A $300,000 Salary Feels Like $100,000 in The
Priciest US Cities
In the country’s most expensive cities, the high cost of living and taxes mean you need to make much
https://www.bloomberg.com/news/articles/2023-04-15/making-300-000-a-year-feels-more-like-100-000-salary-in-these-three-cities
It’s tax season in the US, and nowhere is that felt more acutely than in three cities — New York, San Francisco and Honolulu — where you need a salary of over $300,000 to bring home $100,000 after taxes and adjustments for the cost of living.
That’s according to an analysis by SmartAsset, a consumer-focused financial information provider. The firm adjusted $100,000 for the local cost of living in 76 of the largest US cities and then used its paycheck calculator to account for federal, state and local taxes for a single taxpayer with an annual salary and no additional withholdings.
In the country’s most expensive cities, the high cost of living and taxes mean you need to make much
https://www.bloomberg.com/news/articles/2023-04-15/making-300-000-a-year-feels-more-like-100-000-salary-in-these-three-cities
It’s tax season in the US, and nowhere is that felt more acutely than in three cities — New York, San Francisco and Honolulu — where you need a salary of over $300,000 to bring home $100,000 after taxes and adjustments for the cost of living.
That’s according to an analysis by SmartAsset, a consumer-focused financial information provider. The firm adjusted $100,000 for the local cost of living in 76 of the largest US cities and then used its paycheck calculator to account for federal, state and local taxes for a single taxpayer with an annual salary and no additional withholdings.
In New York City, a $100,000 Salary Feels Like $36,000
https://www.bloomberg.com/news/articles/2023-03-15/new-york-city-prices-make-100-000-salary-feel-like-35-000
After taxes and adjusting for the sky-high cost of living, a six-figure paycheck doesn’t take you as far as you might expect.