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☆ You need at least $1 million to retire comfortably in these 10 U.S. states—half are in the Northeast
▼ + stars: | 2024-04-25 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

On average, Americans believe they should save up around $1.46 million before retiring, per Northwestern Mutual's 2024 Planning and Progress study. But in certain states, like Hawaii, you'd actually need more than that. The minimum amount of savings you'd need to retire in the Aloha state is $2,051,077, according to a GOBankingRates study. It also looked at each state's cost of living through the Missouri Economic Research and Information Center state-by-state cost of living index, based on the Council for Community and Economic Research survey data. Here are the 10 states where you'd need the most to retire comfortably, according to GOBankingRates data shared with CNBC Make It.

Persons: GOBankingRates Organizations: Security, Bureau of Labor Statistics, Survey, Missouri Economic Research, Information Center, Council for Community, Economic Research, CNBC Locations: Northwestern, Hawaii, you'd, Aloha, Missouri

☆ The income everyday Americans earn in every U.S. state—see how your salary measures up
▼ + stars: | 2024-04-14 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

The Northeast and Western regions tend to have higher-earning populations compared with the South and some states in the Midwest. Massachusetts tops the rankings with the highest median wage of $60,690 for individual workers, while Mississippi has the lowest median wage in the country at $37,500. In Wyoming, workers have the 26th highest median wage, but the 18th lowest cost of living. Florida, similarly, has the 14th lowest median wage, but is only the 29th cheapest state to live in, according to MERIC. Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.

Organizations: Bureau of Labor Statistics, Rhode, Missouri Economic Research, Information Center, for Community, Economic Research, CNBC Locations: Midwest . Massachusetts, Mississippi, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, Hampshire, Jersey, Mexico, York, Carolina, Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming, . Massachusetts, U.S

☆ The income a family of 4 needs to live comfortably in 20 major U.S. cities
▼ + stars: | 2024-03-27 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

A family of four needs to make more than $275,000 to live comfortably in some of the most expensive U.S. cities, a recent SmartAsset analysis reveals. "Comfortable" is defined as the income needed to cover a 50/30/20 budget for a family of two adults and two kids. That's followed by other cities known for having notoriously expensive housing costs, including Boston, New York City, Honolulu and Los Angeles. Out of all 99 cities SmartAsset examined, a family of four would need a median of $226,886 to live comfortably. But that's still higher than the median family income in the U.S. of $92,750, according to the most recent U.S. Census bureau data available.

Persons: That's Organizations: MIT, Boston, New, Urban, Santa, Chula, Seattle, Legislative, Office, for Community & Economic Research, CNBC Locations: San Francisco, Jose , California, Arlington , Virginia, New York City, Oakland, California, Urban Honolulu, Hawaii, Irvine , California, Santa Ana , California, Portland , Oregon, Diego, Chula Vista , California, Newark , New Jersey, Jersey City , New Jersey, Aurora, Colorado, Long Beach , California, Anaheim , California, Angeles, Washington, Francisco, Boston , New York City, Honolulu, Los Angeles, In California, U.S, Houston

☆ The top 10 U.S. cities where a $100,000 salary goes the furthest—half are in Texas
▼ + stars: | 2024-03-19 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

It turns out, that includes how far a $100,000 salary will get you, according to a recent SmartAsset study. A six-figure income offers the most purchasing power in El Paso, Texas, the study found. In El Paso, a $100,000 salary amounts to around $88,840 after taking out those expenses. One factor potentially fueling the Lone Star State's dominance is its tax friendliness, since Texas does not collect state income taxes. However, residents still pay federal income taxes and face some of the highest property taxes in the country.

Persons: Zers —, — Organizations: Council for Community, Economic Research, Census, Christi, Houston, Star Locations: Texas, U.S, El Paso , Texas, El Paso, Mexico, RentCafe, San Antonio, Lubbock

☆ The 15 US cities where your money goes the furthest
▼ + stars: | 2024-03-05 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

This city is also where renters can see their money go the furthest among 189 places in a recent analysis from RentCafe. Meanwhile, Both wrote that "Boston had similar prices for basic necessities" as well as "a slightly higher monthly rent" than for Sunnyvale. AdvertisementManhattan had the largest monthly rent plus basic necessities value but ended up having one of the lower scores, at 14.73. Based on the scores calculated using income, rent, and expenses data, three of the top 15 cities where income can go far were in Texas, with scores near or over 60.0. "The coastal cities, the gateway cities have always been hubs for greater density," Ressler said.

