The article highlights how a $100,000 salary may not stretch evenly across the U.S. due to varying tax burdens and living costs. While Manhattan ranks as the hardest place to make that salary work, cities like Oklahoma City, El Paso, and Corpus Christi allow individuals to maximize their earnings. Factors such as local taxes, state income taxes, and the cost of living create significant disparities in purchasing power, making it crucial for individuals to consider these elements in financial planning.
After accounting for federal taxes, particularly high local taxes, and a cost of living 130.6% higher than the national average, a $100k salary goes least far in New York City.
Given these factors, understanding where $100,000 stretches the furthest—and where it may fall short—can be crucial for budgeting and long-term financial planning.
Oklahoma City's low cost of living is enough to offset the state-imposed income tax, allowing a $100k salary to go further compared to other regions.
The value of $100k increased by 6.6% year over year in Charlotte, North Carolina, demonstrating that economic factors continue to evolve and impact purchasing power.
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