WEST LAFAYETTE, Ind. -- Money doesn't always equal happiness, but researchers from Purdue University and the University of Virginia think they've found the ideal salary to find the perfect balance between work and life.

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That magic number is $95,000, researchers said.

If you can't make that much, the study suggests earning $60,000-$75,000 lends to emotional well-being.

For comparison, the average household income in the U.S. is about $65,000.