New York ranked last in an analysis of 76 of the largest US cities to see where $US100,000 goes the furthest.
For many, earning a salary topping $US100,000 feels like a mark of success — but how far it goes depends on where you live. In New York City, that annual paycheck is worth just $US36,000, after taxes and accounting for the steep cost of living.
Memphis, Tennessee, took the No. 1 spot on SmartAsset’s list, with $US86,444 in take-home pay after taxes and adjusting for cost of living. “But to really break it down city-by-city reveals some of the quirks in what a difference where you live makes — and how the tax landscape of where you live really impacts what a six-figure salary feels like.”
But high prices, high taxes and astronomical rent, coupled with slowing wage gains and nearly two years of persistent inflation, have prompted many big-city residents to reevaluate. New York City alone lost over 300,000 residents from July 2020 to July 2021, according to the US Census Bureau, and rents are now rising faster than in any other US city.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indie rock doco trades on millennial nostalgia for bands including The Strokes, LCD SoundsystemYeah Yeah Yeahs, Interpol and more populate this archival documentary that avoids the New York indie scene's ugliness and pettiness, sometimes treating its subjects with too much reverence.
Read more »
Federal investigators examined Trump Media for possible money laundering, sources sayNew York prosecutors expanded criminal inquiry of company last year and examined acceptance of $8m with suspected Russian ties
Read more »
Nothing Special by Nicole Flattery review – inside Warhol’s FactoryExploring female friendship, fame and identity, this coming-of-age tale follows two young women in 1960s New York
Read more »
Signature Bank faced criminal probe before collapseUS Justice Department investigators were examining whether the New York bank took sufficient steps to detect potential money laundering by clients.
Read more »
Rugby's new tackle laws green lit for AustraliaCritics say it will make the game soft but World Rugby isn't fazed. 👀 9WWOS Rugby
Read more »
'Seeing it through': New Zealand PM teases Jacinda Ardern’s next roleNew Zealand Prime Minister Chris Hipkins has revealed former leader Jacinda Ardern could tackle a role in the international sphere next, following her resignation earlier this year.
Read more »