Arlington ranks near the top of many lists, but it’s near the bottom of a new one looking at purchasing power.
The county is No. 66 out of 76 on a list of “Where $100,000 Goes Furthest.” The bottom four cities on the list are New York, Honolulu, San Francisco and Washington, D.C., compared to the top-ranked cities of Memphis, El Paso, Oklahoma City and Corpus Christi.
The 2023 study by financial website SmartAsset “looked at what a $100,000 income is worth after taxes and a cost-of-living adjustment.”
“A six-figure salary is an important milestone for many people, but after taxes and amid rampant inflation, it’s not what it used to be,” a PR rep for the site said in an email. “With this in mind, SmartAsset set out to uncover what $100,000 truly feels like in America’s largest cities. To calculate this, our data team analyzed after-tax income in 76 of the largest U.S. cities and adjusted those figures for the cost of living in each place.”
“Our findings show $100,000 in Arlington amounts to roughly $50,000 after adjusting for taxes and cost of living,” the rep noted to ARLnow.
In bottom-ranked New York City, that $100,000 amounted to an adjusted-for-cost-of-living $35,791. The same $100,000 salary in Memphis amounted to $86,444 in adjusted take-home pay, according to SmartAsset’s calculus.
The cost-of-living calculations take into account the local cost of “housing, groceries, utilities, transportation, and miscellaneous goods and services” as of fall 2022, the site notes.
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Join MoCA Arlington Summer Camps at Marymount University and learn the fundamentals of handbuilding, throwing on a wheel, glazing, and much more. In this two-week course, students will explore hand building techniques, wheel throwing, and strengthen ideas that exemplify individual artist expression guided by professional working artists. Students of all skill levels are welcome!
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Please join us on Saturday, June 3, from 2 to 4 pm for the Glencarlyn Home Tour in Arlington’s historic Glencarlyn neighborhood. Among the featured homes will be a sparkling new home by A&N Builders at 5604-4th St. South. The inviting front porch opens to a light-filled space featuring high ceiling, wood floors, gas fireplace, Pella windows, Shrock cabinets, Quartz countertop, and JennAir appliances. Doors from the family room open to a large covered porch with a few steps to the level, landscaped rear yard. Upstairs, there are four bedrooms, three bathrooms, laundry room, and linen storage. The big lower level has a rec room, gym space, and a fifth bedroom and bathroom plus even more storage. After leaving the home, stroll to the Ball-Sellers home, the oldest residence in Arlington, the community gardens at the library, Carlin Hall, and the 94 acre Glencarlyn Park. A lovely way to while away a late spring afternoon.
Homebuying 101: Steps to Getting Pre-Approved
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4th of July Celebration & Fireworks
Treat yourself this Independence Day with a world-class, private 4th of July extravaganza at the Military Women’s Memorial – a premier National Capital Region site.
Great food, fun, and the best views of Washington DC’s spectacular fireworks display. Relax, enjoy,