You can earn $100,000 and still feel broke in these cities. (via CNBCMakeIt)
and the 2012-2016 American Community Survey to calculate basic living expenses for a household earning $100,000 per year in the 100 largest metro areas in the U.S.
The analysis found that there are many cities in the U.S. where families of three — dual income parents and one child in day care — earning six figures would struggle to have any disposable income left at the end of the month, after necessities such as housing, transportation, retirement savings, childcare, student loan bills, etc., were accounted for. Magnify Money assumed the couple is saving $500 a month into a 401 account and paying $393 a month in student loan debt .
In seven of the 10 cities listed, MagnifyMoney calculated that the average professional couple spends more than $100,000 a year on basic living expenses leaving them with no disposable income. As a result, they may have to rely onHere are the 10 cities where families earning $100,000 per year would have the least disposable income.
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