• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » Hefty incomes needed for solo living in the U.S. – study

Hefty incomes needed for solo living in the U.S. – study

Photo from Juan Ordonez on Unsplash

NEW YORK, UNITED STATES — Living comfortably solo in major U.S. cities demands substantial salaries, a SmartAsset analysis reveals

To maintain a 50/30/20 budget, covering 50% of necessities, 30% discretionary spending, and 20% savings, a single person requires a median income of $93,933 across 99 metro areas. 

On average, an individual needs to earn $96,500 annually to live comfortably in a major city, while a family of four requires a combined income of around $235,000. The costs are highest in San Francisco, where a couple with two children must make over $339,000 to avoid financial strain.

Meanwhile, New York City tops the list, necessitating $138,570 for comfortable solo living. Other cities with steep costs include San Jose ($334,547 for a family), Boston ($319,738), and Arlington ($318,573).

While employers offer higher salaries to attract talent, housing costs strain budgets. According to the Community Service Society, in New York, a third of residents spend half their income on rent.

There’s also a ‘singles tax‘ in large cities for living alone that can add up to thousands of dollars each year, citing higher food, shelter, and transportation expenses.

Here’s the income a single person needs to live comfortably in the 10 U.S. cities with the highest cost of living:

  1. New York City: $138,570
  2. San Jose, California: $136,739
  3. Irvine, California: $126,797
  4. Santa Ana, California: $126,797
  5. Boston: $124,966
  6. San Diego: $122,803
  7. Chula Vista, California: $122,803
  8. San Francisco: $119,558
  9. Seattle: $119,392
  10. Oakland, California: $118,768

On the other hand, Houston, El Paso, and Lubbock topped the list of most affordable major cities, with individuals needing around $75,000 for a comfortable lifestyle in these Texas metros.

Read more here.


Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image