10 States Where You Need To Earn the Least To Take Home $100K
Even if you make a six-figure salary, you might not be taking home $100,000 after taxes are accounted for. In some states, you have to make a salary of over $150,000 to take home $100,000 once federal, state and local taxes plus FICA withholdings are withdrawn.
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If you want to take home $100,000 without needing to earn too much above that threshold, it’s best to move to one of the nine states with no income taxes — Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming.
Florida
Salary needed for $100,000: $137,290
Take-home salary: 72.84%
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Nevada
Salary needed for $100,000: $137,290
Take-home salary: 72.84%
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New Hampshire
Salary needed for $100,000: $137,290
Take-home salary: 72.84%
South Dakota
Salary needed for $100,000: $137,290
Take-home salary: 72.84%
Tennessee
Salary needed for $100,000: $137,290
Take-home salary: 72.84%
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Texas
Salary needed for $100,000: $137,290
Take-home salary: 72.84%
Washington
Salary needed for $100,000: $137,290
Take-home salary: 72.84%
Wyoming
Salary needed for $100,000: $137,290
Take-home salary: 72.84%
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Alaska
Salary needed for $100,000: $137,575
Take-home salary: 72.69%
North Dakota
Salary needed for $100,000: $140,960
Take-home salary: 70.94%
Methodology: GOBankingRates determined the salary you would need to take home an annual pay of $100,000 after federal, state and local taxes plus FICA withholdings. All data was collected on and is up-to-date as-of May 2, 2024.
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This article originally appeared on GOBankingRates.com: 10 States Where You Need To Earn the Least To Take Home $100K