The company SmartAsset compared how much $100,000 was worth in 76 of the largest cities in the U.S.
New York was dead last.
"Just how much taxes and then cost of living chip away at a six figure salary," said Susannah Snider, managing editor for financial education with SmartAsset. In Memphis, Tennessee, $100,000 equals about $86,000. In Houston, Texas, it's about $81,000 and in St. Louis, Missouri, about $80,000. "A hundred thousand doesn't go very far as far as New York City, in particular, is concerned," Jain added. "They will be forced to share and to live more like grad students than professionals."
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