The price of happiness depends on where you live

A new study from Princeton sparked two great articles on money and happiness this week:

Time reports that the effect of more money on happiness levels tapers off after about $75,000 a year.

The Wall Street Journal follows up noting you could be happy with considerably less in some cities—but you might need a lot more in others, notably New York, where reportedly it takes about $163 thousand to have a good year.