Tom Foster
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What $100k looks like in every state is different depending on living conditions, where they live, and their spending habits. It sounds like a lot of money, and it is, but how far it goes depends heavily on the person making it.
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Alabama
A single person will pay nearly $27k in taxes if they make $100k. With the cost of living that’s not terrible, but married filers take home a little more.
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Alaska
As one of the most tax-friendly states in the US, estimating what $100k looks like in Alaska is a little uplifting. It does help that Alaskans receive an incentive for living here.
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Arizona
There is a high-income tax here, but tax rates are slow, so estimating what $100k looks like in this state isn’t tough. If you’re frugal, there’s plenty to go around.
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Arkansas
It’s not the worst state for taxes and costs of living, but what $100k looks like in Arkansas is, well, kind of average. Married filers can look forward to bringing home a little more.
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California
Taxes are a little more stringent in this state. When describing what $100k looks like in California it’s easy to say: not much. Of course, that’s highly subjective and dependent on one’s living conditions.
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Colorado
Many states are kinder to married filers than single filers. Colorado does carry a heavy tax burden, but it’s not much worse than many other states.
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Connecticut
No one wants to lose close to half their paycheck in deductions, but many are willing to play the long game when it comes to what they bring home. Connecticut isn’t the worst, but it’s tough to when seeing what $100k looks like here.
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Delaware
Single filers in Delaware see a rather big pinch in their profits. But as a tax-friendly state, one can expect to take home a good chunk of change.
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Florida
Florida is an expensive state, there’s no doubt about that. But without any income tax, it’s easy to see how so many people have money in their pockets.
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Georgia
States such as Georgia which are not friendly to the taxpayers make it clear as to what $100k looks like. It’s not chump change, but it doesn’t go quite as far as it should.
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Hawaii
If you have to ask what $100k looks like in Hawaii it’s fair to say you’ve never visited. This is an expensive state, and it also has insanely high taxes, which makes things even tougher. But tourism is a great way to make a buck.
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Idaho
Idaho is kind of a neutral, balanced state when it comes to the taxpayers. It’s not that great, but it’s not the worst in the nation either.
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Illinois
Taxes in Illinois are not friendly in the least. $100k isn’t going that far in this state, especially when factoring in living costs.
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Indiana
The income tax rate in Indiana isn’t that bad, but there are counties in this state that define their own income tax rate. That throws a monkey wrench into the financial plans of many people yearly.
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Iowa
It does appear that in the middle states, taxes aren’t quite as harsh but they are still noticeable. $100k likely goes a little further, but then again, that’s up to spending habits and variable costs of life.
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Kansas
There’s a rather big difference between single and married filers. It appears that filing as a single person is meant to be more expensive than filing as a married couple. How strange.
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Kentucky
$100k sounds like it should last a while with a responsible spender in Kentucky given that after taxes there’s still a good amount left. Of course, that’s all highly subjective.
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Louisiana
Earning around $100k in Louisiana gives a lot of people the chance to take home a very useful amount of money. But since it’s dependent on where one lives, this money could go very quickly, or last for a long time.
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Maine
This state is known for having one of the highest income taxes in the US. If you can believe it, the lower income bracket is taxed more than what the top brackets are in other states. Ouch.
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Maryland
Even though it’s not a very tax-friendly state, Maryland isn’t the worst of the bunch. $100k can go a long way depending on how one decides to spend it.
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Massachusetts
The tax rate in this state is fairly average and not too exorbitant. $100k will last a while if a person knows how to spend it and how to save enough to live on.
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Michigan
Much like many other states, $100k in Michigan would last for a bit. The taxes here aren’t severe, and the cost of living varies in a lot of cities.
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Minnesota
There are high-income taxes here, but they don’t keep people from making a decent wage. It does have higher property taxes, so making $100k doesn’t mean you’re rich in any sense.
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Mississippi
If you earn $10k or more in this state you’re going to feel the pinch. So imagine earning $100k, and realizing that you’re going to need a financial plan to make it last.
