Top 10 Cities with Low Cost of Living and High Incomes

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Summary: Consider these cities that have high paying jobs but a low cost of living to maximize your ability to save money for the fun stuff.

If you had the option to relocate anywhere, wouldn’t you want to live somewhere with a low cost of living but a high salary? The idea of being able to make a lot of money and spend very little of it on necessary bills like housing, food, and utilities is one that no one would want to turn down. GOBankingRates put together a list of places where you can get just that.

  

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GOBankingRates went over data for average annual income and average monthly living expenses across the country. They compared those numbers to the average rent prices, utility, and grocery bills from sources like Zillow, the U.S. Census Bureau and Numbeo.

According to an article on CNBC, the South and Midwest dominated the list in large part because of the low cost of living attracting top companies proving high paying jobs. The list does not consider other factors like crime rates, taxes, education, and overall satisfaction.

1. Oklahoma City, Oklahoma

Average annual income: $72,385

Cost of annual bills: $18,701

Median monthly rent: $1,070

2. Kansas City, Missouri

Average annual income: $69,301

Cost of annual bills: $19,756

Median monthly rent: $1,092

3. Lexington, Kentucky

Average annual income: $77,827

Cost of annual bills: $20,535

Median monthly rent: $1,215

4. Phoenix, Arizona

Average annual income: $73,135

Cost of annual bills: $21,412

Median monthly rent: $1,296

5. Durham, North Carolina

Average annual income: $74,401

Cost of annual bills: $21,625

Median monthly rent: $1,341

6. Omaha, Nebraska

Average annual income: $74,125

Cost of annual bills: $21,779

Median monthly rent: $1,324

7. Bakersfield, California

Average annual income: $76,673

Cost of annual bills: $22,632

Median monthly rent: $1,353

8. Tampa, Florida

Average annual income: $80,121

Cost of annual bills: $23,035

Median monthly rent: $1,344

9. Dallas, Texas

Average annual income: $76,726

Cost of annual bills: $23,057

Median monthly rent: $1,445

10. Charlotte, North Carolina

Average annual income: $86,922

Cost of annual bills: $23,249

Median monthly rent: $1,344

Would you consider any of these cities to live in? Share your thoughts with us in the comments below.

To learn more about top cities, read these articles:

• Top 10 Cities with Great Quality of Life and Law Firm Presence
• Top 25 Cities for Law School Graduates
• Top 10 Divorce Capitals in the United States

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