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18 major US cities where rent and taxes eat up all of a worker's paycheck

Published by Business Insider on Mon, 17 Feb 2020


A majority of Americans are struggling to make ends meet: about 78% of Americans were living paycheck to paycheck in 2017.Clever Real Estate created a ranking of the worst major cities to live in based on the amount of money left from people's paychecks after expenses and income taxes.18 cities have less leftover money from their biweekly income than than the national average, including New York, Philadelphia, and Las Vegas.Visit Business Insider's homepage for more stories.Living paycheck to paycheck is not an uncommon phenomenon in the US.According to 2017 survey results from Career Builder, a job listing and career resource website, 78% of Americans were living paycheck to paycheck, which means many are not able to save money for long-term financial goals or social activities.And a new study shows just how hard it is for many Americans to get ahead. The average American spends roughly $1,272 per paycheck on living expenseswith the majority of expenses coming from housing and utility billsaccording to a recent Clever Real Estate report using Bureau of Economic Analysis spending and income data and IRS state tax data.Clever Real Estate compiled a ranking of the best and worst metro areas to live in based on how much money residents have leftover from a typical biweekly paycheck. After subtracting expenses and income taxes from biweekly pretax income, the average amount of money leftover among all Americans was $136.39.In 18 cities, residents have even less than the national average. Interestingly, the average residentofsix citiesin the study doesn't even have enough money to meet their various expenses, ending up with a negative balance after expenses are subtracted from biweekly income. Among those six cities were McAllen, Texas; New Haven, Connecticut; and Riverside, California.Although some metro areas like New York City are high-income places, people in those cities tend to decide to live with a roommate to help cut living costs in the face of sky-high rents. Living with a roommate in general has become more common across the US, according to Pew Research Center.Housing and utilities costs was the second largest expense per person for residents living in high-income cities, behind goods and services costs. Clever Real Estate noted this could be because products are more expensive in these cities, rather than because people are buying more goods and services.Read on to find out the 18 most unaffordable cities based on the amount of money leftover from their biweekly income.18. McAllen, TexasAverage biweekly pre-tax income: $1,015.77Income tax:$234.03Average biweekly expenses:$1,012.42Average left over money:-$230.6817. New Haven, ConnecticutAverage biweekly pre-tax income: $2,178.85Income tax:$376.70Average biweekly expenses: $1,958.56Average left over money: -$156.4116. Riverside, CaliforniaAverage pre-tax biweekly income: $1,557.15Income tax:$270.63Average biweekly expenses: $1,398.64Average left over money: -$112.1115. New York, New YorkAverage pre-tax biweekly income: $2,949.27Income tax:$336.91Average biweekly expenses: $2,721.79Average left over money: -$109.4414. Orlando, FloridaAverage pre-tax biweekly income: $1,672.73Income tax:$267.75Average biweekly expenses: $1,488.14Average left over money: -$83.1513. San Antonio, TexasAverage pre-tax biweekly income: $1,807.50Income tax:$234.03Average biweekly expenses: $1,574.78Average left over money: -$1.3112. Allentown, PennsylvaniaAverage pre-tax biweekly income: $2,081.54Income tax:$219.93Average biweekly expenses: $1,850.29Average left over money:$11.3111. Columbus, OhioAverage pre-tax biweekly income: $1,967.88Income tax:$180.46Average biweekly expenses: $1,768.87Average left over money: $18.5510. Las Vegas, NevadaAverage pre-tax biweekly income: $1,811.15Income tax:$224.64Average biweekly expenses: $1,560.01Average left over money:$26.509. Milwaukee, WisconsinAverage pre-tax biweekly income: $2,192.50Income tax:$191.91Average biweekly expenses: $1,972.99Average left over money:$27.608. Detroit, MichiganAverage pre-tax biweekly income: $2,041.77Income tax:$192.98Average biweekly expenses: $1,802.12Average left over money:$47.377. Virginia Beach, VirginiaAverage pre-tax biweekly income: $1,946.88Income tax:$240.44Average biweekly expenses: $1,649.64Average left over money:$56.806. Dayton, OhioAverage pre-tax biweekly income: $1,834.12Income tax:$180.46Average biweekly expenses: $1,582.78Average left over money:$70.875. Providence, Rhode IslandAverage pre-tax biweekly income: $2,099.42Income tax:$219.08Average biweekly expenses: $1,804.28Average left over money: $76.074. El Paso, TexasAverage pre-tax biweekly income: $1,378.31Income tax:$234.03Average biweekly expenses: $1,056.83Average left over money:$87.453. Philadelphia, PennsylvaniaAverage pre-tax biweekly income: $2,478.46Income tax:$219.93Average biweekly expenses: $2,143.75Average left over money:$114.782. Urban Honolulu, HawaiiAverage pre-tax biweekly income: $2,292.62Income tax:$191.24Average biweekly expenses: $1,985.99Average left over money:$115.391. Tampa, FloridaAverage pre-tax biweekly income: $1,816.92Income tax:$267.75Average biweekly expenses: $1,417.11Average left over money:$132.07
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