Here’s how much money single adults need to make to live comfortably in Arizona
PHOENIX - Inflation is still hitting Americans hard and many are feeling frustrated with the rising price of goods. It can be even harder for single-income households.
A new study by SmartAsset revealed just how much a single person needs to make to live comfortably in different Arizona cities.
The study analyzed the salary a single adult needs to afford a cozy lifestyle within some of the largest U.S. cities based on the 50/30/20 budget rule – allocating 50% of your salary to your needs, 30% to your wants and 20% to savings or paying off debts.
Here's the minimum annual income required to be middle class in Arizona
So what is the minimum annual income required in 2023 for a family of four to be middle class in Arizona? Consumer Affairs found that number by using a calculator provided by the Pew Research Center and an inflation calculator provided by the U.S. Bureau of Labor Statistics.
Here's what the study revealed for single residents in Arizona living in the following cities:
Gilbert, Glendale
- Hourly wage needed: $49.40
- Salary needed: $102,752
- Total salary needed for two working adults with two children: $239,366
Phoenix, Mesa, Chandler, Scottsdale
- Hourly wage needed: $49.38
- Salary needed: $102,710
- Total salary needed for two working adults with two children: $238,451
Tucson
- Hourly wage needed: $40.24
- Salary needed: $83,699
- Total salary needed for two working adults with two children: $215,072
FOX 5 DC contributed to this report.