When it comes to saving money, where you live matters. We found 10 cities with affordable housing and above-average salaries for 18-to-34-year-olds. We studied cities across the United States to find the ideal combination of modest expenses and decent salaries. In other words, we looked for locations where you can earn and save at the same time.
So, where are young people making more money and also keeping more of it? Here are the top 10 cities in America to build wealth.
10. Kansas City, MO
- Metro population: 1,552,939
- Median income (with a bachelor’s or higher): $50,853
- Young people making > $35,000/yr: 46 percent
- Median rent: $851/mo
The metro area (which also includes Kansas City, Kansas) has a median age of 32 and a cost of living that’s 15 percent lower than the US average, according to Sperling’s Best Places.
It’s also a great place to find work, as it has the third best job market in the US, according to a study by Headlight Data. Job opportunities abound in health care, banking, and software development (where the average annual wage is $89,000).
- Unemployment rate, bachelor’s degree or higher: 2.4 percent
- Macho muncho: Kansas City ranked number nine among “America’s Manliest Cities” in a 2009 study commissioned by COMBOS snacks. Criteria included the number of full-sized pickup trucks and — of course — consumption of salty snacks.