How much does a family really need for cost of living, by state

How much does a family really need for cost of living, by state

Michael B. Sauter

As of 2018, 10.3% of Americans were in families in poverty. But this national figure is only a very crude indication of the actual financial situation of a family of different sizes and in different parts of the country.

Across the country, two families could earn the same income each year, but depending on the situation in which they live, one could live comfortably, while the other struggles or by rely on social assistance to provide a basic standard of living.

24/7 estimate the living costs of Wall Street reviews from the financial think tank Economic Policy Body's Household Budget Calculator. The estimates are the costs required for a family of two (two adults and no children) to have a reasonably adequate standard of living. "These costs include all the basic requirements for a decent life, including housing, food, transport, health care, and other needs, as well as taxes. The income required varies from just under $ 43,000 in one state to over $ 66,000 in another.This is much higher than the official poverty threshold of the Census Bureau for a family of two – $ 16,247.

Poor children in the United States:This is the amount of children living in poverty in your state

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It is important to note that this figure relates to the cost of a family unit of two adults and no children. For families with children, EPI's estimated annual family budget is thousands of dollars higher in each state.

Not only do 10.3% of Americans in households fail to reach the poverty threshold significantly lower than the EPI cost estimate, but many people are living in even worse financial conditions. Across the country, 3.7% of all households have incomes of less than $ 10,000. And in some states more than 5% of households have such low incomes.

At a more local level, costs can be even higher, with the costs to a basic standard of living to reach a family of two in some metro areas more than $ 90,000, and your family of four far over $ 130,000. While cities and counties with higher living costs are generally concentrated in states with higher living costs generally, they can be found nationwide.

1. Alabama

• Annual cost of living (household 2): t $ 48,005 (lowest 19th)

• Annual housing costs (household 2): t $ 7,476 (10th lowest)

• Annual food costs (household 2): t $ 5,885 (lowest 25)

• Average household income: $ 63,837 (7th lowest)

• Families earning less than $ 10,000: 5.1% (6th highest)

2. Alaska

• Annual cost of living (household 2): t $ 64,342 (second highest)

• Annual housing costs (household 2): t $ 11,826 (10th)

• Annual food costs (household 2): t $ 5,373 (3rd lowest)

• Average household income: $ 89,847 (7th height)

• Families earning less than $ 10,000: 2.9% (lowest 21st)

3. Arizona

• Annual cost of living (household 2): t $ 52,069 (16th height)

• Annual housing costs (household 2): t $ 9,115 (25 highest)

• Annual food costs (household 2): t $ 5,652 (17th lowest)

• Average household income: $ 69,981 (lowest 16th)

• Families earning less than $ 10,000: 3.9% (17th height)

Arkansas

• Annual cost of living (household 2): t $ 42,991 (lowest)

• Annual housing costs (household 2): t $ 6,751 (the lowest)

• Annual food costs (household 2): t $ 5,479 (lowest 9th)

• Average household income: $ 58,080 (3rd lowest)

• Families earning less than $ 10,000: 4.4% (10th)

California.

5. California

• Annual cost of living (household 2): t $ 59,349 (4th height)

• Annual housing costs (household 2): t $ 15,474 (second highest)

• Annual food costs (household 2): t $ 6,359 (7th height)

• Average household income: $ 86,165 (13th height)

• Families earning less than $ 10,000: 3.4% (24th highest)

6. Colorado

• Annual cost of living (household 2): t $ 54,205 (12th highest)

• Annual housing costs (household 2): t $ 11,919 (9th highest)

• Annual food costs (household 2): t $ 6,109 (16th height)

• Average household income: $ 88,955 (9th)

• Families earning less than $ 10,000: 2.6% (10th lowest)

7. Connecticut

• Annual cost of living (household 2): t $ 57,696 (6th highest)

• Annual housing costs (household 2): t $ 13,135 (7th height)

• Annual food costs (household 2): t $ 6,375 (6th highest)

