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.