Here's what a $100,000 salary is actually worth across the U.S.
CBSN
A $100,000 salary has long served as the benchmark for attaining financial success, but for workers in New York City, Honolulu and San Francisco, raking in $100,000 isn't enough to float a cushy, six-figure lifestyle, a new study shows.
According to an analysis from financial information provider SmartAsset, workers earning $100,000 a year in those three cities take home what comes down to a little over $35,000 after taxes and adjustments for costs of living.
SmartAsset analyzed salaries in 76 cities, adjusting them for taxes and cost of living to determine how much money residents would have to earn each year to feel the spending power of a true $100,000 salary. The analysis' cost-of-living data accounts for the price of housing, groceries, utilities, transportation, in addition to other goods and services. The data reflects the cost-of-living index for the third quarter of 2022.
