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Do you make enough money to live comfortably in Texas?
What might be considered a "happy" and "comfortable" lifestyle to someone, might be lacking to another, and vice versa. The word "happy" is subjective to the individual, but, for the purpose of this article, will be used to analyze average salary in relation to cost of living in a particular place.
According to GoBankingRates, the minimum salary needed to live happily in Texas in 2024 is $97,650.
Here's what GoBankingRates had to say about sourcing the data to discover the minimum salary needed to live happily in each state across the country:
"To estimate how much money you might need to be happy in every U.S. state, GOBankingRates factored in each state’s cost-of-living index and used $105,000 — which the Purdue study found was the ideal income for life satisfaction in North America — as the “benchmark.” The states were ranked from least to most amount of money needed to be happy. GOBankingRates also included unemployment rates for many states for informational purposes. The Purdue study also included figures for being content at the “life evaluation” and “emotional well-being” stages. Globally, those were determined to be $95,000 and $60,000 to $75,000, respectively."
For additional information regarding how much you need to make to live comfortably in each state visit gobankingrates.com.