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Feb 20 - $100K goes the furthest in these US cities, study finds



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 2 months ago '24        #1
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Sh33d  topics gone triple plat - Number 1 spot x2
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Feb 20 - $100K goes the furthest in these US cities, study finds
 

 
Years ago, a $100,000 salary may have been a lot of money. But today, amid inflation and the costs of housing, food, and more reaching highs we haven’t seen before, $100,000 may not feel as hefty as it once did.

How far $100,000 goes in 2024 will depend on where you live, a new study finds.

Personal finance website SmartAsset reviewed how federal, state, and local taxes impact a $100,000 salary in 72 of the U.S.’s largest cities, and took into account the local cost of living in those cities to find what that salary would be worth across the country.

Overall, the study found on average, a $100,000 salary is worth about $70,700 across the nation’s biggest cities. It has the greatest purchasing power in cities throughout the South and into the Midwest. Alternatively, $100,000 had the lowest purchasing power in cities in the West and Northeast.

An annual salary of $100,000 is worth the most in El Paso, Texas, SmartAsset determined. With no state or local income tax, and a lower cost of living, the six-figure income has the purchasing power of $88,840.

Oklahoma City wasn’t far behind — the study found $100,000 has the purchasing power of almost $87,600 in Oklahoma’s capitol. Texas, however, had the most cities in the top 10 when ranked based on where $100,000 goes the furthest.

Here are those 10 cities, as well as the purchasing power, courtesy of SmartAsset:

El Paso, Texas: $88,840
Oklahoma City, Oklahoma: $87,585
Memphis, Tennessee: $86,960
Corpus Christi, Texas: $86,383
San Antonio, Texas: $85,625
Lubbock, Texas: $85,065
Tulsa, Oklahoma: $84,507
Jacksonville, Florida: $83,878
Houston, Texas: $82,986
St. Louis, Missouri: $82,614
As we mentioned, you’ll find less wiggle room with a $100,000 salary in cities in the West and Northeast.

SmartAsset found that $100,000 has the lowest purchasing power — just $30,914 — in New York City. That’s far lower than the second-lowest city, Honolulu, where $100,000 is worth roughly $39,000.

Cities in California and New York were the most prevalent on the lower end of SmartAsset’s report (SmartAsset does rank Brooklyn and Queens as their own cities, despite being boroughs of New York City).

New York City, New York: $30,914
Honolulu, Hawaii: $39,148
San Francisco, California: $40,997
Brooklyn, New York: $43,376
Los Angeles, California: $47,762
Washington, District of Columbia: $48,734
Queens, New York: $49,978
San Diego, California: $50,082
Boston, Massachusetts: $50,109
Oakland, California: $51,237
This SmartAsset study, which can be viewed in full here, is in line with other recent studies that show just how impactful inflation has been.

A recent analysis by a group of Congressional Republicans shows the impact of inflation on the average household in every state. (While the joint committee is chaired by a Democrat, the report and data was put out by the committees’ Republican members.) The report uses January 2021 as a benchmark “because it was the last time inflation was within recent historical norms.”

The report claims most American households would need to need to spend an additional $10,000 or more just to afford the same goods and quality of life they had less than three years ago.

It also doesn’t seem to be getting any better.

Wholesale prices in the United States picked up in January, the latest sign that some inflation pressures in the economy remain elevated.

The Labor Department reported Friday that its producer price index — which tracks inflation before it reaches consumers — rose 0.3% from December to January after having fallen -0.1% from November to December. Measured year over year, producer prices rose by a mild 0.9% in January.
 https://thehill.com/homen .. s-study-finds/
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66 comments

 2 months ago '18        #2
set117  topics gone triple plat - Number 1 spot x2
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People can't even see how bad it is that $1 usd doesn't equal $1 usd in the United States. The dollar is in danger.
+57   

 2 months ago '21        #3
loveeveryday  topics gone triple plat - Number 1 spot x17
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No way you mean you can live in cheap areas for cheap and you need to make more money to live in expensive areas???

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+70   

 2 months ago '19        #4
Bxswaggerjacker 
Props total: 11417 11 K  Slaps total: 2039 2 K
Man 100k in the Bay Area is the new 40k
100k ur living pay check to pay check
200k ur doing ok lol
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 2 months ago '15        #5
Boxdennewestgoo 
Props total: 10912 10 K  Slaps total: 1369 1 K
Insane how bad inflation has spanked us. sh1t is ridiculous. Food is expensive af now and gas.
+23   

 2 months ago '09        #6
Puppet Master  topics gone triple plat - Number 1 spot x22
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 set117 said 🔗
People can't even see how bad it is that $1 usd doesn't equal $1 usd in the United States. The dollar is in danger.
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It equals exactly what it is. And no, it's not in danger
-6   

 2 months ago '05        #7
l.steve  topics gone triple plat - Number 1 spot x1
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 Bxswaggerjacker said 🔗
Man 100k in the Bay Area is the new 40k
100k ur living pay check to pay check
200k ur doing ok lol
I move to the bay from the south,which i don't recommend. They take %30-40% out every check, hours says 1800 but only bring home 1200, if that.
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 2 months ago '14        #8
brotheramir 
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FOH!

