Here's how far a $100K salary goes in the most — and least — affordable U.S. cities
CBSN
Hitting a six-figure salary has long been seen as a marker of financial success. But with the ever-rising cost of living, $100,000 can fall far short of financial security in many of the nation's largest cities.
In fact, in the priciest locales — New York, San Francisco and Honolulu — $100,000 gets one the same quality of life as someone making $36,000 almost anywhere else in the nation, according to a new analysis from personal-finance website SmartAsset.
For the report, SmartAsset used its paycheck calculator to remove state, federal and local taxes from a $100,000 salary, then adjusted the remainder based on each city's relative cost of living.
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