Persons: —, Lockheed Martin, Doug Ressler, RentCafe, Alexandra Both, Ressler, there's, they've Organizations: Service, Google, Lockheed, Council for Community, Economic Research, Business, BI, Sunnyvale, Manhattan Locations: Sunnyvale , California, Athens, Georgia, New Orleans, Albany , New York, Gainesville , Florida, Auburn , Alabama, RentCafe, Silicon Valley, Boston, Sunnyvale, Texas, Virginia

☆ Disneyland’s Mickey, Minnie, Donald and Goofy want to join a union
▼ + stars: | 2024-02-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

The union said on Tuesday that about 60% of the 1,700 Disneyland employees in the characters and parades departments have signed cards seeking a union representation election. Performers doing the same work at Disney World in Orlando, Florida, are already in a union and have been for years. And until recently the Disney World performers were paid more than their Disneyland counterparts, according to the union. The Disneyland performers had been getting $20 an hour until the union organizing drive began late last year. “But magic alone doesn’t pay the rent.”The union already represents some of the Disney World performers.

Persons: Mickey, Minnie Mouse, Donald Duck, ” Kate Shindle, ” Disney, Nelson Peltz, –, Samantha Delouya Organizations: New, New York CNN, Disney, Actor’s Equity Association, Disneyland, Council for Community, Economic Research, Actor’s Equity, CNN Locations: New York, Los Angeles, Orlando , Florida, Orange County , California, Orlando .

☆ These 8 affordable US cities have the most home-price appreciation potential in the years ahead, according to a broker at Sotheby's International Realty
▼ + stars: | 2024-01-04 | by ( William Edwards | ) www.businessinsider.com time to read: +2 min

Remote workers may also seek out cities with cultures they enjoy more, those that are walkable, and those that are well-connected via a major airport, she said. All of them have median home prices relatively close to, or below, the national median of $408,573, according to Redfin data. And they are all significantly less expensive than median prices in New York or Boston, which hover near $800,000, or San Francisco and Los Angeles, which both have median prices over $1 million. The eight cities also have below-average costs of living, according to the Council for Community and Economic Research's Cost of Living Index. We've listed the eight cities below, their median home prices, populations, cost of living index scores, and major airports.

Persons: Nicole Beauchamp, we've, Beauchamp Organizations: Sotheby's, Business, Council for Community Locations: New York, Boston, San Francisco, Los Angeles

☆ Cost of living in 32 of the biggest Midwestern cities
▼ + stars: | 2023-12-01 | by ( Madison Hoff | Cork Gaines | ) www.businessinsider.com time to read: +2 min

Chicago had the highest Cost of Living Index score among 32 Midwestern cities. Of the 32 Midwestern urban areas examined, 29 fell below the national average. However, the vast majority of the 32 large Midwestern cities included in the study are cheaper than the national average. The Council for Community and Economic Research, or C2ER, released its quarterly Cost of Living Index in October. Below are the 32 Midwestern places in our analysis ranked by their indexes from C2ER.

Persons: — Organizations: Chicago, Service, Midwest, for Community, Economic Research, Index, Detroit — Locations: Springfield , Missouri, — Illinois, Indiana , Iowa , Kansas , Michigan, Minnesota , Missouri , Nebraska, North Dakota , Ohio, South Dakota, Wisconsin, Florida , Texas, California, Chicago, Detroit, Milwaukee

The Council for Community and Economic Research calculated the cost of living in over 300 US cities. Here are the 17 cheapest cities, where essentials like housing, groceries, and gas are cheaper. People looking for a more affordable life often migrate to smaller states like Oklahoma and Tennessee. Expensive states like California, meanwhile, are continuing to lose residents to less pricey spots in Florida and Texas. Read on for the 17 cheapest cities to live in the US, listed in order from most to least expensive.

