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The difference in housing costs from city to city is especially important. The Bureau of Economic Analysis has calculated that the regional price parity in 2019 of the 50 largest MSAs ranges from 88.3 in Birmingham , Alabama (which has the lowest cost of living of the 50 most populous MSAs) to 126.7 in San Jose , California (the highest cost of ...
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Using in-house calculations for each city, the take-home pay after taxes was calculated, and by removing the annual total cost for expenses, a leftover or take-home pay was found, showing how far ...
There are at least 10 U.S. cities with populations over 396,000 where you can live comfortably on a salary of less than $80,000 a year. For some perspective, living comfortably in San Jose ...
Saginaw–Bay City–Midland, Michigan MSA 403,070 $20,320 111 Boise City, Idaho MSA 432,345 $20,280 112 Little Rock–North Little Rock, Arkansas MSA 724,294 $20,263 113 Elkhart–Goshen, Indiana MSA 182,791 $20,250 114 Jackson, Michigan MSA 158,422 $20,171 115 Salinas, California MSA 401,762 $20,165 116 Canton–Massillon, Ohio MSA 406,934
In at least 10 of America’s biggest cities by population, you’ll need an annual salary of $150,000 or more to live comfortably. In the most expensive, you’d need more like $266,000 a year.
The survey incorporates easy-to-understand comparative cost of living indices between cities. The survey allows city-to-city comparisons, but for the purpose of this report all cities are compared to a base city of New York City, which has an index set at 100. The survey has been carried out for more than 30 years.
1. San Jose. Yearly salary needed to live comfortably: $179,869 San Jose has by far the most expensive cost of living of the 10 largest cities in the United States.