The average income in the US is $ 70, but in 000 states it is impossible to survive on this money - ForumDaily
The article has been automatically translated into English by Google Translate from Russian and has not been edited.
Переклад цього матеріалу українською мовою з російської було автоматично здійснено сервісом Google Translate, без подальшого редагування тексту.
Bu məqalə Google Translate servisi vasitəsi ilə avtomatik olaraq rus dilindən azərbaycan dilinə tərcümə olunmuşdur. Bundan sonra mətn redaktə edilməmişdir.

The average income in the US is $70, but in 000 states it is impossible to survive on this money.

The cost of making ends meet could range up to $80 depending on which state you live in, according to a new analysis. CNBC.

Photo: IStock

The median annual cost of living, defined as the minimum amount needed to cover retirement savings, is $61 per household in the United States. The average income just corresponds to the living wage and is $617.

On the subject: Named the most affordable place in the US for long-term rental housing: it is also near the sea

However, in the 15 states with the highest cost of living, you will need to earn more than $70 a year to cover expenses. Of the 000 states, Hawaii has the highest cost of living at $50 and the lowest is $132 in Mississippi.

Here are the 15 states with the highest living wages:

  • Hawaii: $ 132 912
  • New York: $ 101 995
  • California: $ 94 778
  • Massachusetts: $86
  • Alaska: $ 85 083
  • Oregon: $ 82 926
  • Maryland: $ 82 475
  • Vermont: $ 78 561
  • Connecticut: $ 76 014
  • Washington: $ 73 465
  • Maine: $ 73 200
  • New Jersey: $ 72 773
  • New Hampshire: $72
  • Rhode Island: $ 71 334

These states tend to have higher costs for housing, taxes, food, healthcare, utilities, and transportation. Compared to other states, Hawaii's outlying islands have a limited supply of land and higher costs for importing goods, which explains their superiority in the ranking of the most expensive regions.

On the positive side, people living in these states tend to get more. Household incomes in all 2020 states with the highest cost of living exceed the national average of $15, with the exception of Maine, which earns an average of $68 a year, according to 703 data from the St. Louis Federal Reserve.

In most of these states, the median household income is in the $70 to $000 range, with Maryland having a median income of $90. Of course, many people in these states are on the minimum wage and earn less than $000 a year on a 94 hour work day. week, well below the living wage.

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.

This study defines a “living wage” as the income you need to cover essential and discretionary expenses and contribute to retirement savings.

These spending estimates were calculated using the most recent Bureau of Labor Statistics consumer spending data. The analysis then used the 50/30/20 rule, which divides income as follows: 50% for essentials like rent or food, 30% for discretionary expenses like going to the movies, and 20% for savings or investments.

Read also on ForumDaily:

A teenager fell into a coma and died because of the TikTok challenge: this online test has already killed dozens of children

'Arrived with $ 6': how a Ukrainian achieved the title of one of the most promising US scientists

How to make money by watching Internet content: there is an application that pays for what you already do every day

Miscellanea Educational program living wage state rating
Subscribe to ForumDaily on Google News

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. Choose the "Display Priority" option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there are many interesting things. And join thousands of readers ForumDaily New York – there you will find a lot of interesting and positive information about life in the metropolis. 

1069 requests in 1,354 seconds.