The income needed to live comfortably is rising in nearly all major cities — but that number can look drastically different depending on what part of the country you live in.
In a new analysis, researchers at GOBankingRates crunched the latest data from Zillow, the Federal Reserve and the Bureau of Labor Statistics to determine what it takes to live comfortably in America’s 50 largest cities.
More specifically, we calculated the income needed to follow the 50/30/20 budgeting rule: 50% of your income towards mandatory expenses, 30% of your income towards savings and 20% of your income toward wants.
- Our findings show you need to make $101,000 to live comfortably in Charlotte.
You can see how Charlotte compares to America’s other major cities in our full report here: https://www.
