Reported 8 months ago
SmartAsset examined MIT Living Wage data to determine the incomes needed for various family types to support themselves in Texas. The study considered factors such as housing, food, medical care, transportation, and childcare, with costs varying based on factors like economies of scale and local job and housing markets. For example, in Texas, a single adult with no children would need $43,508, while two adults with three children would need $116,350. The study highlighted how costs differ based on family size and working arrangements.
Source: YAHOO