Persons: —, it's, Read Organizations: for Community, Economic Research, Service Locations: Oklahoma, Tennessee, California, Florida and Texas, Midwest, Illinois, Georgia

☆ Homebuyers must earn more than $400,000 to afford a home in the 2 priciest metro areas — and New York isn’t one of them
▼ + stars: | 2023-10-25 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

"The Bay Area has consistently been one of the most expensive markets in the country," said Daryl Fairweather, chief economist at Redfin. Why the New York metro area is low on the listMidtown Manhattan, New York, as seen from Hoboken, New Jersey. That's because the metro area goes beyond Manhattan and the city's four other boroughs, extending into nearby counties. "Even though Manhattan is really expensive, once you get to the outlying areas [in] the New York metro area, it actually becomes quite affordable," said Fairweather. Interested homebuyers in the region still need to earn six figures annually to afford a home, about $197,734, Redfin estimates.

Persons: Thomas Barwick, San, Daryl Fairweather, Gary Hershorn, Fairweather Organizations: Area, Redfin, California metros, San Diego —, New, Midtown, Corbis, Council for Community Locations: Getty, San Francisco, San Jose , California, California, Anaheim, Oakland, San Diego, New York, Midtown Manhattan , New York, Hoboken , New Jersey, Manhattan, U.S

☆ A Silicon Valley billionaire is leasing a 2-acre plot of private land for $1 a year to help address the Bay Area's housing crisis
▼ + stars: | 2023-10-19 | by ( Erin Snodgrass | Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

The San Jose City Council voted to approve a new quick-build housing development for the unhoused. Silicon Valley billionaire John Sobrato will lease 2 acres of private land to the city at $1 a year. AdvertisementAdvertisementA Bay Area billionaire is offering his private land to the city of San Jose, California, for a $1 annual lease in an effort to tackle the area's homelessness. A 2023 Point-in-Time homeless census released earlier this year found at least 6,340 people were homeless in San Jose, local media reported. San Jose City Council representatives did not return Insider's request for comment.

Persons: John Sobrato, —, Sobrato, Matt Mahan, @MattMahanSJ, Mahan Organizations: San Jose City, Service, Area, San Jose City Council, Via, San Jose, NBC, VTA, Via Del, Council for Community, Economic Research, Sobrato Organization, Forbes Locations: San, Silicon Valley, San Jose , California, Via Del Oro, NBC Bay, South San Jose, Via, Edenvale, San Jose, California, Valley, Del Oro, Unhoused

☆ Cost of living in 9 Georgia cities, ranked from cheapest to most expensive
▼ + stars: | 2023-09-27 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Atlanta had the highest Cost of Living Index score among nine Georgia cities, a research group found. However, all nine of those areas fall below the national average on the Cost of Living Index. The Cost of Living Index is based on several categories, including healthcare and grocery items. Prices of different services and expenses are also included, based on C2ER data that was shared with Insider. Insider also looked at cities in California, Colorado, Florida, and Texas using the Cost of Living Index data.

Persons: —, C2ER Organizations: Atlanta, Service, for Community, Economic Research Locations: Georgia, America's, Atlanta, C2ER . Georgia, Savannah, Columbus, California , Colorado , Florida, Texas

☆ Cost of living in 5 Colorado cities, ranked from cheapest to most expensive
▼ + stars: | 2023-09-23 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

A research group found Denver had the highest Cost of Living Index score among five Colorado cities. Meanwhile, Pueblo and Grand Junction were the least expensive cities to live in. The Cost of Living Index is based on a few categories, including housing and grocery items. AdvertisementAdvertisementThe following shows the five Colorado cities with data for the second quarter of 2023, sorted by their composite index. Insider also looked at the cost of living in Texas, Florida, and California using the Cost of Living Index data.

Persons: — Organizations: Service, Council for Community, Economic Research, Colorado, Manhattan, C2ER Locations: Denver, Colorado, Pueblo, Wall, Silicon, Colorado Springs, Texas , Florida, California

☆ The 10 most expensive U.S. states to retire in 2023—California isn’t No. 1
▼ + stars: | 2023-09-12 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

And now, the state overall ranks as the most expensive place to retire in the U.S., according to recent Bankrate data. New York moved up to the top spot from ninth place on last year's list of the most expensive states to retire. California ranks as the second-most expensive state to retire for the second year in a row, according to Bankrate. The Golden State doesn't tax Social Security benefits, but applies income taxes to withdrawals from other sources. Here are the top 10 most expensive U.S. states to retire in 2023, according to Bankrate.

