Californians need to make a six-figure salary to be happy, financially secure to live in the state

The study utilized a variety of factors to determine this figure, including each state’s cost-of-living index.Photo byGiorgio TrovatoonUnsplash

According to a recent analysis by GoBankingRates, individuals in California will need a minimum salary of $143,220 in 2024 to achieve a sense of happiness and financial well-being. This figure reflects the high cost of living in the state, which consistently ranks among the most expensive in the nation.

The study utilized a variety of factors to determine this figure, including each state’s cost-of-living index. It referenced a Purdue University study, which identified $105,000 as the ideal income for life satisfaction in North America. The rankings compiled by GoBankingRates considered factors such as unemployment rates and how financial stability contributes to life evaluation and emotional well-being.

With the unique challenges and expenses of living in California, achieving this benchmark salary is seen as essential for residents striving for a happy and fulfilling life.