US cities 10, which is difficult to survive with a salary of $ 100 000 per year
Considering that the average household income in the United States is about $59 a year, earning six figures seems like a ticket to a comfortable and prosperous life. But in many cities across the country this is not the case. For example, in San Francisco, a household that makes $117 a year is considered "low income."
MagnifyMoney, a credit card comparison resource, studied the 100 largest metropolitan areas in the United States to determine how the average family of three with an annual income of $100 lives in each of them, writes USA Today.
To determine which cities in which Americans earning hundreds of thousands feel on the verge of bankruptcy, the project used local averages and a “typical” budget for two adults and one child, and then determined how much money would be left over after paying bills at the end of each month. What happened?
The results are astounding. In five of the ten worst places to try to live on a six-figure 100 salary, 000 dollars are not enough to make ends meet and have any net income that you can spend at your discretion. We offer a look at the calculations for the cities and learn more about everything.
10. New York, NY
- Monthly net income: $ 505
- Monthly income after tax: $ 6,934
- Average monthly housing expenses: $ 2,019
9. Hartford, Connecticut
- Monthly net income: $ 479
- Monthly income after tax: $ 7,035
- Average monthly housing expenses: $ 1,880
8. Minneapolis, MN
- Monthly net income: $ 411
- Monthly income after tax: $ 6,785
- Average monthly housing expenses: $ 1,835
7. Honolulu, Hawaii
- Monthly net income: $ 140
- Monthly income after tax: $ 6,805
- Average monthly housing expenses: $ 1,983
6. Oxnard, CA
- Monthly net income: $ 138
- Monthly income after tax: $ 7,086
- Average monthly housing expenses: $ 2,188
5. Boston, Massachusetts
- Monthly net income: - $ 31
- Monthly income after tax: $ 6,932
- Average monthly housing expenses: $ 2,085
4. Bridgeport, CT
- Monthly net income: - $ 98
- Monthly income after tax: $ 7,035
- Average monthly housing expenses: $ 2,421
3. San Francisco, CA
- Monthly net income: - $ 160
- Monthly income after tax: $ 7,086
- Average monthly housing expenses: $ 2,250
2. Washington DC
- Monthly net income: - $ 360
- Monthly income after tax: $ 6,932
- Average monthly housing expenses: $ 2,597
1. San Jose, California
- Monthly net income: - $ 454
- Monthly income after tax: $ 7,087
- Average monthly housing expenses: $ 2,520
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