Particle.news

Download on the App Store

Cost of Living Determines Real Value of $100K Salary Across U.S. Cities

Image
Image
Image

Overview

  • A $100,000 salary goes further in southern U.S. cities with lower costs of living and no state income tax.
  • Major cities like New York, San Francisco and Honolulu require at least $300,000 to match the spending power of $100,000 due to high costs of living.
  • Residents of expensive cities are fleeing to more affordable areas, reducing the tax base.
  • In Honolulu and New York City, a $100,000 salary provides only $35,791 and $36,025 in spending power after accounting for living costs and taxes.
  • Memphis and Texas cities offer the most value for a $100,000 income because living expenses and taxes are lower.