> How much money does the average American need?

How much money does the average American need?

Posted at: 2015-07-28 
Hello all. I'm extremely anxious about growing into the adult life- moving out, paying all my bills, etc. So, I was wondering what the average American needs for monthly income to be able to live comfortably in an average, 1 bedroom apartment with their spouse. This includes how much general utilities cost monthly, car insurance, groceries, cell phone/cable/internet bills, miscellaneous crap, and anything else like gas or savings. I'm mainly looking for some personal or general examples. Thank you!

All those things vvary so much even if you shop around for the best deals - based on an average wage I`d estimate a minimum of $1500 a months just to do the bills alone.

Apartment costs vary by location. I would say you can get a decent apartment for 600$ or less (again, highly dependent upon area). Gas depends on your car. I had a stick shift that I only drove to work, it was about 80$ a month. My food bills because I'm vegan are cheap, again about 80$ a month. Then there's money you should put away, money for retirement, money for fun, travel, unforseen expenses...

It really matters how well you organize things.

totally depends on the area. I'm in San Jose, my apt is about $1700, utilities around $150, car ins is $106, cell phone $35 (I have a flip phone), internet/tv is about $80, gas is about $40 a week, food is about $150 a week for 2 of us. That amounts to about $2841 for the month.

All depends on your spending habits, mine are ridiculously low (don't even have a smartphone - shock, no car payment) and despite a modest paying job, end up investing/saving/paying down debt with about 40% of my take home.

Depends on where they live

I need much less in Waco, Texas then my friend does in Chicago to live the same lifestyle

family of two, both early 30s, i am the only provider,

take home is around $4.1k, that's ~ $65-70k annual gross

I could only manage to save about $25-30k cash a year

do i make enough? technically, yes

do i think it is enough? never

Anything less then $40,000 a year, you would start

to feel the pain of a low income

50k