An annual wage of $100,000 could look excessive in lots of elements of america, however much less so in a few of America’s largest cities, after taxes and primary dwelling bills.
New analysis from GOBankingRates finds that some states take a giant chew in taxes, whereas others don’t even apply an revenue tax, making the $100,000 quantity fluctuate extensively, relying on the place the earner lives.
To search out how far a wage of $100,000 goes within the 50 largest U.S. cities, GOBankingRates sourced probably the most populated cities from the U.S. Census American Neighborhood Survey.
Researchers additionally tapped Sperling’s BestPlaces for the grocery, well being care, utilities and transportation indexes, and calculated the nationwide common expenditure prices for every class for all people, utilizing the Bureau of Labor Statistics Shopper Expenditure Survey. They sourced common rental price from the Zillow Noticed Rental Index and added this determine to the annual bills to search out the full price of bills.
Then, utilizing in-house calculations for every metropolis, researchers calculated take-home pay after taxes, and by eradicating the annual whole price for bills discovered the web the rest from a wage of $100,000 as of Jan. 8.
See the accompanying gallery for the 12 most costly cities within the nation, primarily based on how a lot is left over for these incomes an annual wage of $100,000.