Persons: Bankrate, — it’s Organizations: Tax Foundation, Council for Community, Economic Research, Fiscal, Security, State Locations: York City, U.S, New York, NYC, California

☆ Cost of living in 21 Texas cities, ranked cheapest to most expensive
▼ + stars: | 2023-09-11 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Plano had the highest Cost of Living Index score among 21 Texas cities. Most of those 21 urban areas were less expensive than the national average. Harlingen, Texas, was the least expensive among the 21 Texas locations with scores. The Council for Community and Economic Research, or C2ER, creates a quarterly Cost of Living Index. The following shows how the 21 Texas urban areas with data for the second quarter ranked among each other, based on the Cost of Living Index from C2ER.

Persons: Austin didn't Organizations: Plano, Service, for Community, Economic Research Locations: Texas, Harlingen , Texas, Wall, Silicon, Plano, Dallas, Houston, Abilene, Florida, California

☆ Cost of living in 10 of California's major cities, ranked cheapest to most expensive
▼ + stars: | 2023-09-02 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

It's more expensive to live in San Jose, California, than Bakersfield, California. The Council for Community and Economic Research looked at 274 urban areas for the second quarter of 2023. The Council for Community and Economic Research, or C2ER, publishes a quarterly Cost of Living Index for US urban areas. According to the press release, there were 274 urban areas that participated in the second quarter of this year. A score of 100 means it's equivalent to the national average for the 274 urban areas.

Persons: Jose Organizations: for Community, Economic, Service, Economic Research, Index, Manhattan Locations: San Jose , California, Bakersfield , California, California, Wall, Silicon, Jose, San Francisco

☆ The 10 cheapest U.S. states to retire—Florida doesn't make the list
▼ + stars: | 2023-08-31 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

West Virginia ranks as the least expensive state to retire in 2023, according to data from Bankrate's "Best and Worst States to Retire" list. The state's light tax burden and low cost of living may make it an attractive option for retirees. West Virginia is relatively tax-friendly toward retirees, according to SmartAsset. Although Florida has long been considered a popular destination for retirees, the state didn't place among the cheapest states to retire for the second year in a row. Here are the most and least affordable states to retire in 2023, according to Bankrate.

Organizations: West Virginia, States, Council for Community, Tax Foundation, Sunshine State, National Association of Realtors Locations: Virginia, West, Florida

☆ Cost of living in 10 of Florida's major cities, ranked cheapest to most expensive
▼ + stars: | 2023-08-27 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Miami-Dade County is the most expensive urban area in Florida among the 10 places on the list. A composite index of 100 for a city means its cost living is equal to the national average. AdvertisementAdvertisementBelow is how expensive it can be to live in 10 urban areas in the Sunshine State. We also included some of the average prices of goods and services for the first quarter of this year. Did you move to one of these Florida places for the cost of living or did you decide to move out of Florida?

Persons: C2ER Organizations: Miami, Council for Community, Economic, Service, Sunshine State Locations: Dade County, Florida, Wall, Silicon, Sunshine, Manhattan , New York

☆ The 15 U.S. cities with the highest cost of living—San Francisco isn't No. 1
▼ + stars: | 2023-08-22 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

A composite score of 100 is the national average, and any score higher than 100 is above average. In Honolulu and San Francisco, other cities known for extreme housing costs, they're about three times the national average. Many of these affluent families reside in Manhattan and are able to afford opulent homes, pushing up average housing costs. In addition to housing, Manhattan has the highest miscellaneous living costs, including expenses like entertainment, alcohol and apparel. Data for the Cost of Living Index was collected from Jan. 1 through March 31, 2023.

Persons: Francisco's, Queens —, Warren Buffett Organizations: Council for Community, New, Honolulu :, Angeles, Diego :, Queens Locations: Manhattan, U.S, York, New York, Honolulu, Francisco, Brooklyn, Orange County , California, Long, Washington, Boston, Seattle, Diego, Arlington , Virginia, Oakland , California, Queens, Bethesda, Gaithersburg, Frederick , Maryland, Nassau County , New York, San Francisco, — Brooklyn, Harlingen , Texas

☆ The 10 U.S. cities where a $100,000 salary goes the furthest
▼ + stars: | 2023-08-18 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com time to read: +2 min

But now, $100,000 salary only goes so far — and its worth varies from city to city. Across major U.S. cities, $100,000 can be worth as much as $86,444 and as little as $35,791, a recent SmartAsset study finds. The study compares the value of $100,000 across 76 major U.S. cities, accounting for cities' income taxes and cost of living. Cities in the South, from Tennessee to Texas, dominated the top 10 cities where $100,000 goes the furthest. In SF, a $100,000 salary is worth only $36,445; in the Big Apple, it's worth just $35,791.

