How Much Does a Single Person Need to Earn to ‘Survive’ in US?

Posted on by Eurweb

*The salary you need to survive as a single worker can vary greatly depending on where you live.

The personal finance website GOBankingRates.com has compiled a list of every state’s living wage. Using data from the Bureau of Labor Statistics, analysts calculated the minimum amount a single person would need to follow the 50/30/20 budget.

As CNBC reports, according to the 50/30/20 budget rule, 50% of income is used for necessities, such as housing and utility costs, 30% for discretionary expenses, and 20% for savings.

Per GOBankingRates.com, Hawaii’s living wage for single workers is $112,411 – the highest in the country.

House Model on Top Of Bunch of Money – stock photo / Getty

Below are the five states that are most expensive for single workers, and how much they need to earn to make it through the year:

  1. Hawaii: $112,411
  2. Massachusetts: $87,909
  3. California: $80,013
  4. New York: $73,226
  5. Alaska: $71,570

According to GOBankingRates.com, a median income of $57,200 for single workers only covers the living wage in 30 states.

Below is the cost of living in each state, in alphabetical order.

Alabama

  • Annual living wage for a single person: $46,577

Alaska

  • Annual living wage for a single person: $71,570

Arizona

  • Annual living wage for a single person: $60,026

Arkansas

  • Annual living wage for a single person: $47,111

California

  • Annual living wage for a single person: $80,013

Colorado

  • Annual living wage for a single person: $59,218

Connecticut

  • Annual living wage for a single person: $63,078

Delaware

  • Annual living wage for a single person: $56,571

Florida

  • Annual living wage for a single person: $57,064

Georgia

  • Annual living wage for a single person: $49,051

Hawaii

  • Annual living wage for a single person: $112,411

Idaho

  • Annual living wage for a single person: $58,634

Illinois

  • Annual living wage for a single person: $49,372

Indiana

  • Annual living wage for a single person: $49,855

Iowa

  • Annual living wage for a single person: $48,518

Kansas

  • Annual living wage for a single person: $47,379

Kentucky

  • Annual living wage for a single person: $47,318

Louisiana

  • Annual living wage for a single person: $50,087

Maine

  • Annual living wage for a single person: $60,862

Maryland

  • Annual living wage for a single person: $67,915

Massachusetts

  • Annual living wage for a single person: $87,909

Michigan

  • Annual living wage for a single person: $50,049

Minnesota

  • Annual living wage for a single person: $51,668

Mississippi

  • Annual living wage for a single person: $45,906

Missouri

  • Annual living wage for a single person: $47,771

Montana

  • Annual living wage for a single person: $57,056

Nebraska

  • Annual living wage for a single person: $49,009

Nevada

  • Annual living wage for a single person: $58,580

New Hampshire

  • Annual living wage for a single person: $62,935

New Jersey

  • Annual living wage for a single person: $64,463

New Mexico

  • Annual living wage for a single person: $51,214

New York

  • Annual living wage for a single person: $73,226

North Carolina

  • Annual living wage for a single person: $53,531

North Dakota

  • Annual living wage for a single person: $52,807

Ohio

  • Annual living wage for a single person: $50,157

Oklahoma

  • Annual living wage for a single person: $46,024

Oregon

  • Annual living wage for a single person: $65,763

Pennsylvania

  • Annual living wage for a single person: $53,838

Rhode Island

  • Annual living wage for a single person: $59,936

South Carolina

  • Annual living wage for a single person: $52,222

South Dakota

  • Annual living wage for a single person: $52,095

Tennessee

  • Annual living wage for a single person: $48,774

Texas

  • Annual living wage for a single person: $50,497

Utah

  • Annual living wage for a single person: $55,293

Vermont

  • Annual living wage for a single person: $65,923

Virginia

  • Annual living wage for a single person: $57,293

Washington

  • Annual living wage for a single person: $65,640

West Virginia

  • Annual living wage for a single person: $47,732

Wisconsin

  • Annual living wage for a single person: $53,122

Wyoming

Annual living wage for a single person: $49,666

READ MORE: TikToker Goes Viral After Declaring ‘I’m Not Working a Second Job’ to Survive | Watch

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