GoBankingRates conducted a comparison of the cost-of-living in the most populated US cities. They surveyed dollar amounts of major living expenses including rent, groceries, utilities, transportation, and healthcare.
The total amount for these necessary expenses was then doubled to find how much money a single person needs to earn, in that city, in order to follow a 50-30-20 budget: 50% for necessities, 30% for discretionary funds, and 20% for savings.
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