$100,000 Salary in NYC Is Worth Less Than $36,000, SmartAsset Calculates

Sick of talking about inflation? We don’t blame you. Truth hurts.

And a new study conducted by New York City-based financial technology firm SmartAsset shows just how much.

The company looked at 76 of the largest cities in the United States to determine what a $100,000 salary is actually worth after taxes. It adjusted those figures based on the after-tax amount and cost of living in each of them.

The findings may be even more staggering than you thought. According to SmartAsset’s data, a $100,000 annual salary in New York City amounts to only $35,791 when those factors are considered.

Ouch. That figure is good for dead last in the SmartAsset study. It can’t even buy you a Tesla. And it can barely buy you half a year of college at Columbia University, based on those tuition numbers.

Of all 76 cities assessed, $100,000 has the least stretch in New York City. Rounding out the bottom five are: Honolulu, Hawaii ($36,026); San Francisco, California ($36,445); Washington, D.C. ($44,307); and Long Beach and Los Angeles, California, which tie at $44,623.

In other words, $100,000 ain’t what it used to be — and 51% of people who made more than that in December reported living paycheck to paycheck, a recent PYMNTS and LendingClub survey cited by SmartAsset found.

Check the numbers in your city using SmartAsset’s interactive map below.

!function(){“use strict”;window.addEventListener(“message”,(function(a){if(void 0!==a.data[“datawrapper-height”]){var e=document.querySelectorAll(“iframe”);for(var t in a.data[“datawrapper-height”])for(var r=0;r

Curious about New Jersey and Connecticut? Or elsewhere in New York?

Newark, New Jersey, comes in 63rd on SmartAsset’s list. There, a $100,000 a year gig is worth about $57,082 when living costs and taxes are taken into account. That same six-figure salary is good for about $72,840 in Buffalo (ranked No. 31 overall). Connecticut didn’t have a city represented in the study.

Want better news? Move. Seven of the 10 cities in SmartAsset’s study that saw $100,000 go the farthest are in Texas, though Oklahoma City wins for lowest cost of living. Use the searchable table below and get more from SmartAsset.

!function(){“use strict”;window.addEventListener(“message”,(function(a){if(void 0!==a.data[“datawrapper-height”]){var e=document.querySelectorAll(“iframe”);for(var t in a.data[“datawrapper-height”])for(var r=0;r