*LIST* The Cities Where You Can Live Comfortably On $50K A Year

  • GoBankingRates looked at the living expenses in 270 of the largest U.S. cities to determine the best cities to live in for those making less than $50K
  • Using the 50-30-20 rule (50% of budget goes to necessities, 30% discretionary items and 20% for savings), they found that there are only 20 cities in the U.S. where folks can live comfortably on $50K
  • Memphis, Tennessee is the city where $50K goes the furthest with folks left with $25,978 after deducting expenses 

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)

  1. Memphis, TN
  2. El Paso, TX
  3. Toledo, OH
  4. Cleveland, OH
  5. Tulsa, OK
  6. Wichita, KS
  7. Chandler, AZ
  8. St. Louis, MO
  9. Lubbock, TX
  10. Fort Wayne, IN

Source:GoBankingRates

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