Tag

Costofliving

All articles tagged with #costofliving

economy1 day ago•12 min saved

Affordability by Place and Race: Brookings Maps the Gaps Across States

Brookings’ States of Affordability introduces a county‑level cost‑of‑living measure and finds that 45.5% of US households could not make ends meet in 2024, with wide variation by state and race; the report shows wages haven’t kept pace with productivity, reveals persistent racial disparities, and estimates that raising wages by $10/hour or cutting costs by $500/month could bring millions more households into affordability, underscoring the need for tailored state policies as the series explores drivers of affordability.

via Brookings|

#affordability #costofliving #economy

politics1 month ago•10 min saved

Californians seek affordability and change as governor race stays wide open

A CBS News/YouGov poll shows California voters are focused on the cost of living and the economy as the state’s governor race remains highly unsettled, with a fractured Democratic field and Republicans emphasizing change and lower taxes. Democrats favor a candidate with policies similar to Gov. Newsom and an anti-Trump stance, while Republicans seek a candidate who would back Trump. Debates are influential, housing and tax policy are top priorities (Democrats favor more housing; Republicans call for tax relief), and gas prices spur discussion on suspending the gas tax. Voter preferences are heavily undecided, and independents want more choice, leaving a volatile final month ahead.

via CBS News|

#california #costofliving #elections

personal-finance2 months ago•4 min saved

How Far $1 Million Really Goes in Retirement by State

A GobankingRates analysis for 2026 finds that, based on average retiree expenses, $1 million won’t last 20 years in any U.S. state. The longest-lasting affordable states are Oklahoma and Mississippi at about 19 years, while expensive states like Hawaii, Massachusetts, and California can deplete the funds in roughly 9–12 years. The study’s estimates exclude investment returns and other income, underscoring how cost of living by state drives retirement longevity and suggesting the Southeast or Great Plains may offer more breathing room.

via USA Today|

#costofliving #milliondollars #personal-finance

lifestyle1 year ago•2 min saved

Top 10 Affordable and Thriving U.S. Cities to Live In

Portland, Maine, tops RentCafe's list of the most livable U.S. cities, balancing quality of life and community engagement despite a higher cost of living. The list, which evaluates socioeconomics, location, and quality of life, includes cities like Lincoln, Nebraska, and Des Moines, Iowa, which offer lower living costs. The rankings highlight the Midwest's affordability, with Portland standing out for its healthcare and educational opportunities. Personal preferences and budget considerations remain crucial in choosing the best city to live in.

via CNBC|

#costofliving #lifestyle #livablecities

finance2 years ago•1 min saved

"Maximizing $1M Retirement Savings: Longevity Across the U.S. States Revealed"

A Go Banking Rates study reveals that $1 million in retirement savings will last approximately 14 years in California, considering an annual cost of living of $72,319.57. The study, which used data from the Bureau of Labor Statistics and the Missouri Economic Research and Information Center, highlights the varying longevity of retirement funds across different states, with some states like Mississippi and Oklahoma stretching a $1 million fund to about 22 years, while in New York and Hawaii, it would last less than 15 years. Financial experts suggest saving at least 15% of annual income for retirement, but emphasize starting with what is feasible.

via KTLA Los Angeles|

##california #costofliving

societylocal-news2 years ago•0 min saved

"New Jersey Tops 2023 List for Highest Out-Migration Rates"

A study by United Van Lines has revealed that New Jersey topped the list as the state with the highest percentage of outbound moves in 2023, marking the sixth year in a row. With 65% of moves being out-of-state, factors such as retirement, lifestyle changes, and the high cost of living are driving the exodus. Illinois, North Dakota, New York, and Michigan also feature in the top five states people are leaving.

via News 12 New Jersey|

##costofliving #migrationtrends

business-and-economy2 years ago•0 min saved

"Cutting Costs on Streaming: Smart Strategies to Save on Rising Subscription Fees"

In the United States, an increasing number of consumers are canceling their streaming service subscriptions due to rising costs and the growing financial burden of the cost of living. Crystal Revis, a mother from Florida, exemplifies this trend by dropping her Disney+ and Paramount+ subscriptions and contemplating whether to cancel Netflix as well, despite its popular content.

via The Wall Street Journal|

##business-and-economy #costofliving

economy2 years ago•1 min saved

"New Year Brings Minimum Wage Hikes in Arizona and Minnesota Amid Fresh Legislation"

Starting January 1st, Arizona's minimum wage has risen from $13.85 to $14.35, with a plan to reach $15 by 2025. La Indita's manager, Josue Rivera, supports the increase despite the challenges it poses to his business, acknowledging the need due to rising living costs. To cope with the wage hike and increased food prices, La Indita has slightly raised its prices. Arizona joins 23 other states in raising the minimum wage in 2024.

via KVOA Tucson News|

##arizona #costofliving