Washington, D.C
How much is a $100k salary worth in the DC region? – WTOP News
Hitting a six determine wage is sort of achievement for many individuals. When you think about the excessive price of residing and inflation, it doesn’t go so far as you suppose. A minimum of not within the D.C. space.
Hitting a six determine wage is sort of achievement for many individuals. When you think about the excessive price of residing and inflation, it doesn’t go so far as you suppose. A minimum of not within the D.C. space.
In line with a report launched by SmartAsset, 51% of U.S. staff making no less than a $100,000 a 12 months reported residing paycheck to paycheck in December of 2022. That’s a 7% soar in comparison with the 12 months prior.
The report by SmartAsset ranks U.S. cities by the real-world worth of a $100k wage after taxes and contemplating price of residing changes for that space.
The most important disparity between cities when rating paycheck worth is the price of residing. The price of residing consists of “the value of housing, groceries, utilities, transportation, and miscellaneous items and providers,” in accordance with the report.
For our space, Arlington, Va., is available in at quantity 66 (out of 76 listed) the place the buying energy of that wage is roughly $49,989.
In Washington, D.C., which is ranked close to the underside at 73, that worth drops to about $44,000.
By comparability, town of Memphis, Tennessee, was ranked primary, with the real-world worth of a $100k wage being about $86,000.
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