The minimum amount of income you need in South Florida to potentially enjoy life to the max:

posted by Brian Mudd - 

The minimum amount of income you need in South Florida to potentially enjoy life to the max:

Bottom Line: A couple of years ago a study led by Gallup on money and happiness found the following: 

  • Money didn't buy happiness but...
  • having enough money to be able to comfortably met your day to day obligations is important
  • $75,000 was the magic number at which money was no longer predictive of one's happiness

At the time the magic number for happy Floridians was right around $74,000. Gallup has updated their research for 2017 & the good news is that the magic number is only slightly higher for us today. Florida is listed as "around $75,000".  That compares to states like New York and California where at least $105,000 per year is needed to achieve peak earnings to maximize happiness and Michigan where it's all the way up to $120,000! 

I could go all philosophical and suggest that you'll never find happiness without God, which I do believe, but it's clear that cost of living along with environmental considerations are certainly factors as well. As an aside, middle America from Texas through the Dakotas requires only about $54,000 per year to achieve the minimum financial balance for peak happiness potential. 

Brian Mudd

Brian Mudd

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