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How much money do you need to live comfortably in the US per month?

Again, living expenses vary significantly by location, but we can use some average numbers. The average monthly living expenses for a single person in the USA are $3,189, which is $38,266 per year. The average cost for a family of four is $7,095 per month, which is $85,139 per year.

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Even if your home country and America have a lot of similarities, one thing is sure to be very different; the cost of living. And the average monthly cost of living in the USA varies too. The average cost of living for a family of 4 in America differs from the US average cost of living for a single person. The cost varies by location too. The cost of living in the USA for an Indian family in New York City will be different than that of an Indian family living in Indianapolis, Indiana. We’ll take a look at the US cost of living index, the average cost of living in the US per year, and some common monthly expenses in the USA.

US cost of living index

A cost of living (COL) index lets you compare living costs between areas. If a place has a COL index below 100, it’s cheaper than the national average. If it’s over 100, it’s more expensive than the national average. You can use this information to see how far your salary will go in various places.

Let’s look at our example above of New York City between Indianapolis:

NYC: 168.6

Indianapolis: 84.9

This means a salary in NYC of $50,000 would be equivalent to a salary of $20,999 in Indianapolis. The linked calculator below lets you play with salary numbers and locations. These COLs are overall and exclude certain expenses, but you can see COLs for things like food, housing, and utilities too.

Average living expenses for a single person

Again, living expenses vary significantly by location, but we can use some average numbers. The average monthly living expenses for a single person in the USA are $3,189, which is $38,266 per year. The average cost for a family of four is $7,095 per month, which is $85,139 per year.

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What is the point of living a life?

For some people, purpose is connected to vocation—meaningful, satisfying work. For others, their purpose lies in their responsibilities to their family or friends. Others seek meaning through spirituality or religious beliefs. Some people may find their purpose clearly expressed in all these aspects of life.

Your life purpose consists of the central motivating aims of your life—the reasons you get up in the morning. Purpose can guide life decisions, influence behavior, shape goals, offer a sense of direction, and create meaning. For some people, purpose is connected to vocation—meaningful, satisfying work. For others, their purpose lies in their responsibilities to their family or friends. Others seek meaning through spirituality or religious beliefs. Some people may find their purpose clearly expressed in all these aspects of life. Purpose will be unique for everyone; what you identify as your path may be different from others. What’s more, your purpose can actually shift and change throughout life in response to the evolving priorities and fluctuations of your own experiences. Questions that may come up when you reflect upon your life purpose are:

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