A new study from Indeed looked into the cost of living and salary numbers for 104 cities with a metropolitan population of at least 500,000 across the United States. Their rankings didn’t determine which city was the cheapest to live in or which city paid the best, but which combined these two factors perfectly to give its residents the most bang for their buck.
Generally speaking, the study found that the larger the city, the higher the cost of living. The exception to the rule was found in paradise; Honolulu was ranked the single hardest city to make ends meat. Residents of Honolulu had impressive average salaries ($74,553), but also fairly high costs of living ($59,882).
The top bang for your buck metro areas were as follows: Birmingham-Hoover Alabama ($76,886 average salary, $86,196 adjusted salary), Jackson, Mississippi ($76,666, $84,995), Fresno, California ($82,236, $84,604), St. Louis, Missouri ($76,567, $84,511), and El Paso, Texas ($75,457, $84,498).
Looking for other ways to compare your cost of living? This is how far $100 goes in each state.
[Source: CBS News]