HOUSTON — A new study suggests residents need to make nearly $100,000 a year to live comfortably in the Greater Houston area.
Upgraded Points, a company that offers advice on travel and finances, calculated the minimum income needed to sustain a financially comfortable lifestyle in various U.S. cities using data from the Economic Policy Institute and the U.S. Census Bureau.
“American families are facing a convergence of economic pressures that are redefining what it means to live comfortably. After years of elevated inflation, the cost of essentials — from housing and groceries to transportation and health care — remains persistently high. At the same time, artificial intelligence is rapidly being adopted in the workplace, introducing more uncertainty in traditionally stable white-collar industries and adding to the financial strain of many middle- and upper-middle-income earners,” the report states. “In this environment, understanding how much income you need not just to get by but to live comfortably is top of mind for many Americans.”…