• Average household income: $ 98,100 (4th height)

• Families earning less than $ 10,000: 2.6% (10th lowest)

8. Delaware

• Annual cost of living (household 2): t $ 54,345 (11th height)

• Annual housing costs (household 2): t $ 10,697 (16th height)

• Annual food costs (household 2): t $ 6,116 (15th)

• Average household income: $ 79,386 (19th highest)

• Families earning less than $ 10,000: 3% (lowest 22nd)

9. Florida

• Annual cost of living (household 2): t $ 49,914 (24th height)

• Annual housing costs (household 2): t $ 10,594 (17th height)

• Annual food costs (household 2): t $ 6,253 (11th height)

• Average household income: $ 66,995 (lowest 12th)

• Families earning less than $ 10,000: 3.8% (18th)

Georgia.

10. Georgia

• Annual cost of living (household 2): t $ 50,437 (22nd height)

• Annual housing costs (household 2): t $ 9,369 (22nd height)

• Annual food costs (household 2): t $ 5,786 (22nd lowest)

• Average household income: $ 71,457 (lowest 18th)

• Families earning less than $ 10,000: 4.5% (8th)

11. Hawaii

• Annual cost of living (household 2): t $ 66,352 (highest)

• Annual housing costs (household 2): t $ 15,926 (highest)

• Annual food costs (household 2): t $ 8,458 (highest)

• Average household income: $ 95,448 (5th highest)

• Families earning less than $ 10,000: 2.7% (lowest 13th)

12. Idaho

• Annual cost of living (household 2): t $ 46,179 (9th lowest)

• Annual housing costs (household 2): t $ 7,413 (7th lowest)

• Annual food costs (household 2): t $ 5,889 (25 highest)

• Average household income: $ 65,987 (11th lowest)

• Families earning less than $ 10,000: 2.8% (lowest 18th)

13. Illinois

• Annual cost of living (household 2): t $ 51,039 (19th highest)

• Annual housing costs (household 2): t $ 10,564 (18th)

• Annual food costs (household 2): t $ 5,506 (lowest 11th)

• Average household income: $ 81,313 (17th height)

• Families earning less than $ 10,000: 3.3% (25 highest)

14. Indiana

• Annual cost of living (household 2): t $ 44,878 (the 5th lowest)

• Annual housing costs (household 2): t $ 7,771 (lowest 14th)

• Annual food costs (household 2): t $ 5,266 (lowest)

• Average household income: $ 70,150 (17th lowest)

• Families earning less than $ 10,000: 3.8% (18th)

Iowa.

15. Iowa

• Annual cost of living (household 2): t $ 46,541 (11th lowest)

• Annual housing costs (household 2): t $ 7,196 (5th lowest)

• Annual food costs (household 2): t $ 5,399 (5th lowest)

• Average household income: $ 76,068 (24th height)

• Families earning less than $ 10,000: 2.7% (lowest 13th)

16. Kansas

• Annual cost of living (household 2): t $ 47,280 (15th lowest)

• Annual housing costs (household 2): t $ 7,724 (13th lowest)

• Annual food costs (household 2): t $ 5,750 (21st lowest)

• Average household income: $ 74,042 (lowest 25)

• Families earning less than $ 10,000: 2.8% (lowest 18th)

17. Kentucky

• Annual cost of living (household 2): t $ 43,661 (4th lowest)

• Annual housing costs (household 2): t $ 6,986 (second lowest)

• Annual food costs (household 2): t $ 5,375 (4th lowest)

• Average household income: $ 62,228 (6th lowest)

• Families earning less than $ 10,000: 5.5% (5th highest)

18. Louisiana

• Annual cost of living (household 2): t $ 48,181 (20th lowest)

• Annual housing costs (household 2): t $ 8,487 (lowest 24)

• Annual food costs (household 2): t $ 5,717 (20th lowest)

• Average household income: $ 61,847 (5th lowest)

• Families earning less than $ 10,000: 5.6% (3rd height)

19. Maine

• Annual cost of living (household 2): t $ 52,710 (15th)

• Annual housing costs (household 2): t $ 9,748 (19th highest)

• Annual food costs (household 2): t $ 6,698 (3rd height)

• Average household income: $ 72,390 (lowest 24)

• Families earning less than $ 10,000: 3.1% (lowest 23rd)

Maryland.

