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Understanding standard costs of living in your area will help you shape your budget and plan ahead.
If you live in the Southern U.S., heres what youneed to earn to live comfortably.
When inflation spiked sharply after the outbreak of COVID-19,average wages didnt climb at the same rate.
Rising food, gas and housing costs have squeezed many American budgets.
While this is true throughout the U.S., average costs vary state by state.
However, that doesnt necessarily make Southern states affordable havens.
It all comes down to how much you earn in comparison to your states costs.
Millennials for this study are defined as being born between 1981 and 1997.
The expenditure cost and mortgage costs can be used to calculate the average total cost of living.
All data was collected on and is up to date as of Jul.
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