The minimum income needed to survive in America varies greatly depending on location and individual circumstances, but generally, a single person needs to earn at least $70,000 to cover basic needs in a major city like New York. For a family of four, the need could be as high as $235,000
An individual must earn $96,500 a year before taxes to afford housing, groceries, transportation and entertainment, while also paying off debt and putting some money into savings
To survive in the US, a single adult generally needs an income of around $55,000 to $60,000 annually
To survive in the US, a single adult generally needs an income of around $55,000 to $60,000 annually
For retirees on a fixed income, states like Mississippi, South Carolina, and Tennessee are often recommended. These states offer a lower cost of living, particularly in housing, and some have tax advantages for retirees, such as no state income tax or exemptions for Social Security and retirement income.