{"id":22135,"date":"2025-06-28T15:34:09","date_gmt":"2025-06-28T15:34:09","guid":{"rendered":"https:\/\/www.europesays.com\/us\/22135\/"},"modified":"2025-06-28T15:34:09","modified_gmt":"2025-06-28T15:34:09","slug":"heres-how-much-money-a-family-of-four-now-needs-to-earn-each-year-to-live-comfortably-in-new-york","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/22135\/","title":{"rendered":"Here&#8217;s how much money a family of four now needs to earn each year to live comfortably in New York"},"content":{"rendered":"<p>A family of four living in New York state now needs a staggering $276,973 per year to live comfortably, a new study has found.<\/p>\n<p>SmartAsset <a href=\"https:\/\/smartasset.com\/data-studies\/state-salary-living-comfortably-2025\" target=\"_blank\" rel=\"noopener\">conducted the study<\/a> amid ongoing inflation, looking at each state\u2019s costs for housing and groceries and defining \u201ccomfort\u201d as being able to live by the \u201c50\/30\/20 budget rule.\u201d<\/p>\n<p>\u201cThis rule suggests allocating 50% of your income to necessities, 30% to discretionary spending, and 20% to long-term goals like retirement savings or paying off debt,\u201d the study\u2019s authors explained. <\/p>\n<p>The average household income in the Empire State <a href=\"https:\/\/www.incomebyzipcode.com\/newyork\" target=\"_blank\" rel=\"noopener\">currently stands at about $126,000<\/a>, meaning most families subsist on about half of what is needed to by the SmartAsset definition of comfort. <\/p>\n<p><img style=\"aspect-ratio:1.50588235;display:block\" loading=\"lazy\" decoding=\"async\" data-modal-image=\"36379139\" width=\"888\" height=\"590\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/06\/happy-multiethnic-family-sitting-sofa-107201381_677d23.jpg\" alt=\"Happy multiethnic family laughing on a couch.\" class=\"wp-image-36379139\"  \/>SmartAsset conducted the study amid the rising cost of living, looking at each state\u2019s costs for housing and groceries and defining \u201ccomfort\u201d as being able to live by the \u201c50\/30\/20 budget rule.\u201d Rido \u2013 stock.adobe.com<\/p>\n<p>While New York is certainly pricey for families, it\u2019s the cheapest in the tri-state area, according to the study. <\/p>\n<p>In neighboring New Jersey, a family of four now needs $282,713 to live comfortably. <\/p>\n<p>SmartAsset says the Garden State is one of the areas where costs are rising most rapidly. Just a year ago, a family of four needed $251,181 to live comfortably there, meaning overall costs have surged a whopping 12.55% in the past year alone. <\/p>\n<p>Meanwhile, Connecticut was the costliest in the tri-state area, with a family of four now needing an annual income of $290,368 to be comfortable. <\/p>\n<p><img style=\"aspect-ratio:1.49926794;display:block\" loading=\"lazy\" decoding=\"async\" data-modal-image=\"36379140\" width=\"885\" height=\"590\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/06\/view-residential-houses-living-area-104468392_66388c.jpg\" alt=\"Aerial view of a suburban neighborhood in Rochester, NY.\" class=\"wp-image-36379140\"  \/>Aerial view of a suburban neighborhood in Rochester, NY. bilanol \u2013 stock.adobe.com<\/p>\n<p>The priciest state for a family of four in the US is currently Massachusetts, per the study, where $313,747 is needed to live by the 50\/30\/20 budget rule. <\/p>\n<p>Meanwhile, the state with the lowest household income needed for a family of four is Mississippi, where  $186,618 is required to live in relative comfort. <\/p>\n","protected":false},"excerpt":{"rendered":"A family of four living in New York state now needs a staggering $276,973 per year to live&hellip;\n","protected":false},"author":3,"featured_media":22136,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[3232,64,619,266,1165,6459,405,255,67,132,68],"class_list":{"0":"post-22135","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-budget","9":"tag-business","10":"tag-income","11":"tag-inflation","12":"tag-lifestyle","13":"tag-money","14":"tag-new-york","15":"tag-personal-finance","16":"tag-united-states","17":"tag-unitedstates","18":"tag-us"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/22135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=22135"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/22135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/22136"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=22135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=22135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=22135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}