 in August from 114 in July.

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