How much money is needed per month to live in America?!
How much money is needed per month to live in America?!
For many people in India, America is the biggest dream.
I want to finish my studies and go to America.
In general, the united states is one of the most expensive countries in the world.
However, it is also a country that people love the most.
Ever wondered?
How much money do you need to live in America?
Who are comfortable?
According to a CNBC report, a recent study found that Americans are considered financially comfortable if they have $774,000.
However, the above amount will vary depending on the city where you live in the US.
New York & San Francisco
According to financial services firm Charles Schaap's annual Modern Wealth report, in high-cost cities like san francisco or New York, you'll need a net worth of more than $1 million to live comfortably.
San Francisco
In san francisco, survey respondents were estimated to have a net worth of $1.7 million to be financially comfortable.
A survey of America's 12 largest metro cities ranked san francisco as one of the costliest cities.
Other leading cities
Let's see how much money America will need in 2022 to be financially comfortable.
San Francisco - $1.7 million New York City - $1.4 million Southern california (Los Angeles and San Diego) - $1.3 million Seattle - $1.2 million Washington - $1.1 million
Is it enough to be under a million dollars?
Chicago - $9,56,000 Houston - $9,19,000 Boston - $8,92,000 dallas - $8,40,000 Atlanta - $7,71,000 Phoenix - $7,47,000 Denver - $6,71,000
To whom study
This survey was conducted last february 2022. It was administered to 500 - 750 local people.
It was conducted in every metro city in the United States.
It was conducted on people aged 21 to 75 years.
A different thing
Whether one is financially comfortable varies from person to person.
It varies depending on owning a home, savings, and expenses.
However, the above rates are only a rough estimate.