Study: Bellevue, Seattle among cities where ‘you’re broke earning $100K’
Oct 14, 2019, 10:38 AM
A new study released by GOBankingRates says Seattle and Bellevue are among 25 US cities where earning $100,000 a year isn’t enough to cover basic living expenses.
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The study says many affluent cities that produce the highest salaries have also seen basic costs of living climb higher and higher.
A $100,000 salary might be seen as a “rich” person’s salary in other cities, but not so in Bellevue and Seattle, it says.
According to the study, those who earn $100,000 a year in Seattle would be just over $24,000 short at the end of the year.
- Metro area: Seattle-Tacoma-Bellevue
- Average monthly rent: $2,238
- Overall annual expenditures: $124,062.60
- Amount left over from $100,000: -$24,062.60
As for Bellevue, the study’s data shows you would be nearly $41,000 short on a $100,000 salary.
- Metro area: Seattle-Tacoma-Bellevue
- Average monthly rent: $2,421
- Overall annual expenditures: $140,908.36
- Amount left over from $100,000: -$40,908.36
Seattle came in at number 10 on the list while Bellevue reached number 5.
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GOBankingRates says 17 of the 25 cities identified in the study are in California, including Sunnyvale, which took the number one spot, where a resident earning $100,000 a year would be $138,333.99 in the hole after expenses.
