The real purchasing power of a $250,000 salary depends on a city's overall economy, taxes and cost of living.
Across the United States, $250,000 is worth as much as $203,664 in Memphis, Tennessee, but as little as $83,000 in New York City.
The study compares the after-tax income in 76 of the largest U.S. cities and adjusts the figures for the cost of living.
For the privileged few earning $250,000 per year, here are the seven cities where your money has the least purchasing power, as well as how much it's actually worth.
In San Francisco, for example, residents are taxed roughly six percentage points more in taxes at $250,000 salaries, as compared with a $100,000 salary, SmartAsset reports.
Persons:
Warren Buffett
Organizations:
SmartAsset, D.C, New York
Locations:
United States, Memphis , Tennessee, New York City, That's, New York, Honolulu, Francisco, Angeles, Long Beach , California, Washington, Diego, RentHop, California, San Francisco