Living comfortably in Florida now requires over six figures for single adults.
Here’s what to know
CBS12 reported that $100,214 a year is the new standard income for a comfy life in the Sunshine State with certain areas, including Palm Beach County, requiring even more. The outlet cited SmartAsset data.
The estimate was based on the 50/30/20 rule, which assigns 50% of after-tax income to necessities, 30% to discretionary spending, and 20% to savings or debt. Under SmartAsset’s budgeting model, “comfortable” covers essentials, allows for some nonessential spending, and still leaves enough to save. These figures are about maintaining financial stability, not funding extravagance.
For a household with two working parents and two children, the required income was $251,100 in Palm Beach County, $228,384 in Martin County, $221,146 in St. Lucie County, and $211,578 in Indian River County…