"Calculating the Cost of Comfortable Living in Major U.S. Cities"

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Source: Hawaii News Now
"Calculating the Cost of Comfortable Living in Major U.S. Cities"
Photo: Hawaii News Now
TL;DR Summary

According to a financial firm's analysis, a single adult in Honolulu would need to earn $53.80 an hour, or $111,904 a year, to "live comfortably" using the 50/30/20 budgeting rule, while a family of four would need $299,520. Honolulu ranks as the 15th most expensive city out of 99 analyzed in the U.S., with New York, San Jose, and Irvine being the top three. The average wage in Honolulu is about $30 an hour, and on average, an individual needs $96,500 for sustainable comfort in a major U.S. city.

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