In New York City, a $100,000 Salary Feels Like $36,000

Bloomberg (via MSN):

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For many, earning a salary topping $100,000 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 $36,000, after taxes and accounting for the steep cost of living.

That’s according to an analysis of 76 of the largest US cities to see where $100,000 goes furthest by SmartAsset, a consumer-focused financial information provider. New York ranked last, with take-home pay of $35,791. It was joined in the bottom 10 by other notoriously expensive cities like San Francisco, Washington, DC, Los Angeles, Boston and Seattle. Memphis, Tennessee, took the No. 1 spot on SmartAsset’s list, with $86,444 in take-home pay after taxes and adjusting for cost of living.


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