Earning $300,000 in New York, San Francisco, and Honolulu feels like earning $100,000.
Inflation surged to highs not seen since the 1980s in 2022, pushing the cost of living higher.
The study found that New York, San Francisco and Honolulu have the highest cost of living at over 80% above the national average.
New York came in at a close second with $312,000 needed, while San Francisco required $310,700.
In March, the rate of consumer price inflation was 5%, remaining significantly above average compared to the past 30 years.