New York state California state Texas city Memphis reports Citi Moodys New York state California state Texas city Memphis

Study shows what $100K is actually worth in the largest U.S. cities

Reading now: 764
www.fox29.com

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. city, renters spend a whopping 68.5% of their income on rent, according to Moody's Analytics.Thanks to no state income tax and the low cost of living, seven out of the 10 cities in the top 10 are located in Texas.

Read more on fox29.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA