10 Cities Where You're Most Likely to Earn 6 Figures and Still Feel Broke Revealed in New Study
Jul 5, 2018
Published Jun 28, 2018 at 9:45 AM | Updated at 8:33 AM EDT on Jul 5, 2018
If you earn six figures and you're still broke, you're not alone -- especially if you live in certain parts of the East Coast. Personal finance help site MagnifyMoney just put out a list of the top 10 places in America where that happens, and not surprisingly, New York makes the cut. It's not anywhere near the top of the list, though (two spots in Connecticut are higher). MagnifyMoney created a hypothetical but typical couple with one child who earns a combined gross income of $100,000, then estimated monthly expenses, debt payments and tax obligations to figure out disposable income in various metro areas based on the average lifestyle of a six-figure earner in those locales. Here, in reverse order, are the places where that family would have the least disposable income. Learn more about MagnifyMoney's methodology and see the full findings here.