The latest GOBankingRates study reveals that only 11 of the 50 biggest U.S. cities have a median income high enough to cover what's needed to live comfortably.
The 2017 data is even worse news for Americans than last year's study results, which found 15 of the biggest U.S. cities had incomes large enough to support a comfortable living.
The latest GOBankingRates study finds how much money Americans need to make to live comfortably in the 50 biggest U.S. cities.The study used the 50-30-20 budgeting rule when determining the income required for a comfortable living in each city. This rule divides income into three buckets: 50 percent is expected to go toward necessities, 30 percent towards discretionary items and 20 percent towards savings.
To see the full list ordered by population, click here.
Top 5 Cities Where People Struggle to Live Comfortably:
Top 5 Cities Where People Can Easily Afford to Live Comfortably:
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