Monday, April 08, 2019

CNBC: This map shows how much money a single person needs to earn to get by in every US state

Been a while since I've posted some real news and not wrestling on this blog so here's something I found on ig recently about how much money one would have to make in income to break even in any state from CNBC. Illinois for example

Illinois

  • Total required income before taxes: $26,566
  • Estimated housing costs: $9,151
  • Estimated food costs: $3,058
 I wonder if this figure includes Chicago. What would be the income required before taxes to live in Chicago? I'll bet this would be a much higher number and perhaps equivalent to the income required to break even in California or New York which means you have to make at least $30K/year.

Just for the hell of it, what's the figure for Georgia

Georgia

  • Total required income before taxes: $25,921
  • Estimated housing costs: $8,937
  • Estimated food costs: $2,994
And does this figure include Atlanta? I'll be ATL compared to the rest of the state has a slightly higher income to break even.

How do they arrive at these conclusions for all 50 states!
That's according to updated data from MIT's living wage calculator, which determines the minimum amount necessary to meet basic needs without dipping into poverty or relying on outside help. The model takes into account factors such as food, housing and health insurance, in addition to other regular costs, and don't include conveniences or luxuries such as restaurant meals, vacations or money left over for investments.

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