Many people ask themselves what they would do if they made a six-figure salary, and in a place like Austin, $100,000 per year gets folks pretty far. A new study by personal finance website GOBankingRates.com examined exactly how far that is on its list of the best cities for six-figure earners in the U.S. Austin made neither the top 10 least expensive, nor the top 10 most expensive.

The annual net pay after taxes for a six-figure earner in Austin comes out to $78,089, according to the study. When factoring in major expenses like rent, groceries, healthcare, utilities, transportation costs, and miscellaneous others, that adds up to $46,836 per year, which leaves $31,253 leftover. (According to this list, it would only take about a year for these Austinites to reach their 6-month emergency fund savings goals.)

Here's how GOBankingRates breaks down Austin's annual expenses:

• Annual rent: $22,203
• Annual groceries: $5,515
• Annual healthcare: $5,944
• Annual utilities: $4,508
• Annual transportation costs: $7,364
• Annual miscellaneous costs: $1,303

San Antonio wasn't the only Texas city to earn a spot in the top 10. Higher up on the list is El Paso (No. 2), and four spots below Alamo City is Houston (No. 7).

After taxes and annual expenses, six-figure earners in El Paso have $37,685 left over, which is only $604 more than what a San Antonian would have with the same salary. In Houston, residents making $100,000 per year average about $43,105.46 in annual expenses, which leaves $34,983.54 in their pockets after paying all the bills.

For the second year in a row, the U.S. city where a $100,000 salary goes the furthest is Memphis, Tennessee. Memphis residents have nearly $40,000 leftover after taxes and annual expenses on a $100,000 salary, the study says. Like Texas, Tennessee also doesn't impose an income tax on its residents.

The top 10 U.S. cities where a $100,000 salary goes the farthest are:

• No. 1 – Memphis, Tennessee
• No. 2 – El Paso, Texas
• No. 3 – San Antonio, Texas
• No. 4 – Tulsa, Oklahoma
• No. 5 – Oklahoma City, Oklahoma
• No. 6 – Wichita, Kansas
• No. 7 – Houston, Texas
• No. 8 – Tucson, Arizona
• No. 9 – Jacksonville, Florida
• No. 10 – Indianapolis, Indiana

In the study's analysis of the top 10 most expensive cities for six-figure earners, New York City took the crown for residents left "in the red" by the end of the year. Following close behind is San Francisco, California (No. 2); San Jose, California (No. 3); San Diego, California (No. 4); Boston, Massachusetts (No. 5); Oakland, California (No. 6); Los Angeles, California (No. 7); Washington, D.C. (No. 8); Miami, Florida (No. 9); and Long Beach, California (No. 10).

The report analyzed the average expense costs in 50 of the most populous American cities, and subtracted those costs from each city's annual net annual pay after taxes on a $100,000 salary. Rankings were determined based on the amount of annual income leftover. Data was pulled from the U.S. Census American Community Survey, the Bureau of Labor Statistics Consumer Expenditure Survey, the Zillow Observed Rental Index, and more.

The report and its methodology can be found on gobankingrates.com.