Investment Banker · Salary Comparison · 2026
Investment Banker Salary: Raleigh, NC vs Austin, TX
Side-by-side comparison of salary, taxes, cost of living, and take-home pay for Investment Bankers in Raleigh, NC and Austin, TX, based on BLS OEWS 2026 data.
1Which City Pays More After Tax?
Higher Gross Salary
✓ Austin, TX
$138,000 vs $154,000
Better Purchasing Power
✓ Raleigh, NC
$133,981 vs $124,194
Best Take-Home (COL-Adj)
✓ Raleigh, NC
$118,227 vs $114,755
2
Detailed Comparison
| Metric | Raleigh, NC | Austin, TX | Diff |
|---|---|---|---|
| Median Annual Salary | $138,000 | $154,000▲ | -$16,000 |
| 25th Percentile | $106,260 | $118,580▲ | -$12,320 |
| 75th Percentile | $176,640 | $197,120▲ | -$20,480 |
| 90th Percentile | $220,800 | $246,400▲ | -$25,600 |
| Cost of Living Index | 103 | 124 | -21 |
| State Income Tax | 4.5% | 0%▲ | +4.5% |
| COL-Adjusted Median | $133,981▲ | $124,194 | +$9,787 |
| Est. Annual Take-Home | $121,774 | $142,296▲ | -$20,522 |
| COL-Adj. Take-Home | $118,227▲ | $114,755 | +$3,472 |
| Total Employment | 17,600 | 30,400 | -12,800 |
▲ = Higher value wins for this metric. Diff = Raleigh, NC minus Austin, TX.
3Summary Analysis
On paper, Austin, TX pays $16,000 more (median: $138,000 vs $154,000). However, after adjusting for cost of living (index 103 vs 124), Raleigh, NC provides better purchasing power ($133,981 vs $124,194 equivalent). Austin, 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.