Special Report
The Income a Family Needs to Cover Normal Living Expenses in Every State
April 19, 2022 12:00 pm
Kansas
> Annual cost of living (family of 4): $79,124 (19th lowest)
> Annual housing costs (family of 4): $10,740 (15th lowest)
> Annual food costs (family of 4): $9,341 (19th lowest)
> Median family income: $77,620 (25th lowest)
> Families earning less than $10,000: 2.7% (14th lowest)
Kentucky
> Annual cost of living (family of 4): $74,849 (8th lowest)
> Annual housing costs (family of 4): $9,687 (5th lowest)
> Annual food costs (family of 4): $8,527 (the lowest)
> Median family income: $65,893 (6th lowest)
> Families earning less than $10,000: 5.2% (4th highest)
Louisiana
> Annual cost of living (family of 4): $76,581 (11th lowest)
> Annual housing costs (family of 4): $11,046 (21st lowest)
> Annual food costs (family of 4): $9,748 (25th highest)
> Median family income: $65,427 (5th lowest)
> Families earning less than $10,000: 5.5% (2nd highest)
Maine
> Annual cost of living (family of 4): $83,440 (24th highest)
> Annual housing costs (family of 4): $13,104 (23rd highest)
> Annual food costs (family of 4): $11,480 (3rd highest)
> Median family income: $76,192 (23rd lowest)
> Families earning less than $10,000: 2.5% (7th lowest)
Maryland
> Annual cost of living (family of 4): $89,052 (14th highest)
> Annual housing costs (family of 4): $17,840 (6th highest)
> Annual food costs (family of 4): $10,293 (14th highest)
> Median family income: $105,790 (2nd highest)
> Families earning less than $10,000: 2.6% (11th lowest)
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.