The income a family of 4 needs to live comfortably in every state
Written by Black Hot Fire Network on April 20, 2024
"Comfortable" is defined as the income needed to cover a 50/30/20 budget for a family of four. The budget allocates 50% of your earnings for necessities such as housing and utility costs, 30% for discretionary spending and 20% for savings or investments.
SmartAsset extrapolated the income needed for a 50/30/20 budget based on the cost of necessities, using data from the MIT Living Wage Calculator.
Here's a look at how much income a family of four needs to live comfortably in . . .
