Have you ever wondered how much you need to earn to live comfortably in different parts of the United States? A recent CNBC article sheds light on this intriguing question, revealing stark contrasts in the financial requirements across the nation. For instance, did you know that a single adult in West Virginia can live comfortably on $80,829 annually, while other states demand six-figure salaries? (1) This data prompts us to consider how geography impacts financial well-being. What role should this information play in our financial planning?
Understanding these geographical disparities is crucial for making informed financial decisions. Whether you’re contemplating a move, planning for retirement, or simply curious about how your current situation compares, this information provides valuable context for your financial journey.
Breaking Down the Numbers
The CNBC report highlights significant variations in the cost of living across states. While West Virginia is the most affordable, many states require salaries well into six figures for comfortable living. These differences stem from various factors:
- Housing costs
- State and local taxes
- Healthcare expenses
- Transportation costs
- Food and entertainment prices
State-by-State Snapshot: Essential Figures
To bring these geographical financial disparities into sharper focus, let’s examine some specific numbers from select states, highlighting the diverse financial thresholds for comfortable living across the U.S.
- California: A single adult needs an annual salary of approximately $112,895 to live comfortably, driven by high housing and living costs. (1)
- New York: Comfortable living demands about $103,689 per year, significantly influenced by elevated state and local taxes. (1)
- Texas: A more moderate annual income of around $90,097 suffices, reflecting lower housing and tax expenses. (1)
- Florida: The Sunshine State requires roughly $89,106 annually, balancing relatively lower taxes with variable housing costs. (1)
- Illinois: To live comfortably, individuals need around $94,639, impacted by higher healthcare and transportation expenses. (1)
- West Virginia: As the most affordable state, a comfortable lifestyle is achievable at an annual income of about $80,829. (1)
- Hawaii: Conversely, Hawaii demands the highest, with an annual salary requirement of $128,066, driven largely by exorbitant housing and transportation costs. (1)
These examples underscore how significant the variance is from state to state. Such insights are crucial for individuals weighing career moves, retirement locations, or personal financial planning.
What This Means for You
As we navigate this complex financial landscape, it’s essential to consider how these geographical differences might impact your financial planning. Are you living in a state where your current salary allows for a comfortable living? If not, what adjustments might you need to make?
Remember, while this data provides valuable insights, it’s important to consider your unique circumstances. Factors such as personal financial goals, career opportunities, and lifestyle preferences all play crucial roles in determining what “comfortable living” means for you.
Looking Ahead
As we reflect on this information, let’s challenge ourselves to think critically about our financial situations. How can we use this knowledge to make more informed decisions about where we live, work, and plan for our futures? How might these geographical financial landscapes shift in the coming years, and how can we prepare for potential changes?
Understanding these financial realities across states empowers us to make more informed decisions about our financial futures. Whether you’re considering a move, planning for retirement, or simply want to gauge your financial health, this information serves as a valuable tool in your financial planning toolkit.
Interested in exploring how this data applies to your unique financial situation? We’re here to help. Schedule a complimentary meeting to discuss your financial landscape and how we can work together to navigate your path to financial well-being.
Source:
(1) CNBC. “Salary a Single Adult Needs to Live Comfortably in All 50 US States.” CNBC, 7 June 2025, www.cnbc.com/2025/06/07/salary-a-single-adult-needs-to-live-comfortably-in-all-50-us-states.html
This information is being provided only as a general source of information and is not intended to be the primary basis for investment decisions. It should not be construed as advice designed to meet the particular needs of an individual situation. Please seek the guidance of a financial professional regarding your particular financial concerns. Consult with your tax advisor or attorney regarding specific tax issues.
