Undisciplined on Nostr: This is transparently stupid on it's face. Let's exercise better judgement when using ...

This is transparently stupid on it's face.

Let's exercise better judgement when using words like "needed" or "required".

quoting nevent1q…q653

This Is The Income Needed To Raise A Family In Each US State

This Is The Income Needed To Raise A Family In Each US State

Over 13 million families in the U.S. have https://www.statista.com/statistics/183790/number-of-families-in-the-us-by-number-of-children/
 living at home.

This graphic,https://www.visualcapitalist.com/mapped-the-income-needed-to-raise-a-family-by-u-s-state/#google_vignette
 compiled the data as of December 2024.




Methodology: GOBankingRates analyzed https://www.bls.gov/cex/notices/2024/annual-data-release-2023.htm
 data from the Bureau of Labor Statistics to estimate annual living expenses for a family of four across all 50 states. Costs included housing, groceries, utilities, healthcare, and transportation.

Hawaii and Massachusetts at the Top

A six-figure household income is required to raise a family of four in 26 states.

High taxes, strict land-use rules, and shipping costs make Hawaii the priciest state for families. The state is followed by Massachusetts and California at the top of the list.

Rank
State
Salary Needed
1
Hawaii
$259K
2
Massachusetts
$200K
3
California
$188K
4
New York
$156K
5
Alaska
$137K
6
Maine
$136K
7
New Jersey
$135K
8
Vermont
$132K
9
Oregon
$132K
10
Arizona
$131K
11
Washington
$131K
12
Utah
$128K
13
Connecticut
$127K
14
New Hampshire
$124K
15
Rhode Island
$123K
16
Nevada
$113K
17
Colorado
$113K
18
Florida
$112K
19
Virginia
$111K
20
Idaho
$107K
21
Wisconsin
$107K
22
Delaware
$107K
23
North Carolina
$105K
24
Wyoming
$101K
25
Illinois
$100K
26
South Dakota
$100K
27
Ohio
$99K
28
Maryland
$99K
29
Pennsylvania
$98K
30
South Carolina
$98K
31
Montana
$97K
32
Minnesota
$97K
33
New Mexico
$96K
34
Texas
$96K
35
Louisiana
$95K
36
North Dakota
$95K
37
Georgia
$95K
38
Nebraska
$94K
39
Michigan
$94K
40
Indiana
$94K
41
Kentucky
$93K
42
Tennessee
$92K
43
Missouri
$92K
44
Iowa
$92K
45
Oklahoma
$91K
46
Arkansas
$88K
47
Kansas
$88K
48
Alabama
$88K
49
Mississippi
$88K
50
West Virginia
$82K
At the bottom, West Virginia, Alabama, and Mississippi are the cheapest states to raise a family. In comparison, a family in Hawaii ($259,000) needs to earn more than three times what a family in West Virginia ($82,000) needs to raise a family of four.

If you enjoyed this post, be sure to check out https://www.voronoiapp.com/money/-Breaking-Down-the-Average-Household-Budget-in-America-3598
, which shows what the average American household’s monthly budget looks like, including savings, taxes, and all other expenditure.

https://cms.zerohedge.com/users/tyler-durden

Sun, 01/26/2025 - 13:25

https://www.zerohedge.com/personal-finance/income-needed-raise-family-each-us-state