Survey: To be happy in Philadelphia, you need an annual salary of $116,340
PHILADELPHIA - Whoever said money can’t buy happiness is wrong according to a recent study.
A survey from Purdue University and GoBankingRates.com found that you need an annual salary of $116,340 to be happy in Philadelphia.
For those living in the City of Brotherly Love, a salary between $66,480 and $83,100 is needed for their emotional well-being.
The study argued that the optimal amount of money it takes to be happy varies worldwide.
“That might be surprising as what we see on TV and what advertisers tell us we need would indicate that there is no ceiling when it comes to how much money is needed for happiness, but we now see there are some thresholds,” said Andrew T. Jebb, a doctoral student and the lead author of the Purdue University study, in a press release.
The research specifically sought to pinpoint the amount where money no longer changed a person’s level of emotional well-being.
Emotional well-being was measured according to a person’s day-to-day emotions, including happy, excited, sad and angry.
Nationally, the study says that the ideal salary needed to be happy is roughly $105,000, they say that’s generally enough to make people feel comfortable and happy enough to explore bigger goals.
The Purdue researchers determined that, globally, individuals would need an income of $60,000-$75,000 for emotional well-being.