Want to Earn $100K Annually? Here’s the Real Income You Need State by State

Want to Earn $100K Annually? Here’s the Real Income You Need State by State

  • The highest tax rates were found in Oregon, Maryland, Hawaii, California, and Maine.
  • Florida, Nevada, Tennessee, Texas, and Wyoming stood out for their more permissive policies.

Earning $100,000 before and after tax varies significantly, and this discrepancy can be more pronounced depending on which state you're in.

In Oregon A worker would require an annual salary exceeding $156,000 to end up with $100,000 per year, which equates to roughly $8,300 each month.

At the opposite extreme, in several states without state income tax, an individual earning a salary of $137,000 would retain approximately $100,000 as their after-tax income.

Residents of Florida , Nevada , New Hampshire , South Dakota , Tennessee , Texas , Washington and Wyoming will have the mildest taxes applied - ending up with 72.8 percent of their pre-tax earnings when they return.

Even though Alaska doesn’t have a state income tax, certain areas might levy local taxes with an average combined rate below 2 percent.

Following Oregon, states with the highest tax rates were Maryland, Hawaii , California and Maine — included in the sequence.

Interestingly, as many as 13 states levy even greater tax burdens compared to New York, where individuals must earn approximately $149,500 annually just to net $100,000.

When looking at all 50 states, the average pre-tax income needed was approximately $146,500; both Oklahoma and Colorado fell within this range.

The statistics were released in a recent study by GOBankingRates , taking into account the average federal income taxes along with withholding for Social Security and Medicare, as well as state and local taxes.

FIVE STATES WITH THE TOP-PAYING SALARIES FOR EMPLOYEES

1. Oregon: $156,280

2. California: $153,700

3. Maryland: $154,850

4. Hawaii: $154,165

5. Maine: $151,640

Source: GOBankingRates

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