How Much a Family Needs to Live on

Michael B. Sauter

Every bit of 2018, 10.3% of Americans in families lived in poverty. But this national figure is just a very crude representation of the actual financial situation of families of different sizes and in dissimilar parts of the country.

Nationwide, two families could earn the same income every twelvemonth, but depending on the state in which they alive, one could live relatively comfortably, while the other could be struggling or relying on social aid to beget a basic standard of living.

24/7 Wall St. reviewed cost of living estimates from financial call up tank the Economical Policy Institute's Family Budget Calculator. The estimates are of the costs needed for a family of ii (two adults and no children) to lead a "minor yet adequate standard of living." These costs include all of the bones necessities for a decent life, including housing, food, transportation, health care, and other necessities, besides as taxes. The income required varies from only under $43,000 in 1 state to over $66,000 in some other. This is much higher than the Census Bureau's official poverty threshold for a household with two people – $sixteen,247.

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It is of import to note that this figure is meant to represent the cost for a family unit with two adults and no children. For families with children, the EPI's estimated annual family unit budget is tens of thousands of dollars college in every state.

Not only do 10.iii% of Americans in families fail to meet the much lower poverty threshold than the EPI'due south toll estimate, but many live in fifty-fifty worse financial atmospheric condition. Nationwide, 3.7% of all families accept incomes of less than $10,000. And in some states well more than than v% of families have such depression incomes.

At a more than local level, costs tin can exist even higher, with the costs to run into a basic standard of living for a family of two in some metro areas exceeding $90,000, and for a family of 4 well above $130,000. While cities and counties with higher costs of living tend to be full-bodied in states with generally higher costs of living, they tin can exist found all across the country.

i. Alabama

• Annual cost of living (family of 2): $48,005 (19th lowest)

• Annual housing costs (family of 2): $7,476 (10th everyman)

• Annual food costs (family of ii): $5,885 (25th lowest)

• Median family income: $63,837 (7th lowest)

• Families earning less than $10,000: 5.1% (6th highest)

2. Alaska

• Almanac cost of living (family unit of ii): $64,342 (second highest)

• Annual housing costs (family unit of 2): $11,826 (10th highest)

• Almanac food costs (family unit of two): $5,373 (third lowest)

• Median family income: $89,847 (7th highest)

• Families earning less than $10,000: ii.9% (21st lowest)

three. Arizona

• Almanac price of living (family unit of 2): $52,069 (16th highest)

• Annual housing costs (family of 2): $9,115 (25th highest)

• Annual food costs (family unit of 2): $5,652 (17th lowest)

• Median family unit income: $69,981 (16th everyman)

• Families earning less than $10,000: 3.9% (17th highest)

4. Arkansas

• Annual cost of living (family unit of 2): $42,991 (the everyman)

• Annual housing costs (family unit of ii): $6,751 (the lowest)

• Annual nutrient costs (family of 2): $v,479 (9th lowest)

• Median family income: $58,080 (3rd lowest)

• Families earning less than $x,000: 4.4% (10th highest)

5. California

• Almanac toll of living (family of two): $59,349 (4th highest)

• Almanac housing costs (family unit of two): $xv,474 (2nd highest)

• Annual food costs (family of two): $half-dozen,359 (seventh highest)

• Median family income: $86,165 (13th highest)

• Families earning less than $10,000: three.4% (24th highest)

6. Colorado

• Annual cost of living (family of 2): $54,205 (12th highest)

• Annual housing costs (family of ii): $11,919 (ninth highest)

• Annual food costs (family of 2): $6,109 (16th highest)

• Median family unit income: $88,955 (ninth highest)

• Families earning less than $x,000: two.6% (10th lowest)

7. Connecticut

• Annual cost of living (family of ii): $57,696 (6th highest)

• Annual housing costs (family of two): $13,135 (7th highest)

• Annual food costs (family of 2): $6,375 (6th highest)

