Economy | The top ten American cities with high income and low costs, Phoenix ranks fourth

Economy | The top ten American cities with high income and low costs, Phoenix ranks fourth Choosing the ideal place to live can be difficult. Most of the time, many people seem to have to...

Choosing the ideal place to live can be difficult. Most of the time, many people seem to have to choose between areas with lower living costs or high-paying jobs.

But now many cities don’t need to consider it, because personal finance websites have already analyzed it to find places with high salaries and low living costs.

uses data from the well-known real estate website Zillow, global city data website Numbeo, and the Federal Census Bureau to compare the average annual income and average monthly expenses of each place to arrive at the results. Expenses considered include median rent, prices of grains, oils and groceries, and utility bills.

Southern and Midwestern cities, such as Dallas and Omaha, dominate the list. Oklahoma City tops the list because its average annual income is $72,385 and its estimated annual expenses are $18,701, leaving $53,000 a year for storage, investment and entertainment.

The following 10 places offer high-paying careers and lower living expenses, allowing people to save more income for the future:

Oklahoma City, Oklahoma

Average annual income: $72,385 Median monthly rent: $1,070 Annual necessities expenses: $18,701

02

Kansas City, Missouri Average annual income: $69,301 Median monthly rent: $1,092 Annual necessities expenses: $19,756

03

Lexington, Kentucky Average annual income: $77,827 Median monthly rent: $1,215 Annual necessities expenses: $20,535

04

Phoenix, Arizona

Average annual income: $73,135 Median monthly rent: $1,296 Annual necessities: $21,412

05

Durham, North Carolina Average annual income: $74,401 Median monthly rent: $1,341 Annual necessities expenses: $21,625

06

Omaha, Nebraska Average annual income: $74,125 Median monthly rent: $1,324 Annual necessities expenses: $21,779

07

Bakersfield, California Average annual income: $76,673 Median monthly rent: $1,353 Annual necessities expenses: $22,632

08

Tempa, Florida Average annual income: $80,121 Median monthly rent: $1,344 Annual necessities expenses: $23,035

09

Dallas, Texas Average annual income: $76,726 Median monthly rent: $1,445 Annual necessities expenses: $23,057

10

Charlotte, North Carolina Average annual income: $86,922 Median monthly rent: $1,344 Annual necessities expenses: $23,249