NYC Family Budget: Comfortable Living Cost 2024
News Context
At a glance
- The annual income needed for a family of four to live comfortably in the United States varies significantly by state.
- A family of four needs an estimated $313,747 to cover expenses while adhering to the 50/30/20 budget.
Cost of Living: Family of Four Needs $314K in Massachusetts
Updated June 28, 2025
The annual income needed for a family of four to live comfortably in the United States varies significantly by state. A recent study, applying the 50/30/20 budget rule, highlights these disparities in the cost of living, family expenses adn financial well-being.
Massachusetts tops the list as the most expensive state. A family of four needs an estimated $313,747 to cover expenses while adhering to the 50/30/20 budget.
