How Live Comfortably in Every State

To determine the number of hours you would need to work to live comfortably in each state, GOBankingRates looked at the cost of living in all 50 states using data from the Missouri Economic and Research Center and the Bureau of Labor Statistics. Cost of living factors included housing, groceries, utilities, transportation and health care. These factors were added up for an annual cost of living, which was doubled to come up with the annual salary needed to live comfortably. That figure is based on the 50/30/20 budget rule, which states that necessities should make up 50% of expenses. The other 30% goes to nonessential items, and 20% goes to savings. Continued reading…..