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Alabama. Comfortable wage: $56,646 Median income: $54,943 Alabama ranks No. 1 on this list in that it requires the least amount of money to live comfortably in the 50 states.
Costs related to activities like hobbies or entertainment are typically considered discretionary in the 50/30/20 rule, where needs are more narrowly defined as “the bills that you absolutely ...
Cost-of-living expenses in many American cities exceed what many households can afford. ... 22. Austin, Texas. Median income: $115,179. Population total ... Tennessee. Population total: 44,830 ...
The difference in housing costs from state to state is especially important. The Bureau of Economic Analysis has calculated that the regional price parity of U.S. states ranges from 84.4 in Mississippi (the cheapest state in which to live) to Hawaii at 119.3 (the most expensive state).
Savings needed to live comfortably to 100: $2,034,336. Tennessee has an almost 10% lower cost of living than the rest of the nation. ... Texas. Annual cost of living: $32,214. Total cost of living ...
Colorado. Cost of living compared to national average: 6% higher Cost of housing compared to national average: 20% higher Cost of utilities compared to national average: 9% lower Cost of food ...
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Hawaii was the state with the highest cost of living in the U.S. for 2023, according to research by the Missouri Economic Research and Information Center.Oklahoma had the lowest. How cost of ...