Home Business Here’s the income you need to live comfortably in every state in the US – Business Insider

Here’s the income you need to live comfortably in every state in the US – Business Insider

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Here’s the income you need to live comfortably in every state in the US – Business Insider

The annual income needed to live comfortably in New York (and still have savings) is $95,724.
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The cost of living is notoriously high in the US – but it can vary widely from state to state.GoBankingRates recently released a report determining the “living wage” necessary to live comfortably in each US state.Some states, like New York, require an annual income of $95,724 to live comfortably. But the living wage for other states, like Mississippi, can be as low as $58,321.Visit Business Insider’s homepage for more stories.Living paycheck to paycheck is an unfortunately common hallmark of American life.Having it all — the ability to cover basic expenses, while still having “fun money” and contributing to savings — can be a difficult feat.That total amount — also known as an annual “living wage” — varies significantly depending on what state you’re in.GoBankingRates recently determined the necessary living wage in each state using data from the Bureau of Labor Statistics and the 50/30/20 budgeting rule. This popular general budgeting rule allocates 50% of annual income to necessities like housing, 30% to discretionary expenses like travel, and the remaining 20% to savings.The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi with $58,321. The state with the highest living wage is Hawaii with $136,437. Other expensive states (unsurprisingly) included New York and California, which have notoriously high costs of living and expensive housing markets.Keep reading to see what the annual living wage necessary is to live comfortably in every US state, listed in alphabetical order by state name. Also included is the actual median household income in each state according to 2018 data from the US Census Bureau and the median price of homes listed for sale in each state from Zillow.

The living wage in Alabama is $60,016.

Huntsville, Alabama.

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Median household income in 2018: $61,584Median price of homes currently listed: $219,900

The living wage in Alaska is $91,996.

Anchorage, Alaska.
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Median household income in 2018: $74,346Median price of homes currently listed: $288,000

The living wage in Arizona is $68,504.

Phoenix, Arizona.
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Median household income in 2018: $59,246Median price of homes currently listed: $295,000

The living wage in Arkansas is $59,641.

Little Rock, Arkansas.
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Median household income in 2018: $47,062Median price of homes currently listed: $178,500

The living wage in California is $99,971.

Los Angeles, California.
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Median household income in 2018: $75,277Median price of homes currently listed: $549,000

The living wage in Colorado in $74,215.

Denver, Colorado.

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Median household income in 2018: $71,953Median price of homes currently listed: $427,300

The living wage in Connecticut is $90,278.

New London, Connecticut.

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Median household income in 2018: $76,348Median price of homes currently listed: $324,900

The living wage in Delaware is $71,254.

South Bethany Beach, Delaware.
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Median household income in 2018: $64,805Median price of homes currently listed: $300,000

The living wage in Florida is $67,614.

Orlando, Florida.
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Median household income in 2018: $55,462Median price of homes currently listed: $296,000

The living wage in Georgia is $62,074.

Savannah, Georgia.
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Median household income in 2018: $58,756Median price of homes currently listed: $260,000

The living wage in Hawaii is $136,437.

Oahu, Hawaii.
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Median household income in 2018: $80,212Median price of homes currently listed: $630,000

The living wage in Idaho is $66,486.

Hailey, Idaho.
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Median household income in 2018: $55,583Median price of homes currently listed: $334,900

The living wage in Illinois is $66,847.

Chicago, Illinois.
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Median household income in 2018: $65,030Median price of homes currently listed: $235,950

The living wage in Indiana is $62,086.

Fort Wayne, Indiana.
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Median household income in 2018: $55,746Median price of homes currently listed: $189,900

The living wage in Iowa is $63,397.

Des Moines, Iowa.
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Median household income in 2018: $59,955Median price of homes currently listed: $175,000

The living wage in Kansas is $62,090.

Wichita, Kansas.
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Median household income in 2018: $58,218Median price of homes currently listed: $190,000

The living wage in Kentucky is $63,086.

Louisville, Kentucky.

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Median household income in 2018: $50,247Median price of homes currently listed: $195,000

The living wage in Louisiana is $63,842.

New Orleans, Louisiana.

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Median household income in 2018: $58,218Median price of homes currently listed: $190,000

The living wage in Maine is $80,336.

Portland, Maine.
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Median household income in 2018: $55,602Median price of homes currently listed: $250,000

The living wage in Maryland is $92,227.

Baltimore, Maryland.
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Median household income in 2018: $83,242Median price of homes currently listed: $325,000

The living wage in Massachusetts is $93,895.

