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Study shows what $100K is actually worth in the largest U.S. cities
according to a new study, times have changed and $100,000 simply isn’t quite what it used to be in many cities. Financial technology company SmartAsset compared the after-tax income in 76 of the largest U.S. cities and then adjusted those figures for the cost of living in each place. Shocker: If you live in New York or California, $100,000 may not go very far. The city of Memphis may be known for the blues, but Memphis’ low cost of living surely won’t make you sing them. According to the survey, a $100,000 salary is worth more ($86,444) than in any other city after subtracting taxes and adjusting for the cost of living.And $100,000 also goes a long way in Texas. In one U.S.