DENVER (KDVR) — Rather a lot, it seems.
Monetary advisor SmartAsset analyzed financial knowledge from 76 U.S. cities to seek out which required probably the most revenue to truly preserve $100,000 of spending energy after taxes and native value of residing are accounted for.
Denver ranks Twenty second-highest for the revenue wanted, although its comparatively low tax fee in comparison with different high-cost cities saves it from being larger on the record.
It takes $162,700 in yearly revenue to really feel like a Denver family is definitely making six figures. Aurora ranks instantly after Denver with $162,500 wanted. Colorado Springs is barely decrease in value of residing, so households want $155,500 to approximate a six-figure revenue.
The very best on the record are Honolulu, Hawaii; New York Metropolis and San Francisco. In every of those cities, it takes over $300,000 a 12 months to realize $100,000 in spending energy.
It’s a lot simpler to reside massive with much less in southern cities. Memphis, Tennessee; El Paso, Texas; Oklahoma Metropolis, Corpus Christi, Texas; Lubbock, Texas and Houston have the bottom thresholds for feeling a six-figure revenue in actual spending energy. An revenue of $125,000 in Houston generates the identical spending energy as $312,000 in New York Metropolis.
Predictably, the quantity wanted to have six figures of spending energy rises with a metropolis’s value of residing.
The three cities with the best incomes even have the best prices of residing. Conversely, every of the cities with the bottom incomes has the bottom value of residing.
