Living independently costs over $114,000 per year. The largest expenses are rent or mortgage at $32,232, transportation including a car payment, insurance, and gas totaling $23,214, and groceries at $3,960. Additional significant costs include utilities, entertainment, health insurance, and clothing. To cover all these costs while saving for other expenses, the yearly income needed is over $159,000.
Living independently costs over $114,000 per year. The largest expenses are rent or mortgage at $32,232, transportation including a car payment, insurance, and gas totaling $23,214, and groceries at $3,960. Additional significant costs include utilities, entertainment, health insurance, and clothing. To cover all these costs while saving for other expenses, the yearly income needed is over $159,000.
Living independently costs over $114,000 per year. The largest expenses are rent or mortgage at $32,232, transportation including a car payment, insurance, and gas totaling $23,214, and groceries at $3,960. Additional significant costs include utilities, entertainment, health insurance, and clothing. To cover all these costs while saving for other expenses, the yearly income needed is over $159,000.