Is 5000 dollars a month good in USA?

In places like California, $5000 a month might be considered poverty level. But you can live very comfortably on that income in most of America. Yes, and pretty comfortably if you aren’t a total idiot with your money, live somewhere where the cost of living is way too high, or like to engage in conspicuous consumption.

Can you live off 4000 a month in retirement?

Retiring on $4,000 a month will give the average American plenty of options for a fulfilling retirement—and leave some room to splurge on the grandkids and travel.

Is 2000 dollars a month good in USA?

As the other answers have said, there is huge variation in cost of living across America. In many places you could live modestly but decently, in some places you would be well down into poverty. $2,000/mo is $24,000/yr. The “poverty line” is $12,760 for a single adult.

Can a family live on$ 3000 per month?

If you know that this will be what you shall live on, a family could actually live on this amount. You can actually enjoy a high quality life on $3000. per month in the US. There are many places where the cost of living is extremely low, espcially when you are over 55 and can live inside of a retirement community.

How much does it cost to live in Toronto Canada?

Yes a Canadian Couple can even live on 2 Thousand a month. 1 bedroom Apartment in Ontario 900 -1100. The new Regent Park low income housing units rent just over $900.00 a month for a 1 bedroom, Total $2000,00 Dollars that’s if the rent is $1,100.00 a month. In Toronto you can get 1 Bedroom apartments at $900.00’s a month.

How much does it cost to live in Florida?

Even on the water in Florida, there are bargains. Some places where the cost of living is low you can survive. Some places rent can be as low as 500 a month so you can live there.

What should my monthly income be to live comfortably?

Living in big coastal cities like Boston, NY, Los Angeles or San Francisco will be a struggle. Living in the South or Midwest will be considerably easier: you should do just fine on $3000 after taxes. What do you consider comfortable? Even outside of NY or Los Angeles, it is likely to cost at least $1500/month to pay for your own residence and car.