Special Report

The Income a Family Really Needs to Avoid Poverty in Every State

Source: Davel5957 / Getty Images

Oklahoma
> Annual cost of living (family of 2): $50,339 (21st lowest)
> Annual housing costs (family of 2): $7,773 (8th lowest)
> Annual food costs (family of 2): $5,916 (18th lowest)
> Median family income: $68,358 (8th lowest)
> Families earning less than $10,000: 4.1% (8th highest)

Source: 4nadia / Getty Images

Oregon
> Annual cost of living (family of 2): $55,225 (13th highest)
> Annual housing costs (family of 2): $11,208 (15th highest)
> Annual food costs (family of 2): $6,270 (18th highest)
> Median family income: $82,540 (20th highest)
> Families earning less than $10,000: 2.7% (16th lowest – tied)

Source: f11photo / Getty Images

Pennsylvania
> Annual cost of living (family of 2): $52,576 (23rd highest)
> Annual housing costs (family of 2): $9,970 (21st highest)
> Annual food costs (family of 2): $6,163 (23rd highest)
> Median family income: $81,075 (22nd highest)
> Families earning less than $10,000: 3.5% (17th highest – tied)

Source: DenisTangneyJr / Getty Images

Rhode Island
> Annual cost of living (family of 2): $51,089 (23rd lowest)
> Annual housing costs (family of 2): $11,355 (14th highest)
> Annual food costs (family of 2): $6,528 (10th highest)
> Median family income: $89,373 (14th highest)
> Families earning less than $10,000: 2.8% (21st lowest – tied)

Source: traveler1116 / Getty Images

South Carolina
> Annual cost of living (family of 2): $51,593 (25th lowest)
> Annual housing costs (family of 2): $8,805 (23rd lowest)
> Annual food costs (family of 2): $5,890 (15th lowest)
> Median family income: $70,537 (10th lowest)
> Families earning less than $10,000: 4.2% (7th highest)

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.