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Jun 29 - 5 U.S. Cities with High Paychecks and a Low Cost of Living


 


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 2 years ago '05        #1
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phantomnation 3064 heat pts3064
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Jun 29 - 5 U.S. Cities with High Paychecks and a Low Cost of Living
 

 
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Many factors influence where we choose to live. While our home's proximity to friends and family is a crucial deciding factor, ultimately where we decide to live is influenced by our finances. The two major factors influencing where we live are the cost of living and the income potential in a given region. The problem with looking at these two factors individually, however, is that they often are highly influenced by one another and have a strong positive correlation. Fat paychecks in New York City and San Francisco translate into $20 salads, exorbitant rents, and surge-priced Uber rides. (To learn more, read: How the Cost of Living Affects Your Income.)

When we dissect the data, it’s apparent that the most affordable cities to live in while earning an excellent living are in the middle of the country, rather than along the expensive coasts. We’ve compiled a list of the best cities in the U.S. that combine a low cost of living with relatively high per capita income compared with the rest of the nation.

Read more: 5 U.S. Cities with High Paychecks and a Low Cost of Living | Investopedia visit this link http://www.investopedia.c .. #ixzz4lPHqMHP0
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Houston, Texas

The city of Houston benefits from a high domestic migration rate and a high economic growth rate. According to the Census Bureau’s 2015 population estimates, Texas saw the biggest increase in population. The suburb of Harris Country in Houston grew more than any other in the country, increasing by 89,000 people, as opposed to the more than 500,000 people that fled New York City during the same period. (For related content, see: How Much Money Do You Need to Live in NYC?). According to the Department of Numbers, Houston’s median household nominal income was $60,072 last year and real income was $65,910. Houston’s residents income levels typically outpace the cost of living, with a fabulous transportation system, relatively affordable housing and low prices of common consumer goods.


Dallas-Fort Worth, Texas

The Dallas-Forth Worth hub also lies in the Sunbelt. The city benefits from high net domestic migration and a nonexistent state income tax. According to Numbeo’s cost of living comparison between Dallas and Los Angeles, “you would need around $5,066.81 in Los Angeles, CA to maintain the same standard of life that you can have with $4,200 in Dallas, TX.” When the numbers are scaled out, the differences are drastic. The most significant differences between the two cities are rent prices, which are 55.58% lower in Dallas than in Los Angeles.


Charlotte, North Carolina

Charlotte, North Carolina may seem off the beaten path to some, but to North Carolinians and southerners who’ve grown up loving the city, the move seems like a no-brainer. Charlotte is home to many big time companies and the headquarters of Bank of America. The city also now boasts its own football team, the Carolina Panthers. According to the Charlotte Chamber, earning an after-tax income of $100,000 in Manhattan, New York is equivalent to the after-tax income of $43,224.93 in Charlotte, North Carolina. According to a Bureau of Labor Statistics report, workers in the Charlotte-Gastonia-Rock Hill Metropolitan Statistical Area had an average hourly wage of 2% above the national average ($23.22 in May of 2014). Although this may seem small, the difference is amplified by the low cost of living.


Denver, Colorado

Denver, Colorado is a gorgeous, relatively quiet city situated in the mountains. Downtown is a short half hour drive to the University of Colorado at Boulder. Many beautiful, smaller towns are in the region, where people can hike with their dogs and families free of charge. According to the Massachusetts Institute of Technology’s Living Wage Calculator, typical annual salaries in Denver for management jobs are $103,690, whereas business and financial operations typically earn a salary of $67,170. The calculated “living wage” that individuals must earn to support themselves working full time was $10.79 as opposed to $14.37 in San Francisco. In addition to high wages and low costs, Colorado offers a high quality of life which continues to attract lovers of nature and adventure. (For related content, see: World Cities With The Highest Quality Of Life.)


Austin, Texas

Dubbed “The Live Music Capital of the World” and the capital of the Lone Star State, Austin has a population growth of about 3%-4%, which is the highest growth rate of metropolitan areas with a population over one million. The knowledge hub of Austin is home to a new wave of workers who vary from “hippy types” to tech-savvy Millennials and corporate employees. The influence of the University of Texas has turned the city into a tech hub with a lively downtown full of theaters, art galleries, and restaurants. According to PayScale, a software engineer in Austin will earn a medium salary of $76,998, and a senior software engineer will earn $106,434.
The Bottom Line

Career mobility rises due to the advent of technology, transportation and communication systems, allowing the U.S. population to move from city to city quite easily. Often, high salaries coincide with a relatively high cost of living. This list of cities highlights a few of the outliers. Cities in the middle of the country, particularly in Texas, place workers in an optimal financial situation. This is due to the net migration, economic boom, and high salary growth rates in these particular hubs. These cities offer a high quality of life due to low prices and decreased financial stresses while providing an opportunity to find a lucrative career. (Read more on the topic, here: The Most Affordable Cities To Live In.)

Read more: 5 U.S. Cities with High Paychecks and a Low Cost of Living | Investopedia visit this link http://www.investopedia.c .. #ixzz4lPI0npRP
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200 comments for "Jun 29 - 5 U.S. Cities with High Paychecks and a Low Cost of Living"

 2 years ago '07        #2
Damagegadget 493 heat pts493
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low cost of living in denver maybe before this green rush...

