Study Shows Raleigh's Comfortable Living Wage for Singles

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Could inflation be the reason the cost of living is getting so high?

A new study by SmartAsset was just released that revealed the income needed for a single person to live comfortably in the 25 U.S. cities with the highest cost of living.

“Comfortable” refers to the income required for a 50/30/20 budget, where 50% covers necessities like housing, and utilities, 30% goes to discretionary spending, and 20% is allocated for savings or investments.

For Raleigh, you may shocked to find that the needed income for a single individual was $102,752. The list is as follows:

1. New York City: $138,570
2. San Jose, California: $136,739
3. Irvine, California: $126,797
4. Santa Ana, California: $126,797
5. Boston: $124,966
6. San Diego: $122,803
7. Chula Vista, California: $122,803
8. San Francisco: $119,558
9. Seattle: $119,392
10. Oakland, California: $118,768
11. Arlington, Virginia: $117,686
12. Newark, New Jersey: $116,646
13. Jersey, New Jersey: $116,646
14. Long Beach, California: $114,691
15. Anaheim, California: $114,691
16. Honolulu: $111,904
17. Los Angeles: $110,781
18. Aurora, Colorado: $110,115
19. Portland, Oregon: $110,032
20. Riverside, California: $109,408
21. Atlanta: $107,453
22. Sacramento, California: $104,790
23. Raleigh, North Carolina: $102,752
24. Gilbert, Arizona: $102,752
25. Glendale, Arizona: $102,752

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