New Jersey Ranks 10th for Income Needed to Cover Cost of Living for Singles
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New Jersey came in 10th place for annual income needed for a single person to earn a living wage, according to a GOBankingRates study.
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The study found a single person needs to make $64,463 in New Jersey to cover bills and expenses.
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Hawaii ranked #1 with the highest income needed at $112,411.
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Mississippi had the lowest income requirement at $45,906 for a single person.
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The study derived costs from consumer expenditure data and cost of living information.
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The annual cost of necessities was doubled to account for discretionary spending and savings.