 2 years ago '06        #3
RAZAH CUTS 6449 heat pts6449
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Denver has a low cost of living?

I live in Denver... it's one of the most expensive cities in America to live in now...

 2 years ago '04        #4
datboy|e 18 heat pts18
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All these people from California moving to Texas...stay yalls a*s out there on the west coast, there is enough people in dallas already

 2 years ago '14        #5
Cuttysark 15 heat pts15
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Las Vegas



No state tax and clean air



Heat can be a bi*ch tho

 2 years ago '14        #6
Aries 97 heat pts97
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 datboy|e said
All these people from California moving to Texas...stay yalls a*s out there on the west coast, there is enough people in dallas already
Make sure ya'll just keep weed illegal and ya'll should be good

 2 years ago '05        #7
th4lb 6 heat pts
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....so move to Texas?

 2 years ago '09        #8
10pointP 
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I live in austin and although they pay well, the cost of living is high. Little 3 bdrm houses start at 300,000. This report is off .

 2 years ago '17        #9
fearlessherojg 
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Don't sleep on Charlotte, NC.

 2 years ago '11        #10
SteffDub 
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My homegirl stay 15 min from Denver paying 1200 a month for a 1 bedroom apt. She say a studio downtown about 2300 lol and I be complaining about this 540 a month for a 1 bedroom smh

 2 years ago '04        #11
Claudinho69 7 heat pts
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prob if you work in those cities and live right outside of it o.0

 2 years ago '16        #12
Negusis 7 heat pts
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 SteffDub said
My homegirl stay 15 min from Denver paying 1200 a month for a 1 bedroom apt. She say a studio downtown about 2300 lol and I be complaining about this 540 a month for a 1 bedroom smh
That price for a 1bedroom would be a deal in DC.

 10pointP said
I live in austin and although they pay well, the cost of living is high. Little 3 bdrm houses start at 300,000. This report is off .
That's not high dude. In DC, a similar house or smaller that would be 700k easy.

 2 years ago '06        #13
new2hiphop 2 heat pts
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in Houston just took my fam out to eat ,this is where you wanna be. Flip big stack yo bread n chill in sugarland.

Shout out to dtown,

 2 years ago '17        #14
Longhorn 213 heat pts213
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Texas won fu*k you northerners

 Damagegadget said
low cost of living in denver maybe before this green rush...
 RAZAH CUTS said
Denver has a low cost of living?

I live in Denver... it's one of the most expensive cities in America to live in now...
I'm new. Can yall explain


Last edited by Longhorn; 06-29-2017 at 06:22 PM..

 2 years ago '16        #15
Soo Special OG 47 heat pts47
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I dont want to live at none of those places

Maybe charlotte

Racist a*s texas? fu*k no

 2 years ago '16        #16
3 bs 37 heat pts37
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 Negusis said
That price for a 1bedroom would be a deal in DC.



That's not high dude. In DC, a similar house or smaller that would be 700k easy.
Yup, I wanna buy a house in Arlington/D.C. then again I don't

 2 years ago '06        #17
datVAkid 44 heat pts44
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 RAZAH CUTS said
Denver has a low cost of living?

I live in Denver... it's one of the most expensive cities in America to live in now...
Come to dc or northern va

 2 years ago '09        #18
10pointP 
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 Negusis said
That price for a 1bedroom would be a deal in DC.



That's not high dude. In DC, a similar house or smaller that would be 700k easy.
DC has the highest median income in the US at 93,000 and a population density thats 3X as large as Austin. So not really a fare comparison.

 2 years ago '15        #19
katurner 92 93 heat pts93
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 datboy|e said
All these people from California moving to Texas...stay yalls a*s out there on the west coast, there is enough people in dallas already
and enough people in miami, atlanta, LA, etc. n*gga stfu you better get down or lay down

 2 years ago '15        #20
katurner 92 93 heat pts93
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 acemaniacstone said
Las Vegas



No state tax and clean air



Heat can be a bi*ch tho
phoenix too, heavily considering moving there, but florida keeps calling me. please don't tell me about the low wages in miami

 2 years ago '15        #21
katurner 92 93 heat pts93
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 fearlessherojg said
Don't sleep on Charlotte, NC.

[video - click to view]


whole last month ain't done sh*t but bump pac (hey!)

 2 years ago '15        #22
katurner 92 93 heat pts93
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 new2hiphop said
in Houston just took my fam out to eat ,this is where you wanna be. Flip big stack yo bread n chill in sugarland.

Shout out to dtown,
how the latinas out there bruh

 2 years ago '15        #23
ChoAssUp 77 heat pts77
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 katurner 92 said
phoenix too, heavily considering moving there, but florida keeps calling me. please don't tell me about the low wages in miami
Dade County welcomes you


[pic - click to view]


 2 years ago '15        #24
katurner 92 93 heat pts93
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 CroquetaJuice said
Dade County welcomes you


[pic - click to view]



the 305 always show me love, how the wages down there in YOUR opinion?

 2 years ago '06        #25
StillFree28 45 heat pts45
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I love Charlotte.

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