Boston, Massachusetts.

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Median household income in 2018: $79,835Median price of homes currently listed: $468,500

The living wage in Michigan is $67,712.

Grand Rapids, Michigan.

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Median household income in 2018: $56,697Median price of homes currently listed: $189,000

The living wage in Minnesota is $68,944.

Minneapolis, Minnesota.
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Median household income in 2018: $70,315Median price of homes currently listed: $274,900

The living wage in Mississippi is $58,321.

Jackson, Mississippi
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Median household income in 2018: $44,717Median price of homes currently listed: $188,000

The living wage in Missouri is $60,858.

St. Louis, Missouri.
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Median household income in 2018: $54,478Median price of homes currently listed: $189,900

The living wage in Montana is $70,719.

Missoula, Montana.
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Median household income in 2018: $55,328Median price of homes currently listed: $325,000

The living wage in Nebraska is $65,162.

Lincoln, Nebraska.

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Median household income in 2018: $59,566Median price of homes currently listed: $212,000

The living wage in Nevada is $75,902.

Reno, Nevada.
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Median household income in 2018: $58,646Median price of homes currently listed: $324,900

The living wage in New Hampshire is $74,415.

Concord, New Hampshire.
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Median household income in 2018: $74,991Median price of homes currently listed: $304,900

The living wage in New Jersey is $86,244.

Jersey City, New Jersey.
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Median household income in 2018: $81,740Median price of homes currently listed: $345,000

The living wage in New Mexico is $63,629.

Albuquerque, New Mexico.
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Median household income in 2018: $47,169Median price of homes currently listed: $240,000

The living wage in New York is $95,724.

New York, New York.
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Median household income in 2018: $67,844Median price of homes currently listed: $399,900

The living wage in North Carolina is $64,406.

Charlotte, North Carolina.

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Median household income in 2018: $53,855Median price of homes currently listed: $274,900

The living wage in North Dakota is $69,085.

Fargo, North Dakota.
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Median household income in 2018: $63,837Median price of homes currently listed: $223,900

The living wage in Ohio is $63,204.

Columbus, Ohio.
Raymond Boyd/Getty

Median household income in 2018: $56,111Median price of homes currently listed: $176,900

The living wage in Oklahoma is $60,318.

Tulsa, Oklahoma.
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Median household income in 2018: $51,924Median price of homes currently listed: $190,000

The living wage in Oregon is $93,285.

Eugene, Oregon.
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Median household income in 2018: $63,426Median price of homes currently listed: $388,000

The living wage in Pennsylvania is $68,581.

Philadelphia, Pennsylvania.
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Median household income in 2018: $60,905Median price of homes currently listed: $216,995

The living wage in Rhode Island is $83,942.

Providence, Rhode Island.
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Median household income in 2018: $64,340Median price of homes currently listed: $324,000

The living wage in South Carolina is $65,953.

Charleston, South Carolina.
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Median household income in 2018: $52,306Median price of homes currently listed: $249,500

The living wage in South Dakota is $67,657.

Yankton, South Dakota.

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Median household income in 2018: $56,274Median price of homes currently listed: $225,000

The living wage in Tennessee is $60,682.

Chattanooga, Tennessee.
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Median household income in 2018: $52,375Median price of homes currently listed: $255,900

The living wage in Texas is $63,469.

Austin, Texas.
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Median household income in 2018: $60,629Median price of homes currently listed: $279,000

The living wage in Utah is $67,807.

Salt Lake City, Utah.

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Median household income in 2018: $71,414Median price of homes currently listed: $367,400

The living wage in Vermont is $83,878.

Charlotte, Vermont.
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Median household income in 2018: $60,782Median price of homes currently listed: $275,000

The living wage in Virginia is $69,886.

Norfolk, Virginia.
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Median household income in 2018: $72,577Median price of homes currently listed: $310,325

The living wage in Washington is $77,207.

Seattle, Washington.
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Median household income in 2018: $74,073Median price of homes currently listed: $419,900

The living wage in West Virginia is $62,635.

Charleston, West Virginia.

Sean Pavone/Shutterstock

Median household income in 2018: $44,097Median price of homes currently listed: $165,700

The living wage in Wisconsin is $67,667.

Milwaukee, Wisconsin.
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Median household income in 2018: $60,773Median price of homes currently listed: $219,900

The living wage in Wyoming is $61,788.

Jackson Hole, Wyoming.
Katie Warren/Business Insider

Median household income in 2018: $61,584Median price of homes currently listed: $264,900

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