Making $100,000 in LA feels like $44,000, According New Study

When people talk about the cost of living in Los Angeles, the answer is often “you get what you pay for.” Where else can you swim in the ocean and ski in the mountains in the same day? Well, according to a new study, your dollar doesn’t stretch very far in the city of Angels – and the financial stability of a six-figure salary isn’t quite what it used to be.

According to a new study from SmartAsset, a $100,000 salary in Los Angeles leaves workers with what “feels like” just $44,623, ranking it among the lowest of nearly 80 cities analyzed by the financial advisory company.

Source: Fox News