Here’s what you need to make as a single person in the U.S.
It might be time for a side hustle to increase your cash flow!
GOBankingRates.com, which calculated the salary you need to get by as a single person following the 50/30/20 budget broke it down for us.
- In Hawaii, the living wage for single workers is $112,411, the highest in the U.S. In Mississippi, however, the living wage is just $45,906, according to data from personal finance website GOBankingRates.com
Here is a look at the top 5.
- Hawaii: $112,411
- Massachusetts: $87,909
- California: $80,013
- New York: $73,226
- Alaska: $71,570
- Location also plays a role. Individuals who earn around $57,200 can live comfortably in more rural states in the South and Midwest, where living costs are much lower.
Kentucky Annual living wage for a single person: $47,318
Michigan Annual living wage for a single person: $50,049
Ohio Annual living wage for a single person: $50,157