Cost for family of four to live comfortably in Charlotte: $64K

Cost for family of four to live comfortably in Charlotte: $64K

Cost for family of four to live comfortably in Charlotte: $64K

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by WCNC.com staff

WCNC.com

Posted on July 9, 2013 at 2:15 PM

Updated Tuesday, Jul 9 at 2:17 PM

CHARLOTTE, N.C. -- The cost for a family of four to live comfortably in Charlotte is $64,728.

That’s according to the Economic Policy Institute’s recently updated Family Budget Calculator.

The EPI says their findings show what it takes for a family to live free of serious economic deprivation. The cost given is what it takes to secure a “modest” living standard.

The numbers range from just over $48,000 in Marshall Co., Miss. to more than $93,000 in New York City. Charlotte falls just over the median of $63,238.

The EPI budget calculator allots the following for families of two adults and two children:
 

  • Monthly Housing --   $793
  • Monthly Food --   $754
  • Monthly Child Care  --  $1062
  • Monthly Transportation --   $607
  • Monthly Health Care --   $1427
  • Monthly Other Necessities -- $396
  • Monthly Taxes --   $355
  • Monthly Total --   $5394
  • Annual Total --   $64728



The costs for families of four to live comfortably in cities around the country include:
 

  • NYC: $93,502
  • Washington, D.C.: $88,615
  • Boston, Mass: $85,641
  • Philadelphia, Pa.: $77,293
  • Milwaukee, Wis.: $73,329
  • Seattle, Wash.: $70,025
  • Chicago, Ill.: $69,028
  • Detroit, Mich.: $66,896
  • St. Louis, Mo.: $64,332

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