20. Maryland

• Annual cost of living (household 2): t $ 56,552 (7th height)

• Annual housing costs (household 2): t $ 14,304 (4th highest)

• Annual food costs (household 2): t $ 6,127 (14th height)

• Average household income: $ 101,437 (second highest)

• Families earning less than $ 10,000: 2.5% (7th lowest)

21. Massachusetts

• Annual cost of living (household 2): t $ 55,734 (10th)

• Annual housing costs (household 2): t $ 13,579 (6th highest)

• Annual food costs (household 2): t $ 6,498 (4th height)

• Average household income: $ 101,548 (highest)

• Families earning less than $ 10,000: 2.7% (lowest 13th)

22. Michigan

• Annual cost of living (household 2): t $ 45,145 (6th lowest)

• Annual housing costs (household 2): t $ 8,170 (21st lowest)

• Annual food costs (household 2): t $ 5,548 (lowest 13th)

• Average household income: $ 72,036 (22nd lowest)

• Families earning less than $ 10,000: 4% (13th highest)

23. Minnesota

• Annual cost of living (household 2): t $ 51,051 (18th)

• Annual housing costs (household 2): t $ 9,201 (24th height)

• Annual food costs (household 2): t $ 5,913 (22nd height)

• Average household income: $ 89,039 (8th)

• Families earning less than $ 10,000: 2.1% (lowest)

24. Mississippi

• Annual cost of living (household 2): t $ 46,141 (lowest 8th)

• Annual housing costs (household 2): t $ 7,464 (9th lowest)

• Annual food costs (household 2): t $ 5,871 (lowest 24)

• Average household income: $ 57,380 (the lowest)

• Families earning less than $ 10,000: 6.5% (highest)

25. Missouri

• Annual cost of living (household 2): t $ 46,603 (lowest 12th)

• Annual housing costs (household 2): t $ 7,563 (11th lowest)

• Annual food costs (household 2): t $ 5,501 (10th lowest)

• Average household income: $ 69,188 (15th lowest)

• Families earning less than $ 10,000: 3.5% (20th highest)

26. Montana

• Annual cost of living (household 2): t $ 49,867 (25 highest)

• Annual housing costs (household 2): t $ 7,836 (15th lowest)

• Annual food costs (household 2): t $ 5,827 (23rd lowest)

• Average household income: $ 68,940 (lower 14th)

• Families earning less than $ 10,000: 2.9% (lowest 21st)

27. Nebraska

• Annual cost of living (household 2): t $ 49,254 (lowest 24)

• Annual housing costs (household 2): t $ 7,651 (12th lowest)

• Annual food costs (household 2): t $ 5,546 (12th lowest)

• Average household income: $ 75,990 (25 highest)

• Families earning less than $ 10,000: 2.5% (7th lowest)

28. Nevada

• Annual cost of living (household 2): t $ 45,891 (7th lowest)

• Annual housing costs (household 2): t $ 9,237 (23rd highest)

• Annual food costs (household 2): t $ 5,941 (20th height)

• Average household income: $ 71,864 (19th lowest)

• Families earning less than $ 10,000: 3.5% (20th highest)

29. New Hampshire

• Annual cost of living (household 2): t $ 50,717 (21st highest)

• Annual housing costs (household 2): t $ 11,177 (12th highest)

• Annual food costs (household 2): t $ 6,329 (8th)

• Average household income: $ 93,930 (6th highest)

• Families earning less than $ 10,000: 2.2% (second lowest)

30. New Jersey

• Annual cost of living (household 2): t $ 56,496 (8th)

• Annual housing costs (household 2): t $ 14,076 (5th highest)

• Annual food costs (household 2): t $ 6,293 (9th highest)

• Average household income: $ 101,404 (3rd height)

• Families earning less than $ 10,000: 2.8% (lowest 18th)

New Jersey.

