If you're thinking about starting a family, you might want to read this first.
If a family of four (two parents, two children) wants a "secure yet modest" life in Columbus, they'll need an annual income of approximately $57,221. The number comes from the Economic Policy Institute’s Family Budget Calculator for 2013.
That estimate is for a family in Columbus’ metropolitan statistical area. It considers factors like housing, food, child care and more.
Two parents with one child in Columbus will need an annual income of approximately $51,522, according to the same calculator.
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The Macon, Ga., MSA -- which we often compare to Columbus -- yields similar numbers, the calculator suggests.
A Macon family with two parents/two children needs an annual income of approximately $56,013. A Macon family with two parents/one child needs about $50,389.
What do you think of Columbus' numbers? Does the calculator seem accurate?
For the sake of comparison, here are the annual incomes it recommends for families with two parents/two children in other cities' metropolitan statistical areas.
Napa, Calif. -- $72,619
Montgomery, Ala. -- $60,761
Billings, Mont. -- $63,436
Lakeland, Fla. -- $59,969
Fort Wayne, Ind. -- $62,375
Syracuse, N.Y. -- $76,924