To be happy living in California, the most populous U.S. state, residents need to make a minimum annual salary of $145,635, according to a new report.
In research shared in March, GOBankingRates.com estimated how much money a person might need in every state to be happy or have “emotional well-being.”
“Globally, we find that satiation occurs at $95,000 for life evaluation and $60,000 to $75,000 for emotional well-being,” the university study’s authors said.
GOBankingRates.com noted that researchers found the ideal income for life satisfaction in North America is $105,000, as reported by Inc.
To estimate how much money one might need, GOBankingRates factored in each state’s cost-of-living index and used the $105,000 figure as the “benchmark.”
The states were ranked from least to most amount of money needed to be happy, with unemployment rates also factored in. Read more…