31. New Mexico

• Annual cost of living (household 2): t $ 43,372 (3rd lowest)

• Annual housing costs (household 2): t $ 8,067 (20th lowest)

• Annual food costs (household 2): t $ 5,651 (16th lowest)

• Average household income: $ 58,760 (4th lowest)

• Families earning less than $ 10,000: 6.4% (second highest)

32. New York

• Annual cost of living (household 2): t $ 59,420 (3rd height)

• Annual housing costs (household 2): t $ 15,062 (3rd height)

• Annual food costs (household 2): t $ 6,488 (5th highest)

• Average household income: $ 83,311 (15th)

• Families earning less than $ 10,000: 4% (13th highest)

33. North Carolina

• Annual cost of living (household 2): t $ 52,857 (14th height)

• Annual housing costs (household 2): t $ 8,417 (22nd lowest)

• Annual food costs (household 2): t $ 5,688 (lowest 19th)

• Average household income: $ 67,816 (lowest 13th)

• Families earning less than $ 10,000: 4% (13th highest)

34. North Dakota

• Annual cost of living (household 2): t $ 46,439 (10th lowest)

• Annual housing costs (household 2): t $ 7,977 (17th lowest)

• Annual food costs (household 2): t $ 5,923 (21st highest)

• Average household income: $ 86,205 (12th highest)

• Families earning less than $ 10,000: 2.4% (4th lowest)

35. Ohio

• Annual cost of living (household 2): t $ 43,359 (second lowest)

• Annual housing costs (household 2): t $ 7,409 (6th lowest)

• Annual food costs (household 2): t $ 5,473 (lowest 8th)

• Average household income: $ 72,028 (21st lowest)

• Families earning less than $ 10,000: 4% (13th highest)

36. Oklahoma

• Annual cost of living (household 2): t $ 48,265 (lowest 21st)

• Annual housing costs (household 2): t $ 7,453 (lowest 8th)

• Annual food costs (household 2): t $ 5,672 (lowest 18th)

• Average household income: $ 64,082 (8th lowest)

• Families earning less than $ 10,000: 4.6% (7th height)

37. Oregon

• Annual cost of living (household 2): t $ 52,949 (13th height)

• Annual housing costs (household 2): t $ 10,746 (15th height)

• Annual food costs (household 2): t $ 6,012 (18th)

• Average household income: $ 77,655 (21st height)

• Families earning less than $ 10,000: 3.2% (24th lowest)

38. Pennsylvania

• Annual cost of living (household 2): t $ 50,409 (23rd highest)

• Annual housing costs (household 2): t $ 9,559 (21st height)

• Annual food costs (household 2): t $ 5,909 (23rd highest)

• Average household income: $ 77,491 (22nd height)

• Families earning less than $ 10,000: 3.5% (20th highest)

39. Rhode Island

• Annual cost of living (household 2): t $ 48,983 (23rd lowest)

• Annual housing costs (household 2): t $ 10,887 (14th height)

• Annual food costs (household 2): t $ 6,259 (10th highest)

• Average household income: $ 84,212 (14th height)

• Families earning less than $ 10,000: 3.5% (20th highest)

40. South Carolina

• Annual cost of living (household 2): t $ 49,466 (lowest 25)

• Annual housing costs (household 2): t $ 8,442 (23rd lowest)

• Annual food costs (household 2): t $ 5,647 (15th lowest)

• Average household income: $ 65,742 (10th lowest)

• Families earning less than $ 10,000: 4.3% (11th highest)

South Carolina.