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Missouri
If you make roughly $9k or more a year you’re going to get soaked when paying taxes. There are nine tax brackets in this state, and it’s easy to guess that making $100k is going to dwindle quickly.
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Montana
There is a low property tax and no income tax here, which benefits a lot of people. But $100k still isn’t going to last long since once again, if you make enough to take on a higher tax bracket, your money is going to start siphoning away.
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Nebraska
Married filers in this state have a much greater chance of keeping hold of the majority of $100k. Single filers aren’t soaked entirely, but the fact is that their money won’t go quite as far.
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Nevada
Depending on where one lives in Nevada, $100k might go a long way, or it might end up landing in the pockets of others very quickly. It’s a tax-friendly state that knows how to generate revenue from its taxpayers.
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New Hampshire
Given the fact that there’s no sales tax or income tax, this is a rather tax-friendly state. But it’s still an expensive place too.
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New Jersey
Single folks in New Jersey feel the pinch a lot more than married individuals. But it does make a little sense, as this state is kind of expensive depending on where one lives.
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New Mexico
The overall cost of living in New Mexico isn’t that hard to reach, so $100k could go a long way. Still, the taxes in this state are about average when everything is tallied.
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New York
It’s expensive to live in New York, that’s all that needs saying. This is where $100k can blow away like a dandelion in the breeze.
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North Carolina
There’s not much else to say except that North Carolina is kind of pricey in some areas and not so bad in others. It balances out in its own way.
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North Dakota
$100k can, if spent wisely, set a person up for a while in this state. If they make too much then they’re subject to very high tax rates.
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Ohio
It’s not the most expensive state on this list, but Ohio is still one of those that can incur a cost of living that would wipe out $100k. With that said, it’s still a temperate state in terms of cost.
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Oklahoma
Living in Oklahoma isn’t any better or worse than any other place. The amount a person spends is, of course, a huge deciding factor in how far their money will go. But in this state, it’s not hard to save money if one is smart.
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Oregon
Oregonians know from the time they start making their first buck that taxes are going to take nearly everything legal to take. If a person makes $100k they’re going to lose roughly 30% of it and will have to find a way to pay for their yearly expenses on an average budget that’s tough to stretch.
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Pennsylvania
Pennsylvania is kind of middle-of-the-road when it comes to how far money will go. $100k isn’t going to last that long here, but it goes further than it does in other states.
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Rhode Island
The high property and sales tax make it easy for $100k to disappear quickly. Added to the cost of living, it’s easy to see how Rhode Island isn’t exactly cheap when it comes to how far that amount stretches.
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South Carolina
It might make one think that South Carolina is raking people over the financial coals when seeing how fast $100k goes. But since their property taxes are low it’s fairly balanced.
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South Dakota
This state is attractive to a lot of people for a lot of reasons, and the cost of living is one of them. $100k won’t last that long, but it will help a person live a comfortable life.
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Tennessee
Sales tax is a real killer when it comes to one’s wallet. Because of this, $100k will usually go quicker than it might in other states.
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Texas
There are high sales taxes in this state and because of this, $100k isn’t bound to last long. After all, people need the basics and certain amenities, so it’s fair to say that this money will flow quicker than it gathers.
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Utah
This is still an expensive state depending on where one lives. But it’s not too hard to make $100k last as long as it needs to.
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Vermont
Property taxes are just as rough on a paycheck as anything. That’s why $100k probably won’t last too long in this state unless one knows how to navigate their finances.
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Virginia
When compared to other states, $100k can benefit several people here. But on average the taxes are going to take a huge chunk and leave just enough to live on.
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Washington
If you’re married in Washington it’s very easy to make $100k last for a while. If you’re single, well, get ready to hand a hefty chunk over to taxes before you get to spend it.
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West Virginia
Taxes don’t take too much out of $100k in this state. But the costs of living are another thing entirely.
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Wisconsin
Wisconsin is kind of harsh to single folks, but a little friendlier to married couples. $100k can last for a while here if you know how to spend it.
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Wyoming
As one of the most tax-friendly states in the nation, Wyoming makes it easy to hold onto the majority of your money. $100k can last as one needs it to if they keep their spending balanced.
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