States where the average salary isn't enough to get by



Can you afford to get by on the average salary in your state? According to the 50-30-20 budgeting rule, 50 percent of your income should be dedicated to necessities such as rent and groceries, 30 percent should be dedicated toward discretionary spending and “splurges” and 20 percent should be put toward savings. But depending on where you live and how much you make, living by this expert-approved budgeting strategy might not actually be realistic.
GOBankingRates determined the states where the average salary isn’t enough to get by — comparing the annual expenditures using the 50-30-20 rule based on the cost of living by state to the state’s median household income — and in all but eight states, you wouldn’t earn enough to stick to this budget.

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