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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 ...
Here’s an example: If you’re making $70,000 per year in Chicago and decide to relocate to San Antonio for a new job for the same salary, your salary will be worth roughly 9 percent more in ...
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
The chart below reflects the average (mean) wage as reported by various data providers. The salary distribution is right-skewed, therefore more than 50% of people earn less than the average net salary. These figures have been shrunk after the application of the income tax.
The quality of life you can have with a $100,000 salary varies considerably from city to city. See some of the best places to live on a $100K salary. How Far a $100K Salary Goes in America’s 50 ...
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.
Income by Occupation. Occupation also has an impact on median weekly earnings. The highest-paying occupations are in management, professional and related occupations, where men and women make a ...