Posted August 31, 2023
A survey released Monday outlines how much individuals in each state need to earn as a comfortable living wage. Both Missouri and Kansas are among the top states with the lowest income necessities.
The survey was conducted by GoBankingRates.com following the July 2023 Consumer Price Index showing the “all items index” increase to 3.2 percent over the course of 12 months, according to the U.S. Bureau of Labor Statistics.
Kansas and Missouri were ranked in the top ten cheapest states for comfortable single living. Kansas was ranked No. 6 with a living wage average of $47,379. While Missouri ranked slightly lower in the No. 8 spot with a living wage average of $47,771.
After calculating the pay in necessities each year for a single individual, those amounts were doubled to account for factors in discretionary spending and savings, according to the survey.
View the GoBankingRates.com survey, here.