Top Cities Where You Can Live Making Under $50K!

Not everyone in the country makes a lot of money, and that can make it tough to find a place where it’s affordable to live, but, according to a new report, there are 20 cities in the country where folks who make under $50K can live comfortably.

GoBankingRates looked at the living expenses in 270 of the largest U.S. Cities, and using the 50-30-20 rule (50% of budget goes to necessities, 30% discretionary items and 20% for savings), they determined the cities where $50K goes the furthest.

As you can imagine, big cities like New York and San Francisco aren't anywhere near this list, and if you are making only $50K the best place to live is apparently Memphis, Tennessee, where rent and utilities are so low it saves folks 26,000 a year. In fact, a person making $50K will wind up with $25,978 after deducting expenses.

Top 10 Cities Where $50K Goes The Furthest

(click hereto see all 20)

  • Memphis, TN
  • El Paso, TX
  • Toledo, OH
  • Cleveland, OH
  • Tulsa, OK
  • Wichita, KS
  • Chandler, AZ
  • St. Louis, MO
  • Lubbock, TX
  • Fort Wayne, IN

Source:GoBankingRates

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