The $100,000 Salary Analysis for Yankton

This is a breakdown of a $100,000 nominal salary in Yankton, South Dakota. It focuses on net cash flow and realistic purchasing power. No speculation; just the math.

1. The Verification Test

This calculates what actually hits your bank account from a gross salary of $100,000.

• Gross Salary: $100,000
• Federal Tax (Est.): -$14,000
  • Note: This is an estimate for a single filer taking the standard deduction. Actual amount varies by filing status and deductions.
• FICA (Social Security/Medicare): -$7,650
  • 7.65% of gross salary.
• State Tax: $0
  • South Dakota has no state income tax on wages.
• Net Pay (Annual): $78,350
• Net Pay (Monthly): $6,529

2. Smart Budget (50/30/20)

Based on the $6,529 monthly net pay.

50% - Needs ($3,264)

• Rent (1BR Avg): $734
  • This is roughly 11% of your net pay.
• Utilities (Electric/Heating/Water): $200
• Groceries: $500
• Car Payment/Insurance: $600
• Remaining for Needs: $1,230
  • Cushion for maintenance, gas, or health premiums.

30% - Wants ($1,958)

• Discretionary spending. Dining out, entertainment, travel, hobbies.

20% - Savings/Debt ($1,305)

• Retirement contributions, extra debt payments, or cash savings.

3. Yankton Tax Context

South Dakota is a "Zero Income Tax" state. This is the primary financial advantage of living here.

• Vs. High-Tax (California/NY): In CA/NY, you would lose $25,000–$30,000 more annually to state taxes. Your Net Pay would be closer to $50,000, making the $100k salary feel like $60,000.
• Vs. Low-Tax (Texas/Florida): TX and FL also have 0% state income tax. The tax comparison here is neutral. The difference in purchasing power comes entirely from housing and goods costs.

4. FAQ

"Is $100k good here?"
Yes. It is significantly above the local median household income. It affords you a comfortable lifestyle with high savings potential due to the low cost of living (specifically rent).

"Local income tax?"
None. Yankton does not levy a local city income tax. State income tax is 0%.