A new study found that living comfortably in Florida and Georgia requires a mid-range salary.
>>> STREAM ACTION NEWS JAX LIVE <<<
Smart Asset ranked all 50 states by the highest annual salary needed for a single adult to live comfortably. The company used the 50/30/20 rule, which recommends spending 50% of your budget on basic needs like food and housing, 30% on wants and 20% toward savings or paying off debt.
The organization then compared that to the cost of living in each state based on the MIT Living Wage Calculator.
[DOWNLOAD: Free Action News Jax app for alerts as news breaks ]
The study found that people living in Florida or Georgia need mid-range salaries to live comfortably.
Georgia ranked #15 most expensive state to live in overall. The hourly wage needed for a single adult is $46.58 and the salary wage is $96,886 a year.
However, Georgia drops to #27 for the income required for a family. The income needed for 2 working adults raising 2 children is $212,826 a year.