GOBankingRates conducted a cost-of-living comparison of the 75 most populous U.S. cities to find out the income needed to live comfortably in U.S. cities. Using 50-30-20 budgeting rule ― in which 50 percent of income covers necessities, 30 percent is for discretionary items and 20 percent is saved ―the study analyzes at what income level you can comfortably cover the living expenses. Here is 10 notable cities on the list with the income needed to live comfortably:
- San Francisco: $119,570
- Boston: $84,422
- Washington, DC: $83,104
- New York: $87,446
- Los Angeles: $74,371
- Denver: $62,842
- Nashville: $61,015
- Baltimore: 53,897
- Houston: $60,795
- Miami: $77,057