How much money family of 4 needs to live comfortably in U.S. cities
How much money family of 4 needs to live comfortably in U.S. cities The income a family of 4 needs to live comfortably in 20 major U.S. cities Mike Winters cnbc.com A family of four needs to make more than $275,000 to live comfortably in some of the most expensive U.S. cities, a recent SmartAsset analysis reveals . “Comfortable” is defined as the income needed to cover a 50/30/20 budget for a family of two adults and two kids. This budget assumes that 50% of the monthly income can pay for necessities like housing and utility costs, 30% can cover discretionary spending and 20% can be set aside for savings or investments. SmartAsset extrapolated the income needed for a 50/30/20 budget based on the cost of necessities, using data from the MIT Living Wage Calculator. Here’s a look how much income a family of four needs to live comfortably in the 20 most expensive U.S. cities:...