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 2 months ago '22        #9
Murderers  topics gone triple plat - Number 1 spot x50
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Idc where I'm at... 100k is 100k.




Edit: Why is Houston so cheap compared to Dallas? I guess Dallas really is the big dog in Texas.
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 2 months ago '17        #10
lil boosie vert 
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 set117 said 🔗
People can't even see how bad it is that $1 usd doesn't equal $1 usd in the United States. The dollar is in danger.
emoji

 2 months ago '17        #11
StandUpFella09 
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 Puppet Master said 🔗
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It equals exactly what it is. And no, it's not in danger
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His sh1t sounded so smart but made no sense

 2 months ago '22        #12
BreakkerSzn  topics gone triple plat - Number 1 spot x109
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🔗

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 2 months ago '15        #13
Hellmatic 
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Memphis and Jacksonville. Go over there and come back in a bodybag or blun
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+7   

 2 months ago '14        #14
Cuttysark 
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I'm getting close to moving to Texas
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+17   

 2 months ago '22        #15
Dick2Gutta  topics gone triple plat - Number 1 spot x11
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Texas and Tennessee have no state tax... Id move to Memphis or San Antonio... Depends on the property tax.

It's dangerous for a proud upstanding black man with knowledge and love for self everywhere in this country.. whether around racist, self hating black folks and genocidal black folks so imma do and go where I please while being strapped and making sure THE MOST HIGH knows ik only trying to gst peace and tranquility


Last edited by Dick2Gutta; 02-20-2024 at 10:08 PM..
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 2 months ago '23        #16
blkmanisgod  topics gone triple plat - Number 1 spot x4
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 set117 said 🔗
People can't even see how bad it is that $1 usd doesn't equal $1 usd in the United States. The dollar is in danger.
Brics gonna weaken the usd in due time.
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 2 months ago '17        #17
sweetermanz 
Props total: 9512 9 K  Slaps total: 1245 1 K
If you’re locked in, you can make things work in any state/city. It’s America, there’s money in abundance everywhere.

South is cheaper but I don’t like the lifestyle. Strictly for visiting. If you’re in an expensive city and haven’t developed a hustle where your phone is bumpin (not a just a job OR career) then you won’t make it too far or you’ll be on 60 hour week grind mode for the rest of your life.
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 2 months ago '04        #18
prexero  topics gone triple plat - Number 1 spot x4
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 set117 said 🔗
People can't even see how bad it is that $1 usd doesn't equal $1 usd in the United States. The dollar is in danger.
Same sh1t all over the world.

 2 months ago '06        #19
illathruz  topics gone triple plat - Number 1 spot x5
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 Cuttysark said 🔗
I'm getting close to moving to Texas
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Careful, the value of the negro life has depreciated quicker in the south than in the north
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 2 months ago '07        #20
*-InfiniMatic-* 
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 Murderers said 🔗
Idc where I'm at... 100k is 100k.




Edit: Why is Houston so cheap compared to Dallas? I guess Dallas really is the big dog in Texas.
Sometimes, it’s not best to just say whatever comes to your mind.
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 2 months ago '22        #21
Amungod  topics gone triple plat - Number 1 spot x1
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If you purchase before 2023 a 220- 300k house is maybe only 1400- 1800 a month .

If you making 100k , have that and maybe a small car note you winning .

If you are trying to purchase now , that same house is now 3k which is basically a paycheck if you’re making 100k .

Now you’re trying to fit your expenses on one pay check , car note light bills gas insurance bi#ches, clothes . Now your pay check to pay check . Now you’re relying on credit cards for wiggle room . Now your fu#ked
+11   

 2 months ago '05        #22
carden2 
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 loveeveryday said 🔗
No way you mean you can live in cheap areas for cheap and you need to make more money to live in expensive areas???

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Lol
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 2 months ago '22        #23
Murderers  topics gone triple plat - Number 1 spot x50
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 *-InfiniMatic-* said 🔗
Sometimes, it’s not best to just say whatever comes to your mind.
Typically when people ask questions they are looking for answers. Instead of being an a$$hole how about ignoring the post or just answer the question?
+1   

 2 months ago '17        #24
Universalmind88 
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This mean $1M is worth $300k in NY smh
+4   

 2 months ago '07        #25
*-InfiniMatic-* 
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 Murderers said 🔗
Typically when people ask questions they are looking for answers. Instead of being an a$$hole how about ignoring the post or just answer the question?
Nope! This Boxden, n1gga! Where ignorance is always bliss!
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