Extra People are moving out of big cities like San Francisco, Chicago, and New York Metropolis, choosing much less dense areas the place their greenback can go farther. Because the housing market skyrockets in these cities and their surrounding areas, a family earnings of $100,000 simply doesn’t stretch as a lot because it used to.
Within the Seventies, the common earnings was the equal of roughly $75,000 by right this moment’s requirements, however inflation signifies that wage simply doesn’t reduce it as 51% of people that make greater than $100,000 annually report dwelling paycheck to paycheck, in accordance with a new survey.
However what if we advised you that there are locations within the U.S. the place a $100,000 earnings goes a great distance?
We’ve compiled an inventory of the High 25 cities the place a $100,000 family earnings now not means dwelling from one paycheck to the following, in accordance with SmartAsset.
All price info was obtained from Expertise Revenue Tax Calculator and PayScale.
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