Salary | Advice | Best and Worst Places for Your Paycheck --

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Salary | Advice | Best and Worst Places for Your Paycheck --: "Worst Metro Areas to Live and Work In
Ever dream of living in New York City? Strolling down Madison Avenue, catching a Broadway show? Well if you're a stickler for making ends meet, you might want to rethink that dream. New York is the least affordable metro area when we calculate both its average salaries and cost of living and compare those to our national average indexes. But you make more money in New York, right? Well, yes and no. On paper your salary may be higher, but does that really mean it's more? Employers in New York typically pay 15.5% higher than the national average, BUT the cost of living in New York is 94% higher. This means that an average worker currently earning $50,000/yr in the average U.S. city would have to earn approximately $37,000 more a year in New York to maintain his or her standard of living. A $37,000 dollar raise is a hard thing to come by, even in the Big Apple.

Stamford, CT, San Francisco, San Jose, and San Diego, California all join New York as the top 5 worst cities to spend your salary in the U.S. "