Answer:
Depends on the state/region. Higher tax states are generally more unlivable despite higher minimum wages. However, most states are quite unlivable even in low-tax states.
Step-by-step explanation:
We can see this when seeing the living standards in LA (California) (high tax/high minimum wage) and Cheyenne (Wyoming) (low tax/low minimum wage). In LA, you are working at a $15 wage and you will never live in a suburban house. You are confined to a small apartment trying to meet monthly ends. In Cheyenne, you are around $5 an hour with slightly better odds, but with largely the same situation.
So does this mean minimum wages should be raised?
Not really. With recessions, the value of workers has gone down, which means workers can be paid less with the same amount of labor demand. Also, although very minimal, wage increases causes a rise in inflation (0.5-1% only). Even though living standards generally improve with wage increases, it can be argued that it is because the purchasing power was restored (to the origin) after inflation decreased it. Wages increase mostly only to offset inflation.