UnusualWhales

In New York City, a $100,000 salary feels like $36,000, per Bloomberg.

New York ranked last, with take-home pay of $35,791.

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.

“I think it’s intuitive: $100,000, a six-figure income — it feels like this big milestone, but it also feels very different depending on where you live,” said Susannah Snider, a financial planner and the managing editor of financial education at SmartAsset. “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.”

Read Bloomberg article on it: https://www.bloomberg.com/news/articles/2023-03-15/new-york-city-prices-make-100-000-salary-feel-like-35-000#:~:text=In New York City%2C that,consumer-focused financial information provider.