How much do you need to earn to live comfortably in California and other states

Do you think you earn enough to afford a comfortable life? High inflation and the high cost of living make it hard to feel financially secure. How much do you need to earn in various US cities to live comfortably, the publication said. KTLA.

Photo: IStock

Using data from MIT's latest cost of living calculator and the 50/30/20 budgeting method, Smart Asset calculated the after-tax salary that one person without children must earn to "live comfortably" in the 25 largest US cities.

The 50/30/20 budgeting method divides the budget into three categories: basic living expenses, discretionary spending, and saving or paying off debt.

On the subject: Joy to Work: 37 Jobs with Lowest Stress and Good Pay

The budget method involves using 50% of your salary to cover basic living expenses, such as rent and bills; 30% will be used for personal expenses and 20% will be placed in a savings account or used to pay off debt.

The data used in the study analyzed the cost of living in each city as of 2022.

According to these figures, in California cities such as Los Angeles, Berkeley and San Diego, one person must earn more than $76 to "live comfortably."

So, how much do people need to earn (after taxes) to afford living in California cities:

• San Francisco-Oakland-Berkeley - $84
• San Diego-Chula Vista-Carlsbad - $79
• Los Angeles-Long Beach-Anaheim - $76
• Riverside-San Bernardino-Ontario - $67

No wonder people living in California need high salaries to "live comfortably."

In contrast, residents of St. Louis, Detroit, and San Antonio only need to earn between $57 and $000 after taxes to afford a comfortable life.

You may be interested in: top New York news, stories of our immigrants and helpful tips about life in the Big Apple - read it all on ForumDaily New York

But these cities do not require a high salary (after taxes):

• St. Louis (Missouri) - $57
• Detroit-Warren-Dearborn (Michigan) - $58
• San Antonio-New Braunfels (TX) - $59
• Philadelphia (Pennsylvania), Camden (New Jersey), Wilmington (Delaware) - $61
• Charlotte-Concord-Gastonia (North Carolina) - $62
• Houston-The Woodlands-Sugar Land (TX) - $62

Read also on ForumDaily:

How much do you need to earn to live comfortably in California and other states

Top 15 Mistakes Everyone Makes When Shopping at Trader Joe's

Bonuses and Free Food: Which Restaurants Offer the Best Loyalty Programs

Convenient and fast: the best apps for buying & selling used furniture and household items

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.