The purchasing power of a $250,000 salary, for instance, depends largely on a city's cost of living and overall tax environment.
High earners might be able to maximize their earnings and take advantage of lower tax rates by moving cities.
The purchasing power of $250,000 in cities like New York and San Francisco, for example, is worth just shy of $83,000 after taxes and cost of living, the study finds.
In cities like Memphis, Tennessee, and El Paso, Texas, though, $250,000 is worth much more, thanks to the states' lack of income tax.
For the fortunate 7% of American households earning $250,000 per year, here are the top 10 cities where that money goes the furthest.
Locations:
New York, San Francisco, Memphis , Tennessee, El Paso , Texas