It s all about the cost of living ratio which takes the average salary and divides it by the average home value. Posted by 5 years ago.
Ratio Of Average Top 1 Income To Average Bottom 99 Income By Us State Inequality Map Economic Analysis
Harlingen texas is the metropolitan area with the lowest cost of living.
Best salary to cost of living ratio. Detroit for example has a median home value of 123 100 and a median income of 61 500. If a place has a cost of living index of 135 then it is 35 more expensive to live there than the national average. The best cities to live in typically have two things in common.
Cost of living index. There are no countries with high wages and low absolute costs of living. Cities with highest salary to lowest cost of living ratio.
Glassdoor s top 25 cities where pay goes furthest report is determined by ranking cities according to each city s cost of living ratio determined by the ratio of median annual base salary to median metro home value. The biggest factor in cost of living is housing costs buying a house or apartment or renting one. A sizable fraction of the cost of living goes directly or indirectly towards paying for the wages of other people in your own country so if they have high wages costs of li.
What are everyone s opinions on cities that have good opportunities for software engineers but also reasonable cost of living. This website indexes all sorts of user expenses in many countries. In denver colorado utilities.
Based on their livability taking into account the median home rent groceries utilities and transportation to ultimately determine the average monthly living expense for that area. Cities with highest salary to lowest cost of living ratio. Which city msa has best salary cost of living ratio general u s 20 replies would you live in a major city if the cost of living were as low as a texan city general u s 15 replies what is the cost of living in your city town general u s 31 replies city with low cost of living for young engineer general u s 3 replies.
As kolko notes the very large metro more than 5 million people offering the highest adjusted salary is atlanta. Kalamazoo michigan and huntsville alabama have the best salary to cost of living ratio. In the last column you find the cost of living index taken from numbeo.
Gobankingrates analyzed and ranked 270 cities in the u s. If a place has a cost of living index of 85 then it is 15 cheaper than the average for the entire country. The index basically means that if something cost 100 on average then the indexation tells you what that same item will cost on average in the respective country.
A low cost of living and high salaries. At 70 600 that salary is still considerably less than in toledo canton or detroit.
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