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I may have phrased that slightly incorrectly but in your opinion, where is the standard of living the best for growing your net worth once you factor in jobs, climate, schools, etc.
I may have phrased that slightly incorrectly but in your opinion, where is the standard of living the best for growing your net worth once you factor in jobs, climate, schools, etc.
What say you?
Depends on career. If you're going into computer engineering, for example, Silicon Valley has lots of opportunities, while if you are into oil drilling you'd want to "follow the drilling sites". No blanket statement would be appropriate on that matter.
Low cost of living city while making a lot. Places like St. Louis, KC, Dallas, Austin, etc. are really starting to get a big tech scene (which tends to pay more) yet they are in reasonable areas as far as cost of living is concerned.
There is no such thing as a free lunch. If you want to live in a dump, you can do that on the cheap. If you want to live in a place with good jobs, climate, schools, culture, and other such amenities, you will have to pay for them. The price will be at least what others looking for the very same things are willing to pay for them.
And as noted above, the famous states with no state income tax all get their money from somewhere. If you want to make your fixed retirement income go farther, what you need to look for instead are the states that don't spend money on anything. Lousy schools, lousy roads, no parks, no culture. Those will be your ideal destinations. Or not.
They do nickel and dime you in other areas to compensate. Just ask a Florida resident.
Alaska that may not apply, but let's be real, who the heck wants to live in Alaska? Yuck
Lived in Florida for 5 years during grad school. Just stay off the highways and you are good. They also don't have taxes on food (grocery stores). That may be where I retire being as my wife's family is there and they have a brand new place on the water all ready to be left to us
Depends on career. If you're going into computer engineering, for example, Silicon Valley has lots of opportunities
Opportunities are high, but so is rent and demand for performance. Once all is accounted for, you'll basically will be living in a tiny place, working 10 hour days, with real wages about the same as most other large cities.
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