25 Cities With the Best Cost-of-Living Ratio, According to Glassdoor

by Robby Berman on Nov 11, 2016 11:00:00 AM

cost of living

Sometimes it seems like the earnings system is rigged: if an area has high salaries, the cost of living is exorbitant. Low cost of living? No work. It mostly does all balance out, but career site Glassdoor recently crunched the data and published a list of the 25 American cities where your earnings will go the farthest. If you’re thinking of relocating, have a look.

It’s all about the cost-of-living ratio, which takes the average salary and divides it by the average home value. Detroit, for example, has a median home value of $123,100 and a median income of $61,500. So 61,500 divided by 123,100 equals 50%, the area’s cost of living ratio. Put another way, the cost of living ratio shows what percent of an average home’s value an average worker earns each year.

 

01. Detroit, MI

  • Cost of Living Ratio: 50%
  • Median Base Salary: $61,500

 

02. Memphis, TN

  • Cost of Living Ratio: 46%
  • Median Base Salary: $52,000

 

03. Pittsburgh, PA

PittsburghSOURCE: giphy.com

  • Cost of Living Ratio: 45%
  • Median Base Salary: $56,896

 

04. Cleveland, OH

  • Cost of Living Ratio: 44%
  • Median Base Salary: $55,000

 

05. Indianapolis, IN

  • Cost of Living Ratio: 43%
  • Median Base Salary: $56,000

 

06. St. Louis, MO

St. LouisSOURCE: giphy.com

  • Cost of Living Ratio: 40%
  • Median Base Salary: $56,896

 

07. Cincinnati, OH

  • Cost of Living Ratio: 40%
  • Median Base Salary: $57,179

 

08. Birmingham, AL

  • Cost of Living Ratio: 40%
  • Median Base Salary: $50,800

 

09. Kansas City, MO

  • Cost of Living Ratio: 39%
  • Median Base Salary: $58,000

 

10. Louisville, KY

  • Cost of Living Ratio: 39%
  • Median Base Salary: $54,000

 

11. Buffalo, NY

  • Cost of Living Ratio: 39%
  • Median Base Salary: $50,000

 

12. Houston, TX

HoustonSOURCE: giphy.com

  • Cost of Living Ratio: 38%
  • Median Base Salary: $65,000

 

13. Oklahoma City, OK

  • Cost of Living Ratio: 38%
  • Median Base Salary: $50,000

 

14. Columbus, OH

  • Cost of Living Ratio: 37%
  • Median Base Salary: $57,000

 

15. Atlanta, GA

  • Cost of Living Ratio: 37%
  • Median Base Salary: $60,000

 

16. San Antonio, TX

  • Cost of Living Ratio: 37%
  • Median Base Salary: $55,000

 

17. Charlotte, NC

  • Cost of Living Ratio: 36%
  • Median Base Salary: $58,000

 

18. Dallas-Fort Worth, TX

  • Cost of Living Ratio: 33%
  • Median Base Salary: $61,000

 

19. Chicago, IL

  • Cost of Living Ratio: 33%
  • Median Base Salary: $63,000

 

20. Tampa, FL

TampaSOURCE: giphy.com

  • Cost of Living Ratio: 32%
  • Median Base Salary: $52,000

 

21. Hartford, CT

  • Cost of Living Ratio: 32%
  • Median Base Salary: $68,000

 

22. Richmond, VA

  • Cost of Living Ratio: 31%
  • Median Base Salary: $59,800

 

23. Jacksonville, FL

  • Cost of Living Ratio: 30%
  • Median Base Salary: $50,000

 

24. Minneapolis-St. Paul, MN

  • Cost of Living Ratio: 30%
  • Median Base Salary: $65,000

 

25. Raleigh, NC

  • Cost of Living Ratio: 30%
  • Median Base Salary: $62,000

Of course, there are plenty of other reasons to live somewhere other than its cost of living ratio. A location’s climate, its proximity to your family, the local lifestyle, and the area’s culture are all common reasons to prefer one place over another.

This list tells you the dollars-and-cents story, though. For more details, check out Glassdoor’s list, which also includes job listings in each city.

 

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This post was written by Robby Berman

Robby Berman is a father, writer, and musician who creates and discovers good stuff for select digital media outlets.

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