Detroit has the highest unemployment rate, the lowest average credit score and the fifth -
lowest median annual income.
Not exact matches
The majority of the best cities were located in the Midwest and east of the U.S. Carbondale, Illinois, came in second and also has the
lowest labor costs with a
median annual income of $ 17,764.
Entrepreneurs are also attracted by the local economy of Troy, where the
median annual income of $ 72,333 is complemented by a
median housing cost of $ 1,366 a month, which means a resident would plan for about 22.2 % of
income for housing, the second -
lowest proportion in the top 10 cities.
A
median annual income of $ 111,281 is among the highest in the U.S., and a local unemployment rate of 2.7 % is the
lowest in the top 10, according to the 2013 American Community Survey.
Based on a
median income of $ 54,570, a 20 percent
annual savings contribution would be $ 910, which is significant when the cost of living is so
low: $ 51,580 per year.
Kentucky has one of the
lowest median incomes in the country, but it also has a below - average cost of living, with estimated
annual expenditures of $ 53,700.
In fact, out of the all the «fields» accounted for in the census, the «Education» field has the
lowest annual median income by at least $ 5,000 (United States Census Bureau).
Besides being the safest city on our list, housing costs in Holly Springs are the
lowest in relation to the
median annual income.
The
median annual household
income — which is the number between highest and
lowest — in the U.S. is $ 57,617, according to the most recent Census Bureau data.
With these overall
low costs, Iowa households can stretch their budgets further, even though the
median annual income of $ 53,364 is just above the national
median of $ 52,047.