A new study ranking major U.S. cities on their residents' purchasing power found a $300,000 salary in NYC, Honolulu and San Francisco only feels like $100,000 due to high taxes and costs.
Women Impact Tech President Paula Bratcher Ratliff discusses the impact of NYCs salary transparency law on the wage gap and tech companies announcing layoffs amid inflation., most every American feels like their paycheck doesn't stretch nearly as far as it used to.
But new data shows even workers that hit the six-figure mark will have to earn a whole lot more than $100,000 in order to feel like they have reached a six-figure level of financial comfort – and in some U.S. cities, they would need to make two or even three times that amount. A six-figure salary doesn't stretch nearly as far as it used to – especially in U.S. cities with heavy tax burdens and a high cost of living.over the weekend that looked at annual salaries in 76 American cities, and after adjusting them for taxes and living costs, reported what residents would need to earn in each metro to reach the purchasing power of the "new" $100,000.
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