Just starting out in your career and wondering which city offers the most bang for your buck? This is great time to consider relocating to a city that maximizes your wealth potential. Starting out early on the right foot can go a long way to securing life-long financial success.
So, where to look? We’ve crafted a lucrative list of top 10 cities based on research completed in the last two years by Forbes, Smart Assets and other top-rated financial analysts. These studies looked for factors of particular interest to young professionals such as healthy employment and unemployment rates, high wages, low housing costs, ample job opportunities, as well as recreation on your days off.
1. Raleigh, North Carolina – a center of research, respectable salaries and mild climate make this a top pick\
2. San Francisco, California – the standard of living is high, but so are salaries and employment opportunities, especially for young professionals
3. Seattle, Washington – higher than average housing is offset by attractive wages and no income tax
4. Nashville, Tennessee – a healthy tourism industry translates to plenty of jobs, as well as a thriving music scene
5. Los Angeles, California – if sunshine and beaches are your thing, you’ll be thrilled to know this is a relatively affordable city in California with a large population and all of the opportunities that come with it
6. Madison, Wisconsin – according to Forbes, this is most affordable city in the U.S. right now
7. Austin, Texas – while housing might be higher than others in our list, salaries are reasonable and the city is a trendy hub for creative young professionals
8. Boston, Massachusetts – high housing costs, but the job market here is hot (even during the chilly months!)
9. Portland, Maine – a higher than average standard of living, but one of the lowest on the east coast, is paired with the most restaurants per capita in the U.S. and a strong entrepreneur scene
10. Kansas City, Kansas – low rents allow for better housing options and more left over for entertainment and building a nest egg
If you’ve got a little time to plan ahead, do some research and find a city that is attractive financially and puts a smile on your face, even during your commute.