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'Comfortable' Living in Florida: $97K a Year

Compared to high-cost states like New York and California, the income level needed in Florida to live "comfortably with a good quality of life" is lower.

MIAMI — A single adult in Florida needs to make nearly $100,000 a year to “live comfortably” in 2025, according to a report from finance website SmartAsset.

The June report used data from the Massachusetts Institute of Technology’s Living Wage Calculator and considered a budget with 50% of income going to necessities, 30% for discretionary spending and 20% for long-term goals such as retirement or debt repayment to evaluate what’s considered “living comfortably.”

SmartAsset defines living comfortably as “being able to afford hobbies, vacations, retirement savings, education funds, and the occasional emergency — in addition to necessities like housing, groceries, transportation and medical expenses.”

Families need to see an income increase each year to maintain the same lifestyle under inflation. The U.S. Bureau of Labor Statistics reports the overall 12-month inflation rate is 2.7% as of June, with steeper increases for some categories, such as food and shelter.

A single adult in Florida needs to make $97,386 a year to live comfortably, SmartAsset reports, while a family of four would need an income of $217,651.

Since SmartAsset calculated the wage needed to “live comfortably,” it’s quite a bit higher than what MIT calculates as the state’s “living wage,” or just enough to cover essentials such as food, housing, medical care, transportation and more. MIT reports the living wage for an individual in Florida is an annual salary $51,528, and $83,334. for couples with one child.

Here’s how the top 25 states compared for the annual income needed for an individual to live comfortably:

1. Hawaii: $124,467

2. Massachusetts: $120,141

3. California: $119,475

4. New York: $114,691

5. Washington: $109,658

6. New Jersey: $108,992

7. Maryland: $108,867

8. Virginia: $106,704

9. Colorado: $105,955

10. Connecticut: $105,165

11. Oregon: $104,666

12. New Hampshire: $103,085

13. Arizona: $101,587

14. Rhode Island: $101,338

15. Alaska: $100,298

16. Vermont: $99,632

17. Georgia: $99,590

18. Utah: $99,466

19. Nevada: $99,216

20. Illinois: $98,010

21. Delaware: $97,469

22. Florida: $97,386

23. Maine: $96,595

24. Idaho: $96,429

25. Pennsylvania: $95,306

©2025 Miami Herald. Distributed by Tribune Content Agency, LLC.