How much do you need to earn to live comfortably in Indiana?
WIBC 9AM-Noon Podcast
WIBC
4.6 • 1.2K Ratings
🗓️ 19 March 2025
⏱️ 4 minutes
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| 0:00.0 | Pat Sullivan here to remind you to stop putting screens on your gutters. |
| 0:03.5 | Better to schedule a free estimate with the local experts at gutter helmet. |
| 0:07.2 | So you stay off the ladder. |
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| 0:13.5 | gutter helmetindy.com. |
| 0:14.9 | A company called Smart Asset did a study that was released last year, and it had the number in every single state |
| 0:24.8 | of what you needed to live comfortably. You want to take a guess. Oh, they broke it down. |
| 0:31.6 | Do they have Indiana? They did. They had every, that would be every single state. |
| 0:36.4 | So comfortable is defined as the monthly income needed to cover a 50, 30, 20 budget, |
| 0:42.3 | which allocates 50% of your earnings for necessities, like housing and utility costs, |
| 0:47.2 | 30% for discretionary and 20% for savings or investments. |
| 0:51.4 | Indiana was, you want to take a guess what Indiana was? For comfortably, |
| 0:56.0 | $68,000. You are low. Oh, low. This is an individual, by the way, not a family. No, you're still |
| 1:04.7 | low. 80? Still low. Are you kidding? Nope. 90? Nope. 100. I'm sorry, you were high at 90. |
| 1:11.7 | 85,000 is what it takes to live comfortably. |
| 1:14.8 | That may have gone up a little bit. |
| 1:16.6 | This was last year's study. |
| 1:21.3 | I think it actually may have gone up because there's a new, because like the national median last year. |
| 1:26.8 | Wasn't it a 94,000? |
| 1:28.6 | Well, it was 89, 460, 41 was what it was last year. |
| 1:33.7 | But then I saw a new report. |
| 1:34.5 | I think there may have been an updated study on this that had it at 94,000. |
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