It costs about $75,000 to support a family of four for a year in California on a basic budget — without money for savings, vacations or emergencies, according to the latest study of living costs from the California Budget Project.
In its annual report, called “Making Ends Meet,” the project builds basic family budgets from the bottom up, accounting for housing, food, utilities, child care, health care, taxes, transportation and other expenses.
The report also estimates living costs for single-parent families and compares the costs across counties to account for differences in the cost of living.
See the full report here.
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