• Median family income: $98,100 (quaternary highest)

• Families earning less than $x,000: ii.half dozen% (tenth lowest)

8. Delaware

• Annual cost of living (family of 2): $54,345 (11th highest)

• Annual housing costs (family unit of ii): $ten,697 (16th highest)

• Almanac food costs (family of 2): $half dozen,116 (15th highest)

• Median family income: $79,386 (19th highest)

• Families earning less than $x,000: 3% (22nd everyman)

9. Florida

• Annual toll of living (family of ii): $49,914 (24th highest)

• Annual housing costs (family of 2): $ten,594 (17th highest)

• Almanac food costs (family unit of two): $6,253 (11th highest)

• Median family income: $66,995 (12th lowest)

• Families earning less than $10,000: 3.viii% (18th highest)

10. Georgia

• Annual price of living (family unit of 2): $50,437 (22nd highest)

• Annual housing costs (family unit of 2): $9,369 (22nd highest)

• Annual nutrient costs (family of 2): $5,786 (22nd lowest)

• Median family unit income: $71,457 (18th lowest)

• Families earning less than $10,000: iv.5% (eighth highest)

11. Hawaii

• Annual cost of living (family unit of two): $66,352 (the highest)

• Annual housing costs (family unit of 2): $xv,926 (the highest)

• Annual food costs (family unit of 2): $8,458 (the highest)

• Median family income: $95,448 (5th highest)

• Families earning less than $10,000: 2.7% (13th lowest)

12. Idaho

• Annual price of living (family unit of 2): $46,179 (9th lowest)

• Annual housing costs (family of two): $7,413 (7th lowest)

• Almanac food costs (family of two): $five,889 (25th highest)

• Median family income: $65,987 (11th lowest)

• Families earning less than $10,000: 2.8% (18th lowest)

xiii. Illinois

• Annual cost of living (family of two): $51,039 (19th highest)

• Annual housing costs (family of ii): $10,564 (18th highest)

• Almanac food costs (family of 2): $5,506 (11th lowest)

• Median family income: $81,313 (17th highest)

• Families earning less than $x,000: 3.3% (25th highest)

xiv. Indiana

• Almanac cost of living (family of 2): $44,878 (5th lowest)

• Annual housing costs (family of two): $vii,771 (14th lowest)

• Annual nutrient costs (family of 2): $5,266 (the lowest)

• Median family income: $70,150 (17th lowest)

• Families earning less than $10,000: 3.8% (18th highest)

15. Iowa

• Annual cost of living (family of 2): $46,541 (11th lowest)

• Annual housing costs (family of 2): $7,196 (fifth lowest)

• Annual food costs (family of 2): $five,399 (fifth lowest)

• Median family income: $76,068 (24th highest)

• Families earning less than $10,000: 2.7% (13th lowest)

16. Kansas

• Annual cost of living (family of two): $47,280 (15th lowest)

• Almanac housing costs (family of 2): $7,724 (13th lowest)

• Annual food costs (family unit of 2): $v,750 (21st lowest)

• Median family income: $74,042 (25th lowest)

• Families earning less than $10,000: 2.8% (18th everyman)

17. Kentucky

• Almanac cost of living (family unit of 2): $43,661 (4th lowest)

• Annual housing costs (family of 2): $6,986 (2nd lowest)

• Annual nutrient costs (family unit of 2): $5,375 (fourth lowest)

• Median family income: $62,228 (6th lowest)

• Families earning less than $10,000: v.v% (fifth highest)

18. Louisiana

• Annual cost of living (family unit of 2): $48,181 (20th lowest)

• Annual housing costs (family of two): $8,487 (24th lowest)

• Annual food costs (family unit of ii): $5,717 (20th lowest)

• Median family income: $61,847 (5th lowest)

• Families earning less than $10,000: v.6% (3rd highest)

