Report: Pennsylvania families need $248,000 to live comfortably
Pennsylvania families need nearly $248,000 in annual income to live comfortably, according to a new report from SmartAsset. Using data from the MIT Living Wage Calculator, the organization compiled basic cost-of-living estimates for a single person and a family with two adults and two children. “Comfortable living” is defined by the 50/30/20 budget principle, which allocates half of a worker’s taxable income to “needs,” 30% to “wants,” and 20% to savings. A single adult needs $97,011 in 2025, while a family with two parents and two children needs $247,936. This figure ...
