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Salary a single person needs to make ends meet in every US state

Salary a single person needs to make ends meet in every US state
Salary a single person needs to make ends meet in every US state

 


If you plan to live alone, you'll need to earn around $45,000 a year in most states just to get by.

That's roughly the median income needed to cover basic expenses, according to a new analysis from SmartAsset, which looked at estimates for housing, transportation, health care, taxes and other living expenses, as tracked by the MIT Living Wage Calculator.

However, the amount of money you need to make ends meet can vary greatly depending on where you live. This is largely due to housing prices and taxes, which vary the most from the basic expenses examined. In states like Massachusetts, California, and Hawaii, estimated housing costs are more than double those in states with the lowest basic cost of living.

Here's a look at five states where single people need to earn the most to cover basic expenses:

Massachusetts: $58,009 Hawaii: $56,841 California: $56,825 New York: $55,878 Washington: $53,242

Keep in mind that these calculations only consider necessities and do not include discretionary spending such as travel or entertainment, or investment contributions.

You would need to earn about $28 per hour over a 40-hour work week to get the $58,009 annual income needed to survive in Massachusetts. In contrast, you would only need to earn about $19 an hour in West Virginia, which has the lowest annual income needed to survive at $39,386.

However, in many states, the minimum wage is still only $7.25 an hour. That's barely a third of what people need in most states. To cover basic expenses, minimum wage workers often rely on tips or are forced to cut costs in other ways. Even in states where the minimum wage is above $7.25, it is often not commensurate with the estimated living wage.

Here's a look at the minimum income a single person needs in each U.S. state.

AlabamaAnnual Living Wage for a single person: $41,911 AlaskaAnnual Living Wage for a single person: $48,375 Arizona Annual Living Wage for a single person: $48,677 Arkansas Annual Living Wage for a single person: $39,724 California Annual Living Wage for a single person: $39,724 single person: $56,825ColoradoAnnual living wage for a single person: $51,644ConnecticutAnnual living wage for a single person: $50,194DelawareAnnual living wage for a single person: $47,064FloridaAnnual living wage for a single person: 46,645 $GeorgiaAnnual living wage for a single person: $48,448HawaiiAnnual living wage for a single person: $56,841IdahoAnnual Annual living wage for a single person: $44,366IllinoisAnnual living wage for a single person: $47,559IndianaAnnual living wage for a single person: single person: $42,510 Iowa Annual living wage for a single person: $41,678 Kansas Annual living wage for a single person: $42,337 Kentucky Annual living wage for a single person: $40,355 Louisiana Annual living wage for a single person: 41 $233MaineAnnual living wage for a single person: $45,844MarylandAnnual living wage for a single person: $51,460MassachusettsAnnual living wage for a single person: $58,009MichiganAnnual living wage for a single person: $42,187Minnesota salary for a single person: $44,626MississippiAnnual living wage for a single person: $41,361MissouriAnnual living wage for a single person: $42,024MontanaAnnual living wage for a single person: $42,374NebraskaAnnual living wage for a single person : $41,849NevadaAnnual living wage for a single person: $46,727New HampshireAnnual living wage for a single person: $49,045New JerseyAnnual living wage for a single person: $51,504New MexicoAnnual living wage for a single person:$51,504 single person: $41,807 New York Annual living wage for a single person: $55,878 North Carolina Annual living wage for a single person: $44,848 North Dakota Annual living wage for a single person: $40,262 Ohio Minimum living wage annual living wage for a single person: $40,359 Oklahoma Annual living wage for a single person: $40,211 Oregon Annual living wage for a single person: $50,553 Pennsylvania Annual living wage for a single person: $45,661 Rhode Island Annual Annual living wage for a single person: $50,418 South Carolina Annual living wage for a single person: $44,152 South Dakota Annual living wage for a single person: $40,718 Tennessee Annual living wage for a single person: $43,196 Texas Annual living wage for a single person: $40,718 single person: $43,508 Utah Annual living wage for a single person: $46,850 Vermont Annual living wage for a single person: $47,892 Virginia Annual living wage for a single person: $49,973 Washington Annual living wage for a single person: $53,242 West VirginiaAnnual living wage for a single person: $39,386WisconsinAnnual living wage for a single person: $42,062WyomingAnnual living wage for a single person: $43,823

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