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Difference Between What You Make and How far It Goes in Houston and Four Other Cities

Your money's not worth what you think it is.
Your money's not worth what you think it is.
Photo by At.morey.tota

It's called real personal income. You might make more than the median yearly salary here, which is $31,265, but how much bang for your buck are you really getting?

Here's a look (via Planet Money's breakdown of Bureau of Economic Analysis Data) at the real value of median income in five cities.

5) Hot Springs, AR

If you make $25,020 it's real value is $27,771. This must be the only place in American where the median salary is worth more, but we're still not ready to move here.

Difference Between What You Make and How far It Goes in Houston and Four Other Cities
Photo by Nserrano

4) Los Angeles

For the folks making the median, just $29,914, they only get about $23,929 out of it. We can't imagine how life in LA is possible at this price.

 

3) New York City

We bet you're not surprised that a $37,064 yearly median income gets you a whole $28,799 in money power.

2) Dallas-Fort Worth

The median income here is $31, 756, a little higher than Houston. And it's real value? $28,818.

Difference Between What You Make and How far It Goes in Houston and Four Other Cities
Google Maps

1) Houston

If you're pulling in the median here, which is $31,236, then you're really only getting about $29, 467. Not that much bang for the buck.


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