Search
National Consumer News

10 cities where you can live large on a $60,000 salary or less

SHARE THIS STORY

Mike Timmermann, clarkhoward.com

You work hard for your money, but have you ever thought about how where you live impacts your quality of life? Location really does make a difference.

Now, the folks at Glassdoor have ranked the cities where your paycheck goes the furthest.

10 cities where you can live well making $60K

Glassdoor came up with a cost of living ratio by comparing a city’s median base salary to its median home value. After all, housing is the average American’s biggest expense.

“Though there are certainly other financial factors to consider when taking into account total cost of living, this data reinforces that pay typically goes further in mid-sized cities versus big metropolitan areas where there is often tighter competition for housing,” said Dr. Andrew Chamberlain, Glassdoor’s chief economist.

As you scroll through the list, you won’t see some of America’s biggest cities: Boston, New York and San Francisco. Even with greater median salaries in those cities, residents are weighed down by high housing costs.

Take a look at these 10 cities where Glassdoor says you can have a good quality of life with a base salary of about $60,000 or less:

 10. Louisville, Kentucky

10 cities where you can live large on a $60,000 salary or less

  • Cost of living ratio: 39%
  • Median base salary: $54,000
  • Median home value: $137,500
  • Number of open jobs: 22,693

 9. Kansas City, Missouri

10 cities where you can live large on a $60,000 salary or less

  • Cost of living ratio: 39%
  • Median base salary: $58,000
  • Median home value: $147,500
  • Number of open jobs: 35,639

 8. Birmingham, Alabama

10 cities where you can live large on a $60,000 salary or less

  • Cost of living ratio: 40%
  • Median base salary: $50,800
  • Median home value: $128,000
  • Number of open jobs: 15,299

 7. Cincinnati, Ohio

10 cities where you can live large on a $60,000 salary or less

  • Cost of living ratio: 40%
  • Median base salary: $57,179
  • Median home value: $143,400
  • Number of open jobs: 32,605

6. St. Louis, Missouri

10 cities where you can live large on a $60,000 salary or less

  • Cost of living ratio: 40%
  • Median base salary: $56,896
  • Median home value: $141,900
  • Number of open jobs: 35,300

 5. Indianapolis, Indiana

10 cities where you can live large on a $60,000 salary or less

  • Cost of living ratio: 43%
  • Median base salary: $56,000
  • Median home value: $130,200
  • Number of open jobs: 33,090

 4. Cleveland, Ohio

10 cities where you can live large on a $60,000 salary or less

  • Cost of living ratio: 44%
  • Median base salary: $55,000
  • Median home value: $125,500
  • Number of open jobs: 29,304

3. Pittsburgh, Pennsylvania

10 cities where you can live large on a $60,000 salary or less

  • Cost of living ratio: 45%
  • Median base salary: $56,896
  • Median home value: $126,700
  • Number of open jobs: 46,379

2. Memphis, Tennessee

10 cities where you can live large on a $60,000 salary or less

  • Cost of living ratio: 46%
  • Median base salary: $52,000
  • Median home value: $112,100
  • Number of open jobs: 17,982

1. Detroit, Michigan

10 cities where you can live large on a $60,000 salary or less

  • Cost of living ratio: 50%
  • Median base salary: $61,500
  • Median home value: $123,100
  • Number of open jobs: 54,808

Cities including Atlanta, Dallas, Chicago, Tampa, Minneapolis and Raleigh didn’t make the top 10, but they did make Glassdoor’s top 25 list, which you can find here.

For more information follow this link, clarkhoward.com

Share on Facebook
Share on Twitter
Share
Share