There’s one major U.S. city where making $100,000 may not even cover basic bills

[rangerrebew]

There’s one major U.S. city where making $100,000 may not even cover basic bills

Published: May 17, 2019 10:21 a.m. ET


By
Catey


A fat paycheck doesn’t always mean you can pay the bills.

This week, personal finance site GoBankingRates released an interesting analysis of how far a $100,000 pre-tax salary would go towards covering basic costs — rent, groceries, utilities, driving costs and health care — in the 50 largest US cities. (You can find the methodology here.) And there was just one city it found where that six-figure salary wouldn’t cover your basics: San Francisco.

“The biggest factor in cost of living is housing, and that’s where San Francisco is really pushed over the top in terms of cost,” says Andrew DePietro, the site’s lead researcher and data analyst. “Tack on other costs of living — utilities, health care, etc. — and San Francisco is the only city where $100k isn’t enough.”

https://www.marketwatch.com/story/theres-one-major-us-city-where-making-100000-wont-even-cover-basic-bills-2019-05-17?mod=mixifeed&mod=mixi

[jmyrlefuller]

I'd've thought Washington, DC...

[Applewood]

I would have thought New York City.   But I suppose any socialist-run city could be in the running for that dubious distinction.


Thing is, with many of the overpriced cities, I wouldn't even want to visit, let alone live there. 

[mountaineer]