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Report: $100K doesn't go as far as you may think in San Diego

Posted: 9:43 AM, May 19, 2019
Updated: 2019-05-19 16:33:06-04
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SAN DIEGO (KGTV) -- Six figures may not get you as far as you think in America’s Finest City, according to a new report by GOBankingRates .

After taxes and expenses, San Diegans making $100,000 only have $13,000 per year left over.

Though that may not look like much, it’s a lot compared to what residents of San Francisco have left over.

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According to the study, people living in San Francisco are in the negative by $2,734 after taxes, healthcare and living expenses. The largest chunk of that $100,000 paycheck goes to rent, costing more than $52,000 per year.

To compare, $100,000 will go the furthest in Memphis, Tennessee with residents having a little more than $46,000 left over.

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Check out the chart below:

Rank

City

State

Net Pay After Income Taxes

Income Leftover

1

San Francisco
California
$72,305.44
-$2,734

2

San Jose
California
$72,305.44
$1,800

3

Oakland
California
$72,305.44
$8,448

4

Los Angeles
California
$72,305.44
$9,689

5

San Diego
California
$72,305.44
$13,077

6

Washington
District of Columbia
$72,347.70
$13,904

7

Long Beach
California
$72,305.44
$15,663