How much money do you need in the bank to be happy?

I'm pretty sure we've all heard the phrase "money can't buy happiness." The idea is that having a ton of money won't necessarily make you a happier person. Now, I believe that money can buy things that can definitely make you happy like vacations, fast cars, and coffee. I also think having some extra dough in the bank would definitely alleviate some stress in my life.

So how much money would make you happy?

Recently, GOBankingRates created a list of salaries needed in each state for optimal happiness. The data is based on a study by Purdue University that found Americans overall need an income of $105,000 to experience life satisfaction. GoBankingRates adjusted this number for each state based on the cost of living.

Based on this, Colorado residents need an income of $110,040 to be happy.

This puts us on the higher end of the nation, in fact, we are number 18 on the list. Hawaii was the highest at $201,390. On the other end was Mississippi at $89,040. We are right on par with the majority of the nation who would certainly like to be pulling in six figures.

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