Latest news with #highCostOfLiving
Yahoo
2 days ago
- Business
- Yahoo
If You Live in One of the Richest States, Here's the Salary You Need To Take Home $100K
Americans who reside in states with a high cost of living often tend to be employed in high-paying roles to offset lifestyle expenses. If you want to take home $100,000 after taxes from a six-figure salary, you'd need to earn $130,999 on the low end in America's richest states — and as much as $146,521 in one surprising East Coast state. See More: Check Out: To determine the 10 richest states, GOBankingRates referred to existing research on how much the top 1% pay in taxes. A separate GOBankingRates study about the salary needed to take home $100,000 in each state was then utilized to determine each state's amount. In alphabetical order, this is how much salary is necessary to take home $100,000 in the 10 richest states. Salary needed for $100K: $144,879 Tax burden: 31.0% Find Out: For You: Salary needed for $100K: $139,008 Tax burden: 28.1% Be Aware: Salary needed for $100K: $141,600 Tax burden: 29.4% Salary needed for $100K: $144,939 Tax burden: 31.0% Salary needed for $100K: $146,521 Tax burden: 31.8% Explore Next: Salary needed for $100K: $140,643 Tax burden: 28.9% Salary needed for $100K: $130,999 Tax burden: 23.7% Salary needed for $100K: $140,929 Tax burden: 29.1% Trending Now: Salary needed for $100K: $139,681 Tax burden: 28.4% Salary needed for $100K: $130,999 Tax burden: 23.7% Methodology: To generate the income for what it takes to bring home a $100,000 salary by state, GOBankingRates surveyed income taxes at both the federal and state level (including FICA). Income tax estimates were created by using an in-house calculator for a person who was filing their taxes as a single person and using the standard deduction (with 2024 tax brackets). Once the three income taxes were calculated as an annual amount, GOBankingRates found each state's (4) total annual income taxes paid and (5) total income tax burden. All data was collected on and is up to date as of March 12, 2025. More From GOBankingRates The 10 Most Reliable SUVs of 2025 This article originally appeared on If You Live in One of the Richest States, Here's the Salary You Need To Take Home $100K Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
28-05-2025
- Business
- Reuters
Bata India posts surprise profit fall in fourth quarter as footwear demand wanes
May 28 (Reuters) - Footwear maker Bata India ( opens new tab reported a surprise fourth-quarter profit decline on Wednesday, hurt by sluggish consumer demand as the high cost of living hurts household budgets. The company's quarterly consolidated profit fell 28% from a year ago to 459.2 million rupees ($5.4 million) while analysts expected a growth of around 5%, according to data compiled by LSEG. Bata, which also sells footwear brands such as Hush Puppies and North Star in India, said its revenue in the quarter dropped 1% from a year ago to 7.88 billion rupees, lower than the 8.23 billion rupees expected by analysts. Urban consumer demand in India remains weak due to the high cost of living and sluggish wage growth, with lower inflation in the fourth quarter offering little respite for consumer companies. Bata has strived to maximize volume-led growth in recent quarters by reducing the number of price points offered in stores to ease decision-making for customers, analysts have said. Peer Metro Brands ( opens new tab beat fourth quarter profit expectations, benefiting from growth in its premium segment, while Relaxo Footwears ( opens new tab reported declines in quarterly revenue, profit and volume of footwear sold. PEER COMPARISON * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY TO MARCH STOCK PERFORMANCE -- All data from LSEG -- $1 = 85.3620 Indian rupees
Yahoo
10-05-2025
- Business
- Yahoo
A 32-Year-Old Husband Wonders If Homeownership Is Filled With Regrets: 'We See A Lot Of Our Friends And Family Starting To Buy Homes'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Buying a home is a core part of living the American Dream. However, homeownership doesn't guarantee that you have made it. Buying a home can create a host of new problems, and one Redditor wanted clarity. A 32-year-old husband posted in the Middle Class Finance subreddit hoping to discover if buying a home is the right move. The couple has two young kids and lives in an area with a very high cost of living. "We see a lot of our friends and family starting to buy homes," the husband stated. Don't Miss: Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — The couple's friends and family have been moving to areas with lower living costs, but is that the right move for them? Redditors debated the value of buying a house vs. renting, but some of the top comments seemed to side with renting. The Reddit post is filled with comments where people discuss buying vs. renting, but the top comment came from someone who told the husband not to compare himself with others. While avoiding comparisons is always a good idea, it's especially true for big financial decisions like homeownership. What's good for the couple's family and friends may not be good for them. Some people buy homes when they want to raise families. The couple has two children, but that doesn't mean they have to stop renting. The children may like the area, and if it works for the couple's finances, then they may want to stay put. Trending: , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. If the couple's needs change in a significant way, then homeownership may be the proper route. However, the top commenter's reply resonated with many in the community because it felt like the husband was looking at his family and friends when assessing if buying a home was worth it. One of the biggest benefits of owning a home is that you can build equity with each monthly mortgage payment. You can eventually become debt-free and pay a lot less for your property than a lifelong renter. However, most people in the Middle Class Finance community shared the downsides of owning a home. When you buy a home, you are committed to one location, which offers a lot less flexibility. In addition, you become responsible for maintaining your home, and that comes with additional expenses and effort. It's much easier to move out of an apartment than it is to sell a home and buy another home. Renting is more convenient while owning a home allows you to build commenter took issue with the notion that renting is the equivalent of throwing money away. "I'll never understand people screaming here renting is throwing away money. Do they not realize it's either index funds or home value appreciation? Except with index funds, I don't have [to] waste time and stress dealing with broken toilets or fences," the commenter stated. While the rent payments can be going toward mortgage payments, you also don't have to worry about a down payment. Instead of saving a lot of money for a down payment, renters can put the money into the stock market and watch their money compound. Homeowners don't have the same flexibility with a down payment. Their house can gain value over time, but it is riskier from an investment standpoint to put all of your money into a house instead of diversifying into an index fund. Read Next: Shark Tank's Kevin O'Leary called Missing Ring his biggest mistake — Don't repeat history— This Jeff Bezos-backed startup will allow you to . Image: Shutterstock Send To MSN: 0 This article A 32-Year-Old Husband Wonders If Homeownership Is Filled With Regrets: 'We See A Lot Of Our Friends And Family Starting To Buy Homes' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
