City and State

Washington D.C.

Boston, Massachusetts

Denver,

Colorado

Omaha, Nebraska

Portland, Oregon

Family of four estimated monthly living costs, USD

3392.00

3113.00

3115.00

2309.00

2989.00

Monthly living costs per person (k), USD

848.00

778.00

779.00

577.00

747.00

Capitalization years of living costs (t)

17

17

17

17

17

Minimum Wage by State (per hour), USDa

16.15

13.73

13.83

9.69

14.26

Value of the constant (p)

0.0865

0.0831

0.0834

0.0809

0.0866

The average value of the constant p from 5 states

0.0841