A study shows Phoenix and Tempe are 2 of the most affordable cities in which to work and live. Residents of Phoenix have an average of 81% of their salary leftover after rent and Tempe residents have an average of 79% left.
Many factors determine where people settle down but having the opportunity to live your best life is at the top of the list.
In a rapidly changing economy – new industries are thriving in new locations – and many cities and states are becoming attractive destinations based on financial opportunity and cost of living.
BusinessStudent.com – factoring in average salary and rent in each city nationwide – released The 25 Most Affordable Cities to Live and Work.
Here were some of the national findings:
• The average income left after rent in the top 25 cities is 81 percent.
• Texas had five cities in the top 25.
• The Midwest placed eight cities on our list, including three in Ohio alone.
• Oklahoma boasts two of the top three cities, including the overall No. 1.
• Dallas had the highest average salary in the top 25 at $82,609, while its Texas neighbor, College Station, had the lowest average salary at just $55,086.
• The cheapest average monthly rent was $863 in Tulsa, while the highest average rent was Dallas’ $1,422.
