Guess some might not know that Austin is refer to as the San Fran of Texas. "No one goes there anymore, its too crowded." - Yogi More people equals higher wages, higher cost of living. No place on earth has relatively higher wages with lower cost of living.
Or you make your high income in high wage country but live in low cost of living country... Lots of Americans live in Central America with their retirement income, for example.
%% MAYBE gross , including benefits so the more they try to tax on it, huh ?? Dont know. Mode example[differs from median and average ]. 7 homes, 777k each , keeping it simple LOL ,mode =$777k
You mean lots of Americans, of average means, go their to stretch their dollars more. The wealthy go to Monte Carlo, Aruba, Costa Rica and Panama (only as far CA is concerned), etc. The peans Columbia, Nicaragua, Peru.
Sir, it is $20/hr + benefits? Perhaps $124K included benefits like vacation & 401K and don't forget for those billionaires like Musk, who is now in Texas, their stock options??? $777K you are the 1% even in CA and you pay 10% marginal CA state tax.
Whenever I see an infographic I just assume it is misleading because most of the time they are. I think they tried to do some kind of inflation adjustment that doesn't make sense so the data is all skewed pointlessly weird. Some cost of living index per state * median income per state. The higher and lower the cost of living index is the more skewed and nonsensical this infographic is.
Yeah, Costa Rica and Panama are in Central America. The wealthy can live anywhere and not care about taxes and expenses. I'm talking about middle class up to $5M assets, which should make anyone consider where and how to live. Costa Rica is far more attractive than CA for example.