This Is How Much Money You Need to Live Comfortably in Your State

Using a classic budgeting rule, this is how much you need where you live.

When it comes to money, most people think the more the merrier. Yet research shows that beyond a certain salary, your life satisfaction and well-being no longer increase with your income. In fact, a 2018 study from a team at Purdue University found that once you reach a certain financial threshold, "further increases in income tended to be associated with reduced life satisfaction and a lower level of well-being." Once you're comfortable—meaning free of major financial worry, with a bit of cash in hand for the little luxuries—you can rest easy knowing you've probably gotten the most happiness money can buy. But what dollar amount achieves that goal?

According to the financial management site GOBankingRates, that all depends on where you live. Their analysts got down to brass tax about what goes into living comfortably across the U.S. They surveyed people in all 50 states to itemize all of life's necessities, including housing, groceries, utilities, healthcare, and transportation, to form a living index for each state. Employing a "50-30-20" budget rule, which allots 50 percent of income for necessities, 30 for discretionary expenses as needed, and 20 percent for savings, the site then doubled the cost of necessities to find each location's "comfortable" income. Read on to find out how much money you need to live comfortably in your home state!

RELATED: This Is How Much Money You Need to Retire in Your State, According to Data.

Alabama

The skyline of Mobile, Alabama at dusk
iStock

Annual Living Wage: $53,824

Alaska

Anchorage Skyline with a winter reflection
iStock

Annual Living Wage: $86,002

Arizona

cityscape photo of downtown Scottsdale, Arizona at night
iStock

Annual Living Wage: $64,500

Arkansas

The skyline of Little Rock, Arkansas
iStock

Annual Living Wage: $53,067

California

walkway pier, palm trees, oceanside, california
Jon Bilous / Shutterstock

Annual Living Wage: $97,806

RELATED: This Is How Much Money People Your Age Make in Your State, Data Shows.

Colorado

Colorado
Shutterstock

Annual Living Wage: $66,443

Connecticut

cityscape photo of an empt parking lot, trees, buildings, and a busy highway in Hartford, Connecticut at sunset
Shutterstock

Annual Living Wage: $78,454

Delaware

canal next to a dock, restaurant, and roses in the foreground in Lewes, Delaware
iStock

Annual Living Wage: $66,838

Florida

cityscape photo of Florida City in Miami, Florida
Brester Irina / Shutterstock

Annual Living Wage: $63,645

RELATED: This Is How Much Money Makes You Middle Class in Your State, Data Shows.

Georgia

atlanta georgia
Shutterstock

Annual Living Wage: $54,847

Hawaii

An aerial photo of Waikiki Beach and downtown Honolulu, Hawaii with Diamond Head in the background
iStock

Annual Living Wage: $141,680

Idaho

boise idaho
Shutterstock

Annual Living Wage: $59,153

Illinois

the downtown area and bean in Chicago, Illinois
Shutterstock

Annual Living Wage: $59,690

Indiana

cityscape photo of Indianapolis, Indiana at night
Shutterstock

Annual Living Wage: $55,583

Iowa

white houses, green land and empty roads, photo taken from above, in Iowa City, Iowa
Shutterstock

Annual Living Wage: $57,104

Kansas

cityscape photo of Wichita, Kansas at dusk
Shutterstock

Annual Living Wage: $54,570

Kentucky

city skyline of downtown Louisville, Kentucky
Shutterstock

Annual Living Wage: $56,116

Louisiana

royal street in new orleans
iStock

Annual Living Wage: $57,984

Maine

townhouses and building behind a lake in Portland, Maine
Shutterstock

Annual Living Wage: $75,245

Maryland

cityscape photo of downtown Annapolis, Maryland at night
Shutterstock

Annual Living Wage: $83,159

Massachusetts

boston massachusetts street
Shutterstock/Sean Pavone

Annual Living Wage: $85,784

Michigan

ann arbor michigan street
Shutterstock/Paul Brady Photography

Annual Living Wage: $56,256

Minnesota, downtown Minneapolis
f11photo / Shutterstock

Annual Living Wage: $62,105

Mississippi

light house in biloxi, mississippi, dusk
Von Sean Pavone / Shutterstock

Annual Living Wage: $51,218

Missouri

fountain and park in Kansas City, Missouri
iStock

Annual Living Wage: $55,047

Montana

photo take by a drone of the Montana State Capitol in Helena, Montana
Shutterstock

Annual Living Wage: $62,649

Nebraska

The skyline of downtown Omaha, Nebraska during the day
iStock

Annual Living Wage: $57,800

Nevada

cityscape photos of building, casinos, and streets in Las Vegas, Nevada at night
Shutterstock

Annual Living Wage: $70,163

New Hampshire

townscape photo of Portsmouth, New Hampshire at sunset
Shutterstock

Annual Living Wage: $67,926

New Jersey

cityscape photo of buildings in downtown Jersey City, New Jersey
Shutterstock

Annual Living Wage: $75,503

New Mexico

cityscape photo of buildings and trees in Albuquerque, New Mexico
Shutterstock

Annual Living Wage: $56,291

New York

Crowded New York City sidewalk at sunset
Ryan DeBerardinis/Shutterstock

Annual Living Wage: $99,778

North Carolina

The skyline of Charlotte, North Carolina with fall foliage in the foreground
iStock

Annual Living Wage: $60,543

North Dakota

north dakota, bridge, water
CJ Cagney / Shutterstock

Annual Living Wage: $62,259

Ohio

cleveland ohio skyline
Shutterstock

Annual Living Wage: $56,856

Oklahoma

bricktown in oklahoma city, river,
Von Sean Pavone / Shutterstock

Annual Living Wage: $53,824

Oregon

cityscape photo of Eugene, Oregon at dusk
Shutterstock

Annual Living Wage: $88,394

Pennsylvania

city skyline of and boar crossing river in Pittsburgh, Pennsylvania
iStock

Annual Living Wage: $66,290

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Rhode Island

providence rhode island state capitol buildings
Shutterstock

Annual Living Wage: $74,971

South Carolina

landscape photo of a garden in Charleston, South Carolina
Shutterstock

Annual Living Wage: $59,280

South Dakota

A view of Rapid City, South Dakota at night, with a park in the foreground.
iStock

Annual Living Wage: $64,796

Tennessee

cityscape photo of buildings, a highway, and the Sunsphere in Knoxville, Tennessee
Shutterstock

Annual Living Wage: $54,961

Texas

city skyline of Dallas, Texas at dusk
iStock

Annual Living Wage: $57,160

Utah

cityscape photo of Center Street and downtown Provo, Utah at dusk
iStock

Annual Living Wage: $61,547

Vermont

Vermont
Sean Pavone / Shutterstock

Annual Living Wage: $77,260

Virginia

james river skyline, richmond, virginia
Sean Pavone / Shutterstock

Annual Living Wage: $64,779

Washington

cityscape photo of a flowing river, lake, and buildings in downtown Spokane, Washington

Annual Living Wage: $72,761

West Virginia

city skyline with a bridge, buildings, and the Kanawha River in Charleston, West Virginia
Shutterstock

Annual Living Wage: $54,703

Wisconsin

city skyline and Lake Michigan at twilight in Milwaukee, Wisconsin
Shutterstock

Annual Living Wage: $61,365

Wyoming

Road from Yellowstone National Park to Grand Teton National Park, Wyoming, USA - Image

Annual Living Wage: $56,805

RELATED: This Is How Much Money Makes You Rich in Your State, According to Data.

Lauren Gray
Lauren Gray is a New York-based writer, editor, and consultant. Read more
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