This is how much money you need to be ‘happy’ in California, study says

It’s lengthy been stated that “cash can’t purchase happiness,“ but the number-crunchers at finance web site GOBankingRates this week stated California residents want to earn more money than virtually each different state within the nation to search out that subjective state-of-mind.

The Golden State requires a minimal wage of $145,635 to be completely satisfied, based on the web site’s listing printed Wednesday displaying “What Is the Minimal Wage You Want To Be Comfortable in Each State.”

For the listing, GOBankingRates cited a 2018 examine by Purdue College printed within the journal Nature Human Behaviour that stated “the best revenue for all times satisfaction in North America is $105,000.”

Taking $105,000 because the baseline, GOBankingRates stated it factored in every state’s cost-of-living index, or the associated fee wanted to cowl fundamental bills like meals, shelter, transportation, and well being care. The listing additionally included unemployment charges for a lot of states for informational functions.

California’s pricey rating implies that it requires $40,000 extra in wage than the nationwide common.

“California’s notoriously excessive price of dwelling is on show right here,” lead GoBankingRates author Gabrielle Olya famous.

Solely Hawaii ($195,300) and Massachusetts ($157,395) required the next wage than California, which was listed in entrance of New York ($142,485) and Alaska ($131,775).

Mississippi required the bottom minimal wage ($88,725) to be completely satisfied, based on the listing.

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