Have you ever found out that you have "too much month left at the end of the money"? You're not alone. A new study from the Economic Policy Institute has looked at how much money Americans need to maintain a modest standard of living.

The federal poverty cutoff for a family of four stands at $23,850 as of last year; but a family of four in the country's least expensive metro area -- Morristown, Tennessee -- needs a gross income of $49,114 just to cover rent, taxes, food, transportation, child care and other basics.

For families of four living in the 10 largest family budget areas, the U.S. median household income of $53,046 would fall short in every location.

The most expensive city is New York, where a family of four needs $98,722 to cover basic needs. The median household income in the Big Apple stands at only $58,003. (CBS Moneywatch)

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