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To pinpoint the average retirement income you would need to live comfortably throughout the U.S., GOBankingRates looked at five factors in all 50 states: an individual’s spending on groceries ...
Note that Washington, D.C., has the highest mean retirement income among retirees at $49,072, though you’d need more than twice that amount — $100,326 — to afford a comfortable retirement.
Alabama. Annual cost of a comfortable retirement: $56,048 Retirement savings needed at 60: $1,120,967 Retirement savings needed at 70: $560,483 Learn More: 8 States To Move to If You Don’t Want ...
Wyoming. Annual cost of a comfortable living: $92,488 Cost of 25 years of comfortable retirement with Social Security: $1,186,706 How much you need to save monthly if you start at 25: $2,472 ...
West Virginia. Household median income: $55,217 Mortgage monthly average cost: $1,000.38 Expenditure monthly average cost: $1,821.93 Total cost of living monthly: $2,822.31 Comfortable cost of ...
This is a list of U.S. states, territories, and Washington, D.C. by income.Data is given according to the 2023 American Community Survey (ACS) 1-Year Estimates, except for the American Samoa, Guam, the Northern Mariana Islands and the U.S. Virgin Islands, for which the data comes from 2010, as ACS does not operate in these areas.
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