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Updated over 1 year ago on . Most recent reply

Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
4,152
Votes |
4,205
Posts

Prices & Taxes - Where to consider investing

Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
Posted


An annual income of $250,000 won’t put you in the top 1% of earners, but it will get you close to it. That’s because only 7% of households in the United States earn $250,000 per year1. How far that income truly goes in a given city largely depends on the tax environment and cost of living of the area. For example, a $250,000 salary in uber-expensive cities like New York and San Francisco is worth less than $83,000 after accounting for taxes and the cost of living.


In New York City and San Francisco, $250K is worth just short of $83,000 after factoring in taxes and cost of living. NYC, Honolulu and San Francisco offer the lowest real value of a high income salary.

Portland, Oregon is least favorable to high income earners. Portland has the highest increase of taxes from a $100,000 salary to a $250,000 salary. Between these salary levels, the effective tax rate jumps to 41%.

Where $250k Goes the Furthest

1Memphis, TN$203,664
2El Paso, TX$200,180
3Oklahoma City, OK$197,381
4Corpus Christi, TX$196,594
5Lubbock, TX$196,374
6Houston, TX$191,240
7San Antonio, TX (Tie)$188,772
7Fort Worth, TX (Tie)$188,772
7Arlington, TX (Tie)$188,772
10Jacksonville, FL$186,170
11Tulsa, OK$185,770
12St. Louis, MO$185,200
13Fort Wayne, IN$183,666
14Nashville, TN$183,255
15Columbus, OH$180,306
16Wichita, KS$176,957
17Albuquerque, NM$176,480
18Las Vegas, NV$176,440
19Indianapolis, IN$174,904
20Lincoln, NE$174,356
21Tampa, FL$173,992
22Austin, TX$173,820
23Omaha, NE$173,224
24Cleveland, OH$171,473
25Lexington, KY$171,345
26Winston-Salem, NC$170,671
27Cincinnati, OH$170,607
28Dallas, TX$170,445
29Charlotte, NC$170,139
30Richmond, VA$169,763
31Spokane, WA$169,621
32Kansas City, MO$169,604
33Buffalo, NY$169,165
34Raleigh, NC$168,911
35Reno, NV$168,320
36Orlando, FL$165,309
37St. Paul, MN$165,094
38Louisville, KY$164,232
39Atlanta, GA$163,952
40Pittsburgh, PA $163,237
41Durham, NC$163,191
42Milwaukee, WI$162,476
43Minneapolis, MN$162,362
44Tucson, AZ$162,159
45Phoenix, AZ (Tie)$159,554
45Mesa, AZ (Tie)$159,554
45Chandler, AZ (Tie)$159,554
48Madison, WI$157,901
49Colorado Springs, CO$154,971
50Boise, ID$154,199
51Philadelphia, PA$153,160
52Detroit, MI$153,140
53New Orleans, LA$148,528
54Aurora, CO$148,121
55Denver, CO$148,080
56Bakersfield, CA$144,718
57Miami, FL$142,963
58Plano, TX$139,998
59Anchorage, AK$139,508
60Chicago, IL$139,452




61Baltimore, MD$135,798
62Newark, NJ$131,584
63Sacramento, CA$131,350
64Stockton, CA$127,461
65Portland, OR$120,542
66Arlington, VA$116,430
67Seattle, WA$115,347
68Boston, MA$108,991
69Oakland, CA$105,223
70San Diego, CA$105,151
71Washington, DC$101,865
72Los Angeles, CA (Tie)$101,635
72Long Beach, CA (Tie)$101,635
74San Francisco, CA$82,776
75Honolulu, HI$82,672
76New York, NY$82,421

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