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How much does happiness cost?

first_imgIt turns out money can buy happiness.According to a Purdue University and University of Virginia study, earning $95,000 per year is the sweet spot for feeling satisfied with your life. A sense of emotional well-being is found between $60,000 and $70,000. Researchers added that incomes for families skew a bit higher.Interestingly, more money leads to more problems. Researchers said once your needs are comfortably met, anything more fosters a “keeping up with the Joneses” mentality and the tendency to make social comparisons, which lower well-being.No need to feel defeated if you aren’t hitting that optimum income just yet. Researchers said money is only a part of what really makes us happy. Maybe you just need a change of location.Money Magazinehas released its annual 2018 Best Places to Live in America list. They ranked everything from home prices and job opportunities, to overall quality of life.Here are the top 10.Frisco, TXPopulation: 179,067Median family income: $129,118Median home price: $349,000Ashburn, VAPopulation: 53,190Median family income: $134,057Median home price: $456,000Carmel, INPopulation: 94,854Median family income: $130,044Median home price: $322,630Ellicott City, MDPopulation: 73,236Median family income: $136,339Median home price: $390,000Cary, NCPopulation: 162,025Median family income: $113,831Median home price: $360,000Franklin, TNPopulation: 78,376Median family income: $109,231Median home price: $477,145Dublin, CAPopulation: 67,839Median family income: $141,471Median home price: $794,000Highlands Ranch, COPopulation: 106,802Median family income: $126,404Median home price: $480,000Sammamish, WAPopulation: 52,304Median family income: $165,064Median home price: $932,250Woodbury, MNPopulation: 70,072Median family income: $120,976Median home price: $275,000 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Myriam DiGiovanni After writing for Credit Union Times and The Financial Brand, Myriam DiGiovanni covers financial literacy for FinancialFeed. She is also a storytelling expert and works with credit unions to help … Web: www.financialfeed.com Detailslast_img

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