Money Amount Needed For Economic Security By State For Individuals And Two Children Households

From howmuch, "How Much Money Americans Need for Economic Security in Every State:"

1 out of 3 adults in the U.S. is economically insecure, meaning they don’t have the resources to provide for housing, food, transportation and childcare.

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Source: howmuch

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There’s a clear cluster of states around the Northeast led by New York, where an adult would need at least $44,088 to get by. The situation across the Midwest is comparably much more manageable with only a couple in the middle band of expensive states. South Dakota is boasts the lowest threshold in the country at only $24,648.

Going to the other extreme, California ($42,060) stands out on the West Coast. Hawaii takes the cake as the most expensive state in the Union ($45,456), not counting Washington, DC ($50,508). In other words, if someone working in Washington, DC were to move to South Dakota but keep the same job, he or she would earn double the amount needed for minimal economic security.

Source: howmuch

The situation is a bit more complicated for two working parents with one infant and a preschooler. The Northeast remains prohibitively expensive with young parents in New York needing to earn an astonishing $101,496 just for economic security. The threshold for Washington, DC meanwhile jumps to $124,320. It’s the same story on the West Coast too, where working Californians with two children need to make $94,992.