The financial services company used Cambridge-based Massachusetts Institute of Technology’s living wage calculator to determine the basic cost of living — including housing, food, transportation and income taxes — for a single individual with no children. It then applied these costs to a 50/30/20 budget to determine a “comfortable” salary, assuming 50% of income would be spent on needs, 30% on wants and 20% on savings or debt payments.
Here are the comfortable salary thresholds for a single adult in each state, according to SmartAsset, listed from highest to lowest:
1. Massachusetts — $116,022
2. Hawaii — $113,693
3. California — $113,651
4. New York — $111,738
5. Washington — $106,496
6. Colorado — $103,293
7. New Jersey — $103,002
8. Maryland — $102,918
9. Oregon — $101,088
10. Rhode Island — $100,838
11. Connecticut — $100,381
12. Virginia — $99,965
13. New Hampshire — $98,093
14. Arizona — $97,344
15. Georgia — $96,886
16. Alaska — $96,762
17. Vermont — $95,763
18. Illinois — $95,098
19. Delaware — $94,141
20. Utah — $93,683
21. Nevada — $93,434
22. Florida — $93,309
23. Maine — $91,686
24. Pennsylvania — $91,312
25. North Carolina — $89,690
26. Minnesota — $89,232
27. Idaho — $88,733
28. South Carolina — $88,317
29. Wyoming — $87,651
30. Texas — $87,027
31. Tennessee — $86,403
32. Indiana — $85,030
33. Montana — $84,739
34. Kansas — $84,656
35. Michigan — $84,365
36. Wisconsin — $84,115
37. Missouri — $84,032
38. Alabama — $83,824
39. Nebraska — $83,699
40. New Mexico — $83,616
41. Iowa — $83,366
42. Mississippi — $82,742
43. Louisiana — $82,451
44. South Dakota — $81,453
45 (tie). Kentucky — $80,704
45 (tie). Ohio — $80,704
47. North Dakota — $80,538
48. Oklahoma — $80,413
49. Arkansas — $79,456
50. West Virginia — $78,790
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
