Are you aware of the living wage in the United States?

united states
living wage
Co-Authored and Reviewed by Gagan Sandhu, MBA - The University of Chicago Booth School of Business, CEO of Xillion
Posted on . 1 min read

Salary is important, but your standard of living has a lot to do with location.

Researchers at MIT calculated the living wage for different cities in America. It means “the hourly rate that an individual in a household must earn to support his or herself and their family.”

Location Living Salary
Parker, West Virginia $82,388
Detroit, Michigan $84,926
Columbus, Ohio $85,176
Santa Fe, New Mexico $90,188
New York, New York $104,707
Boulder, Colorado $104,915
Los Angeles, California $109,865
San Diego, California $114,212

Source: MIT Living Salary Calculator for 3 Children Household

Any surprises?

When making financial goals, it's important to consider location. That's why Xillion's tools — like our Money Score and Financial Independence tool — include cost-of-living considerations. Get started on your personalized financial journey at Xillion today!

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