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The cost of living is notoriously high in the US but it varies by state. Last year, GoBankingRates determined the necessary living wage in each one using data from the Bureau of Labor Statistics and the 50/30/20 budgeting rule. This popular general budgeting principle allocates 50% of annual income to necessities like housing, 30% to discretionary expenses like travel, and the remaining 20% to savings.
The median necessary living wage across the entire US was $67,690. The state with the lowest annual living wage turned out to be Mississippi, with $58,321. The state with the highest living wage was Hawaii, with $136,437. Other expensive states (surprise surprise) included New York and California, which have notoriously high costs of living and expensive housing markets.
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u/TheDeathSummoner said they came up with the idea for this post out of curiosity. "I took a second job earlier this year to be able to buy extra things besides necessities for my family, so I just wanted to see what other people want but can't afford," the Redditor told Bored Panda.
All the replies made u/TheDeathSummoner really grateful for what they do already have. "They made me realize that I currently own the majority of things that are on people's minds, like a house, health insurance, a car, a PC, etc. I'm blessed."
The Redditor said they don't know if money can make you content. "It does, however, relieve a great amount of stress that casts a shadow over your life," they added.
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