November 07, 2019
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See how much you need to live comfortably in Maine with this calculator

Money by Pictures of Money (CC by 2.0) | BDN
Money by Pictures of Money (CC by 2.0) | BDN

A single person needs to make about $2,500 a month to live comfortably in the Bangor area.

If he or she has a kid, that figure jumps up to $4,240.

That’s according to this interactive built by the Washington Post, based on data from the Economic Policy Institute.

The EPI updates this tool every year showing what you need to earn to do better than just get by. Or as the organization puts it, it shows what you need to have “a secure yet modest living standard.”

It counts rent, transportation, health care, child care, taxes in the total budget needed.

That figure also includes “other necessities,” like school supplies, entertainment and furniture. Transportation is based on the premise that you own a car. And food costs are set by the “low-cost plan” devised by the U.S. Department of Agriculture in a 2014 report.

Honolulu was the most expensive city for a single person, costing nearly $3,000 a month. Stamford, Connecticut, came in a close second — just about $20 cheaper per month than the capital of Hawaii.

As The Post points out, your budget and needs likely differ from this standardized assessment. Read the EPI’s explainer for details on how it crunched the numbers.

Featured homepage image Money by Pictures of Money (CC by 2.0)



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