Smart Asset ranked all 50 states by the highest annual salary needed for a single adult to live in comfort. The company used the 50/30/20 rule, which recommends spending 50% of your budget on basic needs like food and housing, 30% on wants and 20% toward savings or paying off debt.
They then compared that to cost of living in each state based on the MIT Living Wage Calculator.
For a single, working adult, the study determined that you need to make $96,886 in Georgia to live comfortably. Two working adults raising two children will have to make $212,826 to live comfortably.
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