19. Maine

• Annual cost of living (family of two): $52,710 (15th highest)

• Annual housing costs (family of 2): $9,748 (19th highest)

• Annual food costs (family of two): $6,698 (3rd highest)

• Median family income: $72,390 (24th lowest)

• Families earning less than $10,000: three.1% (23rd lowest)

twenty. Maryland

• Annual cost of living (family unit of 2): $56,552 (seventh highest)

• Annual housing costs (family unit of ii): $fourteen,304 (4th highest)

• Annual food costs (family of 2): $half-dozen,127 (14th highest)

• Median family unit income: $101,437 (second highest)

• Families earning less than $10,000: 2.v% (seventh everyman)

21. Massachusetts

• Almanac cost of living (family of 2): $55,734 (tenth highest)

• Almanac housing costs (family of 2): $xiii,579 (6th highest)

• Annual nutrient costs (family unit of 2): $half-dozen,498 (fourth highest)

• Median family income: $101,548 (the highest)

• Families earning less than $ten,000: ii.7% (13th lowest)

22. Michigan

• Annual toll of living (family unit of two): $45,145 (6th lowest)

• Annual housing costs (family of two): $8,170 (21st everyman)

• Almanac nutrient costs (family of ii): $v,548 (13th lowest)

• Median family unit income: $72,036 (22nd lowest)

• Families earning less than $x,000: 4% (13th highest)

23. Minnesota

• Almanac price of living (family unit of two): $51,051 (18th highest)

• Almanac housing costs (family of two): $ix,201 (24th highest)

• Annual nutrient costs (family unit of 2): $five,913 (22nd highest)

• Median family income: $89,039 (8th highest)

• Families earning less than $ten,000: 2.1% (the lowest)

24. Mississippi

• Annual cost of living (family of 2): $46,141 (8th everyman)

• Annual housing costs (family of ii): $7,464 (9th lowest)

• Annual food costs (family unit of 2): $five,871 (24th lowest)

• Median family income: $57,380 (the lowest)

• Families earning less than $10,000: 6.five% (the highest)

25. Missouri

• Annual cost of living (family of 2): $46,603 (12th lowest)

• Annual housing costs (family of 2): $seven,563 (11th lowest)

• Annual food costs (family of 2): $5,501 (10th everyman)

• Median family income: $69,188 (15th everyman)

• Families earning less than $10,000: 3.v% (20th highest)

26. Montana

• Annual cost of living (family of 2): $49,867 (25th highest)

• Annual housing costs (family of ii): $7,836 (15th lowest)

• Almanac food costs (family of ii): $5,827 (23rd lowest)

• Median family income: $68,940 (14th lowest)

• Families earning less than $ten,000: 2.ix% (21st lowest)

27. Nebraska

• Annual cost of living (family of 2): $49,254 (24th lowest)

• Annual housing costs (family of ii): $7,651 (twelfth lowest)

• Annual nutrient costs (family unit of ii): $5,546 (twelfth lowest)

• Median family income: $75,990 (25th highest)

• Families earning less than $10,000: 2.5% (7th lowest)

28. Nevada

• Annual cost of living (family of 2): $45,891 (7th lowest)

• Annual housing costs (family of 2): $9,237 (23rd highest)

• Almanac food costs (family of 2): $five,941 (20th highest)

• Median family unit income: $71,864 (19th lowest)

• Families earning less than $x,000: 3.v% (20th highest)

29. New Hampshire

• Almanac cost of living (family of 2): $50,717 (21st highest)

• Annual housing costs (family unit of two): $11,177 (twelfth highest)

• Annual nutrient costs (family of 2): $half dozen,329 (eighth highest)

• Median family income: $93,930 (6th highest)

• Families earning less than $10,000: 2.two% (2nd lowest)

xxx. New Bailiwick of jersey

• Annual price of living (family of 2): $56,496 (8th highest)

• Annual housing costs (family of 2): $14,076 (fifth highest)

