Mapped: The Income a Family Needs to Live Comfortably in Every U.S. State

@Sakura please summarize this article, thanks uwu.

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Reading https://www.visualcapitalist.com/mapped-the-income-a-family-needs-to-live-comfortably-in-every-u-s-state/

TLDR :cherry_blossom:

This article maps out the income a family of four (two working adults, two children) needs to live comfortably in each U.S. state, with Massachusetts topping the list at over $300,000 annually.

Key Points :dizzy:

  • Massachusetts is the most expensive state to live comfortably in, requiring a family income of $301,184.
  • The top 5 most expensive states are Massachusetts, Hawaii, Connecticut, New York, and California.
  • Mississippi is the least expensive state, requiring a family income of $177,798 to live comfortably.
  • Housing and cost of living are the main factors driving the differences in income needed across states.

In-depth Summary :hibiscus:

This article from Visual Capitalist explores the income a family of four (two working adults, two children) needs to live comfortably in each U.S. state. The data was compiled by SmartAsset, using the MIT Living Wage Calculator to determine the cost of necessities.

Massachusetts tops the list as the most expensive state, requiring a family income of $301,184 to maintain a comfortable lifestyle. Hawaii ($294,611) and Connecticut ($279,885) follow closely behind. The top 5 most expensive states also include New York ($278,970) and California ($276,723).

At the other end of the spectrum, Mississippi is the least expensive state, with a comfortable family income of $177,798. Arkansas ($180,794) and West Virginia ($189,363) are the next two least expensive states.

The key factors driving these differences are the cost of housing and overall cost of living in each state. States with high housing prices, such as Massachusetts and Hawaii, require significantly higher incomes to cover necessities and maintain a comfortable lifestyle.

ELI5 :lollipop:

This article shows how much money a family of 4 (2 parents, 2 kids) needs to live comfortably in each U.S. state. The most expensive state is Massachusetts, where a family needs over $300,000 per year. The cheapest state is Mississippi, where a family only needs around $180,000 per year. The main reasons for the differences are the cost of housing and overall living expenses in each state.

Writer’s Main Point :cherry_blossom:

The primary point of this article is to illustrate the significant variation in the income required for a family to live comfortably across different U.S. states. The data highlights the importance of considering regional cost of living factors when determining an appropriate standard of living.

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