How much income Americans need to retire comfortably in every state
Hawaii tops the list at $64,504 while West Virginia requires the least at $40,627, according to MoneyLion
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Households around the country are facing financial stress amid persistent inflation, and retirees facing rising expenses need to ensure their income streams can cover costs.
Americans derive their retirement income from a variety of sources, which can include personal retirement savings, such as through a 401(k) plan or IRA, as well as annuities, pension plans and Social Security benefits.
The average annual Social Security benefit amounts to $24,852, based on the monthly average of $2,071 reported by the Social Security Administration in January 2026.
A new analysis by MoneyLion that utilized data from the MIT Living Wage Calculator estimated the annual income required to retire comfortably in each state, which ranges from a high of $64,504 in Hawaii to a low of $40,627 in West Virginia.
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A new analysis by MoneyLion using the MIT Living Wage Calculator examined the income needed to retire comfortably in each state. (Getty Images)
Here's a look at the state-by-state breakdown of the annual income a single adult without children would need to retire comfortably, according to MoneyLion's analysis of the MIT Living Wage Calculator.
Income requirements by state
- Alabama: $43,814
- Alaska: $51,965
- Arizona: $50,900
- Arkansas: $41,615
- California: $63,402
- Colorado: $54,071
- Connecticut: $54,178
- Delaware: $49,484
- Florida: $50,117
- Georgia: $50,351
- Hawaii: $64,504
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Hawaii and California had the highest income needed for retirement, while West Virginia was the lowest. (iStock)
- Idaho: $49,091
- Illinois: $50,796
- Indiana: $45,326
- Iowa: $44,273
- Kansas: $44,994
- Kentucky: $42,040
- Louisiana: $42,378
- Maine: $51,465
- Maryland: $53,949
- Massachusetts: $63,610
- Michigan: $45,914
- Minnesota: $48,475
- Mississippi: $43,025
- Missouri: $44,244
- Montana: $50,409
- Nebraska: $45,241
- Nevada: $50,259
- New Hampshire: $53,604
- New Jersey: $56,884
- New Mexico: $45,607
- New York: $62,167
- North Carolina: $46,745
- North Dakota: $42,874
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- Ohio: $43,674
- Oklahoma: $43,119
- Oregon: $55,047
- Pennsylvania: $48,515
- Rhode Island: $52,024
- South Carolina: $46,469
- South Dakota: $42,706
- Tennessee: $44,959
- Texas: $45,290
- Utah: $51,407
- Vermont: $51,831
- Virginia: $53,505
- Washington: $55,316
- West Virginia: $40,627
- Wisconsin: $45,504
- Wyoming: $44,614
Social Security is one of the income streams that American retirees rely on. (iStock)