• Annual food costs (family of 2): $6,293 (ninth highest)

• Median family income: $101,404 (third highest)

• Families earning less than $10,000: 2.8% (18th lowest)

31. New Mexico

• Annual toll of living (family of ii): $43,372 (third everyman)

• Annual housing costs (family of ii): $8,067 (20th lowest)

• Almanac nutrient costs (family unit of 2): $5,651 (16th lowest)

• Median family income: $58,760 (quaternary lowest)

• Families earning less than $10,000: 6.four% (2d highest)

32. New York

• Annual cost of living (family unit of 2): $59,420 (3rd highest)

• Annual housing costs (family of 2): $15,062 (third highest)

• Annual nutrient costs (family of 2): $half-dozen,488 (5th highest)

• Median family unit income: $83,311 (15th highest)

• Families earning less than $x,000: iv% (13th highest)

33. Due north Carolina

• Annual cost of living (family of 2): $52,857 (14th highest)

• Almanac housing costs (family of 2): $eight,417 (22nd everyman)

• Almanac nutrient costs (family of 2): $5,688 (19th lowest)

• Median family income: $67,816 (13th everyman)

• Families earning less than $10,000: iv% (13th highest)

34. North Dakota

• Annual price of living (family of 2): $46,439 (10th lowest)

• Almanac housing costs (family of 2): $7,977 (17th lowest)

• Almanac food costs (family of ii): $5,923 (21st highest)

• Median family income: $86,205 (12th highest)

• Families earning less than $10,000: 2.four% (4th lowest)

35. Ohio

• Annual cost of living (family of 2): $43,359 (2nd lowest)

• Annual housing costs (family of two): $7,409 (6th lowest)

• Annual food costs (family of ii): $5,473 (eighth everyman)

• Median family income: $72,028 (21st lowest)

• Families earning less than $10,000: 4% (13th highest)

36. Oklahoma

• Almanac price of living (family of 2): $48,265 (21st lowest)

• Annual housing costs (family of 2): $7,453 (8th lowest)

• Almanac nutrient costs (family of 2): $5,672 (18th lowest)

• Median family income: $64,082 (eighth lowest)

• Families earning less than $10,000: 4.six% (7th highest)

37. Oregon

• Annual price of living (family of ii): $52,949 (13th highest)

• Annual housing costs (family of two): $10,746 (15th highest)

• Annual food costs (family unit of two): $vi,012 (18th highest)

• Median family unit income: $77,655 (21st highest)

• Families earning less than $ten,000: 3.2% (24th everyman)

38. Pennsylvania

• Annual cost of living (family of 2): $50,409 (23rd highest)

• Annual housing costs (family unit of 2): $9,559 (21st highest)

• Annual food costs (family of ii): $five,909 (23rd highest)

• Median family income: $77,491 (22nd highest)

• Families earning less than $ten,000: three.five% (20th highest)

39. Rhode Island

• Annual toll of living (family of ii): $48,983 (23rd lowest)

• Almanac housing costs (family of 2): $10,887 (14th highest)

• Annual food costs (family of 2): $6,259 (10th highest)

• Median family unit income: $84,212 (14th highest)

• Families earning less than $10,000: 3.5% (20th highest)

40. South Carolina

• Annual cost of living (family of 2): $49,466 (25th lowest)

• Annual housing costs (family of 2): $8,442 (23rd lowest)

• Almanac food costs (family of ii): $5,647 (15th lowest)

• Median family income: $65,742 (tenth everyman)

• Families earning less than $x,000: iv.3% (11th highest)

41. South Dakota

• Annual cost of living (family unit of 2): $47,393 (17th lowest)

• Annual housing costs (family unit of 2): $7,057 (tertiary everyman)

• Almanac food costs (family of two): $five,965 (19th highest)

• Median family income: $72,183 (23rd lowest)

