Investment Banker · Salary Comparison · 2026
Investment Banker Salary: Dallas, TX vs Boston, MA
Side-by-side comparison of salary, taxes, cost of living, and take-home pay for Investment Bankers in Dallas, TX and Boston, MA, based on BLS OEWS 2026 data.
1Which City Pays More After Tax?
Higher Gross Salary
✓ Boston, MA
$145,000 vs $171,000
Better Purchasing Power
✓ Dallas, TX
$129,464 vs $105,556
Best Take-Home (COL-Adj)
✓ Dallas, TX
$119,625 vs $92,657
2
Detailed Comparison
| Metric | Dallas, TX | Boston, MA | Diff |
|---|---|---|---|
| Median Annual Salary | $145,000 | $171,000▲ | -$26,000 |
| 25th Percentile | $111,650 | $131,670▲ | -$20,020 |
| 75th Percentile | $185,600 | $218,880▲ | -$33,280 |
| 90th Percentile | $232,000 | $273,600▲ | -$41,600 |
| Cost of Living Index | 112 | 162 | -50 |
| State Income Tax | 0%▲ | 5% | -5% |
| COL-Adjusted Median | $129,464▲ | $105,556 | +$23,908 |
| Est. Annual Take-Home | $133,980 | $150,104▲ | -$16,124 |
| COL-Adj. Take-Home | $119,625▲ | $92,657 | +$26,968 |
| Total Employment | 28,000 | 33,600 | -5,600 |
▲ = Higher value wins for this metric. Diff = Dallas, TX minus Boston, MA.
3Summary Analysis
On paper, Boston, MA pays $26,000 more (median: $145,000 vs $171,000). However, after adjusting for cost of living (index 112 vs 162), Dallas, TX provides better purchasing power ($129,464 vs $105,556 equivalent). Dallas, TX has no state income tax, which is a significant advantage.
Data: U.S. Bureau of Labor Statistics OEWS · 2026 · Cost-of-living indices from composite metro area data. Take-home estimates approximate only — consult a tax professional for accurate figures.