Moving to these 10 cities would allow you to maximize a $250,000 salary, according to SmartAsset data.
, 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.Thanks to Tennessee's lack of state income tax, $250,000 in Memphis holds an estimated value of $203,663.57. A $250,000 salary in Tennessee is taxed at a rate of 29.77%.Texas, like Tennessee, does not levy a state income tax. Thus, $250,000 in El Paso has the purchasing power of $200,180. A $250,000 salary in Texas is also taxed at a rate of 29.77%.
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