• Families earning less than $x,000: three.3% (25th highest)

42. Tennessee

• Annual toll of living (family of 2): $47,398 (18th lowest)

• Annual housing costs (family of 2): $vii,927 (16th lowest)

• Annual food costs (family of 2): $5,892 (24th highest)

• Median family income: $65,656 (9th lowest)

• Families earning less than $10,000: iv.5% (8th highest)

43. Texas

• Annual cost of living (family of 2): $46,717 (13th lowest)

• Annual housing costs (family of 2): $ix,649 (20th highest)

• Annual food costs (family unit of 2): $five,311 (2nd lowest)

• Median family unit income: $71,868 (20th lowest)

• Families earning less than $10,000: 4.two% (12th highest)

44. Utah

• Annual cost of living (family of 2): $47,333 (16th lowest)

• Annual housing costs (family unit of 2): $8,899 (25th lowest)

• Annual food costs (family of two): $v,585 (14th lowest)

• Median family income: $81,599 (16th highest)

• Families earning less than $10,000: 2.3% (3rd lowest)

45. Vermont

• Annual cost of living (family unit of 2): $58,372 (5th highest)

• Almanac housing costs (family of 2): $10,941 (13th highest)

• Almanac food costs (family of 2): $7,031 (second highest)

• Median family income: $fourscore,452 (18th highest)

• Families earning less than $10,000: ii.ix% (21st lowest)

46. Virginia

• Annual cost of living (family of two): $55,993 (9th highest)

• Almanac housing costs (family of 2): $12,865 (8th highest)

• Annual food costs (family of 2): $six,186 (12th highest)

• Median family income: $88,929 (10th highest)

• Families earning less than $10,000: two.8% (18th lowest)

47. Washington

• Annual price of living (family of 2): $50,797 (20th highest)

• Annual housing costs (family unit of 2): $11,632 (11th highest)

• Annual food costs (family of ii): $6,167 (13th highest)

• Median family income: $87,652 (11th highest)

• Families earning less than $10,000: ii.5% (7th lowest)

48. West Virginia

• Almanac toll of living (family of ii): $48,704 (22nd lowest)

• Annual housing costs (family of 2): $seven,157 (4th lowest)

• Annual food costs (family unit of ii): $5,431 (6th everyman)

• Median family income: $57,718 (2nd everyman)

• Families earning less than $10,000: v.6% (3rd highest)

49. Wisconsin

• Annual price of living (family of 2): $46,795 (14th lowest)

• Annual housing costs (family of 2): $8,024 (19th lowest)

• Annual nutrient costs (family unit of 2): $five,457 (7th everyman)

• Median family income: $76,814 (23rd highest)

• Families earning less than $10,000: two.6% (10th lowest)

50. Wyoming

• Annual price of living (family of 2): $51,341 (17th highest)

• Annual housing costs (family of ii): $viii,017 (18th lowest)

• Annual nutrient costs (family unit of 2): $6,028 (17th highest)

• Median family income: $78,352 (20th highest)

• Families earning less than $10,000: 2.viii% (18th lowest)

Methodology

To determine the income it takes for a family meet basic needs in every country, 24/7 Wall St. reviewed March 2018 data on the yearly income a 2-parent, no children family unit needs in order to maintain a modest yet adequate standard of living from the Economic Policy Constitute'south Family unit Upkeep Calculator. Income estimates account for expenses related to housing, nutrient, transportation, health care, taxes, and other necessities, and were aggregated from the county to the state level.

Data on median family income and the percentage of families earning $x,000 or less came from the U.S. Demography Bureau's 2018 American Community Survey. All data are for the about recent year available.

24/vii Wall Street is a USA TODAY content partner offering financial news and commentary. Its content is produced independently of USA TODAY.

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Source: https://www.usatoday.com/story/money/2019/12/03/the-income-a-family-really-needs-to-avoid-poverty-in-every-state/40706227/

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