how much money do you need to make to live in san francisco?
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The group estimates a family of two adults and two children in San Francisco would need to earn a whopping $148,440 per year, or $12,370 a month, to live comfortably. Much of those costs are driven by high housing costs and taxes. Here's how the group breaks down that number: Housing: $3,121 per month.
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The group estimates a family of two adults and two children in San Francisco would need to earn a whopping $148,440 per year, or $12,370 a month, to live comfortably.
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In San Antonio, the magic number to live comfortably is $46,238. In this scenario, $23,119 is required to pay yearly living expenses, leaving $15,967 for fun money and $9,248 for savings. By GoBankingRate's calculations, San Antonians are right on target.
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To live comfortably in Chicago–factoring in housing costs, transportation, utilities, and groceries–you'll need to make around $94,917 as a renter or $84,765 as a homeowner. Unfortunately for many Chicagoans, the median income in the city is only $52,497, leaving a discrepancy of at least $32,000 on average.
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Again, this will depend on your own requirements and what you would deem as a liveable environment. Outside of the city centre, on average, you're looking at anywhere from $250 to $450 per week depending on the size of the place, how many people you're sharing with and of course, location.
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Total: $2,524.50 per month. That's $30,294 per year after taxes, which means that to live a reasonably comfortable life in New York City, a single person would need to make a salary of roughly $40,000 per year. This is a comfortable (though far from indulgent) budget.
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California is expensive. Renting a place & live comfortably, you need to earn at least about $100,000.
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You Need About $143,000 to Live Comfortably in Washington, DC. To live comfortably in U.S. capital, you'll need to earn around $143,200 if you're paying a mortgage and $122,900 if you're renting. That's an increase of 50.8% and 30.4%, respectively, since 2016.
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The group estimates a family of two adults and two children in San Francisco would need to earn a whopping $148,440 per year, or $12,370 a month, to live comfortably. Much of those costs are driven by high housing costs and taxes.
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To get by renting in San Diego you would need to net at least $4,000./month - to live a life with more variety/entertainment, a little extra for travel or retirement you would need at least $6,000 mo. for a single person, $8,000 for a couple.
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Originally Answered: What's a livable salary in Palo Alto? If you are willing to live with roommates, then $96K should be a livable salary. If you want to rent a whole 3BR house or condo, then you probably need a salary of about $250-$300K.
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An annual salary of $120,000 would sound like a pretty good deal anywhere around the world. But that may not always be the case in Silicon Valley, where soaring rent prices and its brutal cost of living make $120,000 look almost average even though it's more than double the US median household income.
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The recommended household income for a two-bedroom apartment is $65,800 a year, or $32 an hour. The “living wage,” or the minimum amount of money needed to live above the poverty threshold, in Seattle is $15.26 an hour for a full-time employed individual.
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GoBankingRates determined the "living wage" necessary to live comfortably in each US state. Some states, like New York, require an annual income of $95,724 to live comfortably.
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You'll need a staggering six-figure income to live comfortably in Los Angeles: at least $136,207 if you're paying rent or $150,391 if you own a house. The salary needed to live comfortably in Los Angeles has risen by more than $25,000 in the past year, due to rising annual costs of transportation and utilities.
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How much you will need to spend to live comfortably in the US will depend on your personal circumstances and where you live. The range is probably somewhere between $40,000 and $60,000 per year for a small family.
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Houstonians need to take home $131,400 a year to live comfortably in the city, the study found. This salary would allow residents to spend: $65,700 on necessities a year.