Massachusetts

A recent study by personal finance platform GoBankingRates found the average number of hours those making the median hourly wage need to work in order to earn a comfortable salary in each US state.
GoBankingRates looked at the cost of living in each state and doubled it to determine the comfortable living salary for that state, then divided that amount by the state’s median hourly wage.
In some states, those making the median hourly wage need to work, on average, over 70 hours a week.
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In some states, a 40-hour workweek at the median hourly wage won’t earn you enough to live comfortably.

A recent study by personal finance platform GoBankingRates found the average amount of hours — in each US state — that those making the median hourly wage need to work in order to earn a comfortable living salary.

In some states, like South Dakota and New Jersey, those making the respective state’s median hourly wage need to work, on average, over 70 hours a week.

To gather this information, GoBankingRates looked at the average annual cost of living in each state (which includes the most recently available data for housing, groceries, utilities, transportation, and healthcare costs from the Missouri Economic and Research Center’s 2019 second quarter cost of living data series). When determining the salary needed to live comfortably, the researchers assumed the following budget: 50% is spent on necessary expenses, 30% is spent on nonessential items, and 20% is put into savings.

In order to then find the average number of hours someone making the state’s median hourly wage would need to work in a week to live comfortably, GoBankingRates divided the annual salary needed to live comfortably by the state’s median hourly wage.

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Source:: Business Insider

      

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