The 10 best places to live in the US if you want to save money
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The city you choose to live in can have a major impact on your finances.
Large cities like San Francisco, New York and Los Angeles have become unaffordable for many residents, and some have chosen to relocate in search of economic stability, home ownership and a less expensive lifestyle.
So just where are the best places to live if you want to save some cash — and which cities are the worst for your wallet? GOBankingRates conducted a survey of the best and worst cities for saving money, based off the factors that affect your finances the most: sales tax, median home and condo value, median monthly rent, median income, unemployment rates and gas prices.
If you are thinking about making a move to improve your financial future, check out our list of the top 10 cities for saving money.
Wikimedia Commons10. Corpus Christi, TX
• Population: 316,381
• Sales tax: 8.25%
• Median house/condo value: $113,900
• Median monthly rent: $840
• Median income: $49,336
• Unemployment: 4.9%
• Gas: $1.83 a gallon
Corpus Christi is the final Texas town on our list. The sales tax is fairly high, but the unemployment rate is low, and the median rent, home values and income will have you “living in high cotton.” The city is also near popular travel destinations like Padre Island, Mustang Island and King Ranch -- one of the largest ranches in the world.
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9. Arlington, TX
• Population: 379,577
• Sales tax: 8%
• Median house/condo value: $129,100
• Median monthly rent: $814
• Median income: $51,285
• Unemployment: 5%
• Gas: $1.87 a gallon
Arlington is one of two Texas cities that made our list of best cities for saving money. The city dropped two places from last year's GOBankingRates study, where it was ranked the No. 7 best city for saving money. Nestled between Dallas and Fort Worth, this city offers low housing prices coupled with a relatively high median income. In fact, Forbes named Arlington as one of the best places to buy a home in 2014, and WalletHub listed it as the fourth best city to find a job.
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8. Fort Wayne, IN
• Population: 256,496
• Sales tax: 7%
• Median house/condo value: $98,900
• Median monthly rent: $634
• Median income: $42,540
• Unemployment: 6%
• Gas: $2.04 a gallon
Fort Wayne is just one of the many midwestern locations that made our list of best cities to save money. The Indiana Business Research Center says Fort Wayne saw a significant population increase between 2010 and 2013.
Maybe it’s the insanely low cost of living, historic architecture, family-friendly festivals and activities, or perhaps people are finally catching onto the fact Fort Wayne is home to the famous BBQ RibFest, an annual event that draws BBQ masters and fanatics from across the country.
See the rest of the story at Business Insider