Despite recently being named the best city for raising a family and a good place for remote workers, Plano is the absolute worst if you're only earning minimum wage.
In a recent SmartAsset study evaluating minimum wage for adjusted cost of living, the North Texas city tied with Honolulu as the city in America where minimum wage buys the least.
The study adjusted the prevailing minimum wage to account for cost of living in 79 cities. Once cost of living is factored in, the $7.25 minimum wage in Plano is the worst, worth only $6.47.
Dallas didn't fare too well either, ranking better than only eight cities. Dallasites hired for $7.25 may find their hourly rate is only worth $6.98. And that's before tax withholding.
The news isn't much better for Austin (which ranks just one place better than Dallas), where the $7.25 minimum wage is worth just $7.16.
While minimum wage isn't anything to aspire to, some cities have higher minimum wages that combined with cost of living make a dollar stretch further.
Denver, Colorado has the highest cost-adjusted minimum wage, at $15.07, and it started with the second-highest "on-paper" minimum wage ($17.29) of the cities considered. Spokane, Washington ($15.02); Buffalo, New York ($14.92); Minneapolis ($14.85); and St. Louis ($13.68) stacked up as the five cities with the highest real minimum wage.
Besides Plano and Honolulu, the worst cities for minimum wage earners are New Orleans ($6.54), Philadelphia ($6.69) and Atlanta ($6.80). In all of...
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