A family of four needs nearly $330,000 annually to live comfortably in Massachusetts, the highest in the U.S. Hawaii and California also require over $300,000 per year. Mississippi is the most affordable state, needing only about $188,000 annually. These figures are based on a 50/30/20 budget for necessities, discretionary spending, and savings. The data from SmartAsset reflects pre-tax income needed for a comfortable lifestyle, not just survival. Connecticut, New Jersey, and New York also have high income requirements, exceeding $290,000. Colorado and Vermont surprisingly rank in the top ten most expensive states for families. Only six states fall below the $200,000 threshold for a comfortable income. The income gap between Massachusetts and Mississippi is substantial, over $142,000 per year. The cost of living varies significantly, with Northeast and West Coast states generally being the most expensive.