A family of four faces significant financial challenges across U.S. states due to varying living costs. According to GOBankingRates’ analysis from December 2024, over half the states—26 in total—require an annual income exceeding $150,000 to cover essential expenses like housing, groceries, utilities, healthcare, and transportation.
Hawaii emerges as the most expensive state at roughly $259,000 annually for basic household needs. Massachusetts ($200,000) and California ($188,000) follow closely. These costs highlight the growing financial burden on families in coastal states.
Meanwhile, states like West Virginia, Alabama, and Mississippi offer more affordable living conditions, with a family of four managing on about $82,000 annually—a third less than Hawaii. However, relocation decisions should also consider job opportunities, local wages, and long-term economic growth potential.
The data is derived from the Consumer Expenditure Survey by the Bureau of Labor Statistics, which analyzed routine monthly bills across five categories: shelter, food, utilities, healthcare, and transportation. These estimates reflect broad trends aiding families in planning for relocation or future moves.
As inflation and sector-specific costs fluctuate annually, keeping these figures in mind is wise to make informed decisions.
Source: https://www.visualcapitalist.com/mapped-living-wage-family-four-by-state