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Old 07-10-2012, 08:06 PM
 
1,017 posts, read 1,299,666 times
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1. Houston, TX
2. San Jose, CA
3. Detroit, MI
4. Memphis, TN
5. Dallas, TX
6. Charlotte, NC
7. Cincinnati, OH
8. Austin, TX
9. Seattle, WA
10. Columbus, OH

Cities where paychecks stretch the furthest - Yahoo! Homes

Methodology - Joel Kotkin - Forbes
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Old 07-10-2012, 08:22 PM
 
4,249 posts, read 3,452,191 times
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San Jose and Seattle have high cost of living.
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Old 07-11-2012, 04:18 AM
 
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It also for the 51 biggest metros in the country. For instance, the area I live in has an annual pay average just $1000 less than Charlotte and with a similar, if not lower overall cost of living. So, if that list went up to top 100 metros, the list is probably different than this one is.
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Old 07-11-2012, 07:54 AM
 
Location: DC Suburbs of Maryland (by way of PA)
3,216 posts, read 4,540,385 times
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This is also based on average -- not median -- pay. I'd be much more interested in seeing how these metros stack up based on median pay, since some metros' average pay is inflated by small populations of very highly paid executives.
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Old 07-11-2012, 09:05 AM
 
Location: Cleveland
5,017 posts, read 4,116,387 times
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I do not believe that Seattle makes this list AT ALL, specifically because the housing is easily 2X what it is in the other cities listed. I realize that only adds maybe 15% to your total monthly cost of living via your mortgage/rent, and Seattle has a very high median household income, but everything else there is expensive too (i.e. not "affordable").

This list lost a lot of credibility!
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Old 07-11-2012, 09:17 AM
 
Location: Jefferson City 4 days a week, St. Louis 3 days a week
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IMO, St. Louis and Cleveland are both pretty decent. The cost of living is pretty low and the salaries are reasonable.

However, in terms of really good deals, Texas can really make the list, especially if you're a pharmacist, accountant, etc. You get paid a pretty high salary while not paying much at all for living. Last time I checked, Texas was extremely cheap to live in.
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Old 07-11-2012, 10:24 AM
 
Location: Cleveland
5,017 posts, read 4,116,387 times
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Quote:
Originally Posted by stlouisan View Post
IMO, St. Louis and Cleveland are both pretty decent. The cost of living is pretty low and the salaries are reasonable.

However, in terms of really good deals, Texas can really make the list, especially if you're a pharmacist, accountant, etc. You get paid a pretty high salary while not paying much at all for living. Last time I checked, Texas was extremely cheap to live in.
Yep, although the "secret is out", so to speak, and I think either COL will increase or salaries will decrease (overabundance of supply -- people with resumes), or both, as market forces continue to change.
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Old 07-11-2012, 10:46 AM
 
Location: Newark, Ca
1,522 posts, read 2,409,446 times
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Quote:
Originally Posted by jacobwilliam77 View Post
1. Houston, TX
2. San Jose, CA
3. Detroit, MI
4. Memphis, TN
5. Dallas, TX
6. Charlotte, NC
7. Cincinnati, OH
8. Austin, TX
9. Seattle, WA
10. Columbus, OH

Cities where paychecks stretch the furthest - Yahoo! Homes

Methodology - Joel Kotkin - Forbes

The fact that San Jose and Seattle are on this list means that the article's credibility is practically non-existent. This is a joke. I can understand the other cities, but San Jose and Seattle (despite being high income areas) have among the country's highest cost of living and the high incomes only somewhat compensate for that.
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Old 07-11-2012, 04:09 PM
 
Location: Sacramento
9,246 posts, read 6,501,461 times
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San Jose average annual wage $92,000. That does a lot of adjusting considering most of the list is around $50k. Also, San Jose isn't really all that desirable, it's the crappy part of the South Bay. It's not like Mountain View or worse yet Palo Alto where the only thing you can find under a million is little shacks best suited for being torn down.
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Old 07-11-2012, 05:21 PM
 
Location: Back in the PNW where I belong! See ya SoCal
1,344 posts, read 1,358,617 times
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Houston? Are you kidding me? When I lived there as a child, my dad ended up going to California for a better job because he couldn't find anything decent in Texas (computer programmer btw). Mum and I stayed in Texas until we could afford a house in California though. This was only 5-10 years ago mind you, I'd be surprised if things have really changed THAT much.
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