NASHVILLE, Tenn. (WSMV) – A new study has found how much people would need to earn to “live comfortably” in cities across the U.S.
The study from Upgraded Points reports that the average single American would need at least $106,745 to live comfortably.
So, what does “live comfortably” look like? According to the study, living comfortably includes looking at income for the following factors:
- Neccessities (50%)
- Discretionary Spending (30%)
- Savings/Debt (20%)
“Nationally, a single adult with no children in 2025 would need $106,745 per year in pretax income to stay within this budget structure. For 2 adults with no children, the threshold rises to a combined $138,643. Costs increase significantly with the addition of children: A 2-parent household would need $194,038 with 1 child, $233,158 with 2, and $278,252 with 3.”…