Even after adjusting for higher state and city minimum wages, the group said, there is "nowhere in the country" where a minimum-wage worker would earns enough. The group noted that many low-wage workers don't make enough money to adequately provide for their family's basic needs. On the flipside, that same household would only need to earn $58,906 to live comfortably in Brownsville, Texas, the least expensive metro area in the country. Perhaps unsurprisingly, San Francisco ranked first in the nation as the most expensive metro area with a basic budget of $148,439 a year for a two-parent, two-child household. It is above all else a tool for policymakers to advocate for ways to raise wages and make their communities more affordable."
#Average monthly expenses for family of 6 update#
"The latest update provides even greater detail on how costs vary throughout the country. "Our Family Budget Calculator goes beyond traditional measures like the poverty line to paint a detailed picture of what families need to get by," EPI Senior Economist Elise Gould said in a release.
The family budget calculator accounts for geographic differences in cost of living, but does not include many expenses associated with a middle-class lifestyle, including student loan payments or saving for college or retirement. A four-person family needs $94,312 annually or $7,859 per month for comfortable living in New London County.Ī family of four needs $97,898 annually or $8,156 per month to live comfortably in Middlesex County.Ī family of four needs $87,755 annually or $7,313 for comfortable living.Ī family of four needs $93,537 annually or $7,795 per month to live comfortably.Ī four-person family needs $86,747 or $7,229 per month to live comfortably.
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