41. South Dakota

• Annual cost of living (household 2): t $ 47,393 (17th)

• Annual housing costs (household 2): t $ 7,057 (3rd lowest)

• Annual food costs (household 2): t $ 5,965 (19th highest)

• Average household income: $ 72,183 (lowest 23rd)

• Families earning less than $ 10,000: 3.3% (25 highest)

42. Tennessee

• Annual cost of living (household 2): t $ 47,398 (lowest 18th)

• Annual housing costs (household 2): t $ 7,927 (16th lowest)

• Annual food costs (household 2): t $ 5,892 (24th height)

• Average household income: $ 65,656 (9th lowest)

• Families earning less than $ 10,000: 4.5% (8th)

43. Texas

• Annual cost of living (household 2): t $ 46,717 (lowest 13th)

• Annual housing costs (household 2): t $ 9,649 (20th height)

• Annual food costs (household 2): t $ 5,311 (second lowest)

• Average household income: $ 71,868 (20th lowest)

• Families earning less than $ 10,000: 4.2% (12th highest)

44. Utah

• Annual cost of living (household 2): t $ 47,333 (16th)

• Annual housing costs (household 2): t $ 8,899 (lowest 25)

• Annual food costs (household 2): t $ 5,585 (lower 14th)

• Average household income: $ 81,599 (16th height)

• Families earning less than $ 10,000: 2.3% (3rd lowest)

45. Vermont

• Annual cost of living (household 2): t $ 58,372 (5th highest)

• Annual housing costs (household 2): t $ 10,941 (13th height)

• Annual food costs (household 2): t $ 7,031 (2nd)

• Average household income: $ 80,452 (18th)

• Families earning less than $ 10,000: 2.9% (lowest 21st)

Vermont.

46. ​​Virginia

• Annual cost of living (household 2): t $ 55,993 (9th highest)

• Annual housing costs (household 2): t $ 12,865 (8th)

• Annual food costs (household 2): t $ 6,186 (12th height)

• Average household income: $ 88,929 (10th)

• Families earning less than $ 10,000: 2.8% (lowest 18th)

47. Washington

• Annual cost of living (household 2): t $ 50,797 (20th height)

• Annual housing costs (household 2): t $ 11,632 (11th height)

• Annual food costs (household 2): t $ 6,167 (13th height)

• Average household income: $ 87,652 (11th height)

• Families earning less than $ 10,000: 2.5% (7th lowest)

48. West Virginia

• Annual cost of living (household 2): t $ 48,704 (22nd lowest)

• Annual housing costs (household 2): t $ 7,157 (4th lowest)

• Annual food costs (household 2): t $ 5,431 (6th lowest)

• Average household income: $ 57,718 (second lowest)

• Families earning less than $ 10,000: 5.6% (3rd height)

49. Wisconsin

• Annual cost of living (household 2): t $ 46,795 (14th lowest)

• Annual housing costs (household 2): t $ 8,024 (19th lowest)

• Annual food costs (household 2): t $ 5,457 (7th lowest)

• Average household income: $ 76,814 (23rd highest)

• Families earning less than $ 10,000: 2.6% (10th lowest)

Wyoming.

50. Wyoming

• Annual cost of living (household 2): t $ 51,341 (17th height)

• Annual housing costs (household 2): t $ 8,017 (lowest 18th)

• Annual food costs (household 2): t $ 6,028 (17th height)

• Average household income: $ 78,352 (20th height)

• Families earning less than $ 10,000: 2.8% (lowest 18th)

Methodology

In order to meet the income it takes on a household to meet basic needs in each state, the Wall Street 24/7 review reviewed March 2018 data on annual income with a two year parent, no children 's family is required for a moderate standard of living. of the Economic Policy Body's Household Budget Calculator. An income account account for costs relating to housing, food, transport, health care, taxes, and other needs, and has been aggregated from county to state level.

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