The required income for a family of four to achieve comfortable living in 20 major cities across the United States

A recent analysis by SmartAsset reveals that a family of four needs to earn over $275,000 annually to live comfortably in some of the most expensive cities in the United States. This “comfortable” living standard is based on a 50/30/20 budget, where 50% of income covers necessities like housing and utilities, 30% is for discretionary spending, and 20% is allocated for savings or investments. SmartAsset derived these income thresholds using data from the MIT Living Wage Calculator.

https://www.cnbc.com/2024/03/27/how-much-money-family-of-4-needs-to-live-comfortably-in-us-cities.html