Cost of living is like your cat in a neighbor's tree. 🐱🌳 It ain't coming down anytime soon. At least not without some major intervention! Don't call the fire department. 🆘
Many US cities are beyond expensive and getting more costly by the day. However, that's not the case everywhere. Lucky for you, there are several places to settle down and set up shop without sacrificing your first born. 👶
Here’s Five Fast Facts on livin' comfortably in the USA:
- 💰 Is It Net Worth It? - A new analysis came up with the net worth needed for cozy living in 13 American cities. San Francisco came in at number one at $1.7 million. Last on the list is Houston at just over $600,000.
- 🏙️ Big City Premiums - If these amounts seem unreasonable, you're not going cray-cray. While the amounts on this list are high, keep in mind that most American cities have a relatively high cost of living compared to suburban and rural areas. In many big cities, the cost of living is 50% or more above the national average.
- 💎 Not-So-Hidden Gems - Obviously, big bougie cities aren't the only places to live comfortably. There are plenty of other US locations to call home without breaking the bank. According to this list, major metro areas like Chattanooga, TN, Kansas City, MO, and Columbus, OH have a total annual cost of living of under $30K.
- 🛒 Spend, Save, Repeat - Using the 50/30/20 rule can help you budget your way to a comfy lifestyle. According to this method, 50% of your paycheck should go towards necessities like housing, utilities, and groceries, 30% towards non-essential items (i.e. vacations and treats), and 20% to savings.
- 🤓 Let's Get Nerdy - Want to know what a living wage is in your specific area? Pop your state, city, or metro area into this nifty little calculator.
🔥Bottom line: Whether you're a city slicker, suburban sweetie, or king of the country, smart budgeting helps your paycheck go the extra mile. Check out this article to see how your fellow Americans are shopping smart. Got sky-high utility bills? Head here to learn how to cope.
Are you getting paid enough to live comfortably?
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