Persons: Warren Buffett Organizations: Big Apple, El, Oklahoma City, Fort, Council for Community, Economic Locations: U.S, Cities, Tennessee, Texas, Memphis , Tennessee, San Francisco and New York, El Paso , Texas, Oklahoma City , Oklahoma, Christi , Texas, Lubbock , Texas, Houston , Texas, Antonio , Texas, Fort Worth , Texas, Arlington , Texas, Louis , Missouri

☆ Here's why Americans can't stop living paycheck to paycheck
▼ + stars: | 2023-08-17 | by ( Juhohn Lee | ) www.cnbc.com time to read: +2 min

For many Americans, payday can't come soon enough. As of June, 61% of adults are living paycheck to paycheck, according to a LendingClub report. In other words, they rely on those regular paychecks to meet essential living expenses, with little to no money left over. Almost three-quarters, 72%, of Americans say they aren't financially secure given their current financial standing, and more than a quarter said they will likely never be financially secure, according to a survey by Bankrate. That amount already accounts for about 61% of the median take-home pay.

Persons: Ida Rademacher, there's, Kamila Elliott Organizations: Aspen Institute, Principal Financial, Institute, Finance, U.S . Bureau of Labor Statistics, for Community, Economic Research, Wealth Partners, CNBC's Locations: U.S, Atlanta

☆ The 15 most affordable US cities to live in 2023
▼ + stars: | 2023-08-10 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +2 min

Personal-finance company Kiplinger has ranked the cheapest US cities to live in this year. It considered factors like cost of living, unemployment rates, and home values in 267 urban areas. Personal-finance company Kiplinger identified America's cheapest cities as of April 2023. The study shows that many of the most budget-friendly cities in America are found in the South, a region renowned for its advantageous income-to-cost ratio. Read on for the 15 cheapest cities in the US 2023 — maybe one will spark your interest.

Persons: Kiplinger, Craig Grove, Read Organizations: Kiplinger, Service, Council for Community, Economic Research, Realty Locations: Alabama, Texas, Harlingen , Texas, Wall, Silicon, America, Rio Grande Valley, Brownsville, Craig, Georgia, —, Michigan, Kansas

☆ High-earners could save 40% of their salary by moving from New York to Texas because of cheaper living costs and lower tax rates, report says
▼ + stars: | 2023-07-21 | by ( Sawdah Bhaimiya | Junior Reporter | Business News | ) www.businessinsider.com time to read: +2 min

High-earners in New York could save 40% of their salary by moving to Texas, a new study shows. This is because New York City has higher tax rates and living costs. High-earners in New York City could save 40% of their salary by relocating to Texas, a new study found. This is because after accounting for tax and the cost of living, you'd have only $160,717 left in New York but in Austin, you'd have $418,929 left. Some young professionals are being pushed out of New York City because wages are not keeping up with increasing costs.

Persons: SmartAsset, San Francisco Organizations: New, New York City, Council for Community, Economic Research, Smart Asset, New York, San Locations: New York, Texas, San Francisco, Austin , Texas, Austin, Austin it's, New York City

☆ The 10 worst U.S. states to retire in
▼ + stars: | 2023-05-13 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

But it may not be the best state to spend your post-work years. Kentucky ranks as the worst state to take up retirement in 2023, according to a WalletHub study. WalletHub ranked all 50 U.S. states based on three key categories: affordability, quality of life and health care. That means that even if a state ranked highly in one category, a much lower ranking in another category could lower its overall position. Here are the 10 best and worst states to retire in 2023, according to WalletHub:

☆ The 10 best states to retire in—and Florida isn't No. 1
▼ + stars: | 2023-04-15 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

Move over, Florida, a new locale ranks as the best state to retire in. 1 state to retire in, Virginia has taken the top spot this year, according to personal finance website WalletHub's "2023's Best States to Retire" study. WalletHub evaluated all 50 U.S. states in three key categories: affordability, quality of life and access to health care. A state's overall retirement friendliness was based on its total score across all three categories. CHECK OUT: The 10 most expensive U.S. states to retire in — California didn’t make the list

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