This is how much money single people need to live comfortably in NC’s top cities, says report
North Carolina is one of the fastest growing states in the country, but how much does it take to comfortably in its top cities?
A recent report from GOBankingRates reveals the salaries needed for singles in the 100 major cities across the U.S. to cover basic expenses while still having extra funds for leisure, savings and investing opportunities.
Using the “50/30/20 rule” with rent no more than half of one’s income, the personal finance site’s team calculated the necessary salaries needed by doubling the cost of living in each city.
According to the report, here’s how much single people need to live in Charlotte, Raleigh and other major metros in North Carolina:
Winston-Salem (24)
Salary needed to live comfortably: $78,367
Median household income: $54,416
Average monthly cost of living: $3,265
Greensboro (27)
Salary needed to live comfortably: $79,181
Median household income: $55,051
Average monthly cost of living: $3,299
Charlotte (49)
Salary needed to live comfortably: $100,499
Median household income: $70,333
Average monthly cost of living: $4,187
Durham (51)
Salary needed to live comfortably: $100,570
Median household income: $71,774
Average monthly cost of living: $4,190
Raleigh (63)
Salary needed to live comfortably: $106,529
Median household income: $78,631
Average monthly cost of living: $4,439
To see how other cities across the country compare, you can find the full report of the salary needed for singles in the top 100 metros online at gobankingrates.com.
This story was originally published July 8, 2024 at 7:30 AM with the headline "This is how much money single people need to live comfortably in NC’s top cities, says report."
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