12 states where you are 'rich' earning less than $ 100

If you are wondering, “How much does it take to become rich?”, The answer depends on where you live.

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To get rich in America, you need to earn 103 405 dollars, which is much less than many Americans think. However, in some states you need to earn even less.

For this study, GOBankingRates identified states in which rich people can earn less than 100 000 dollars.

12. Indiana

• You can be rich by earning $ 99 946

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Indiana can hardly be considered one of the states where income in $ 100 000 will make you rich, but it is.

The cost of living in Indiana is 10% lower than the national average. Housing is especially cheap, it occupies 11-th place in the country.

11. Montana

• You can be rich by earning $ 99 032

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State average incomes are higher than you might imagine, but you can still be rich in Montana by earning about $ 99 000.

Although the cost of living is almost 7% higher than the national average in Montana, some expenses, such as utilities, are among the lowest in the United States.

10. Oklahoma

• You can be rich by earning $ 97 568

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Income of less than $ 100 000 is sufficient to classify you as “rich” in Oklahoma.

In Oklahoma you can buy a nice house. Cost is approximately 28% lower than the national average.

9. Tennessee

• You can be rich by earning $ 97,093

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With an overall low cost of living, you can live in Tennessee at a lower cost than in most other places. Transportation and healthcare costs are especially low in the state.

8. South Carolina

• You can be rich by earning $ 96 939

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The cost of living in South Carolina is only 4% below the national average, but some expenses, such as housing, are especially cheap - 15% below the average.

7. Idaho

• You can be rich by earning $ 96 610

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Idaho is one of the few states not in the South or Midwest where a salary of less than $100 still puts you in the rich category.

The total cost of living in Idaho is below the national average, and the state also has the lowest utility costs in the United States. However, transportation costs are 6,7% higher than the national average.

6. New Mexico

• You can be rich by earning $ 96 486

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New Mexico is the only state in the southwest where you can make less than $100 and still be considered rich.

5. Alabama

• You can be rich by earning $ 95 866

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Alabama ranks third in the cost of housing in the country, which makes it an excellent staff for borrowers who own real estate. In general, the cost of living is more than 10% lower than the national average, which makes it easy to live on less than $ 100 000 per year.

4. Kentucky

• You can be rich by earning $ 94 677

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In Kentucky, the cost of living is below average, and food costs are especially low: the state ranks third in terms of the cheapness of food in the country. Housing expenses are almost 23% lower than the national average, which allows you to live in this state with lower incomes.

3. Arkansas

• You can be rich by earning $ 88 896

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Arkansas has the second lowest cost of living, with costs more than 13% lower than the national average. Health and transportation costs are the lowest in the country.

2. West Virginia

• You can be rich by earning $ 88 813

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The cost of living in West Virginia is about 9% lower than the national average. Utilities and healthcare are approximately 10% below average, and housing is especially affordable and more than 20% cheaper than national standards.

1. Mississippi

• You can be rich by earning $ 87 290

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The cost of living in Mississippi is the lowest among all states in America.

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