- Hawaii is the most expensive place for single people to live in the US, an analysis found.
- Single people need an annual paycheck of $112,411 to make a living wage in the state, per the data.
The cost of living for single people is often dramatically higher than their coupled-up counterparts. But while $4 is nothing new, single people in some US states may be faring better than others.
An $4, a personal finance website, found that $4 for single people to live in the US. They need around $112,000 to make a living wage in the state, which is more than double the US median salary of $57,200, data from the $4 showed.
Mississippi was ranked the cheapest state in the US, where single people only needed to make $45,906 a year to earn a living wage, per the analysis.
The study used survey data from the Bureau of Labor Statistics to calculate the cost of annual necessities for a single person state by state. The researchers then doubled the cost of necessities to factor in discretionary spending and savings.
Here's how the cost of living varies per state in five of the most expensive states.
1. Hawaii
Living wage for a single person: $112,411
2. Massachusetts
Living wage for a single person: $87,909
3. California
Living wage for a single person: $80,013
4. New York
Living wage for a single person: $73,226
5. Alaska
Living wage for a single person: $71,570