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The U.S. Cities With the Most Leftover to Spend … After Paying for Housing

December 24, 2011 Comments off

The U.S. Cities With the Most Leftover to Spend … After Paying for Housing
Source: The Atlantic

With just a few exceptions, the places at the top of this list have among the most expensive housing in the country. But average wages and salaries are substantially higher, enabling them to more than compensate.

Topping the list is the San Jose metro area, where the average resident has nearly $4,000 a month ($3,901)—or $46,812 per year—left over after paying for housing. Durham, North Carolina (with $3,513 per month), is next followed by greater Washington, D.C. ($3,431), and greater San Francisco ($3,342). Pricey metros such as New York, Boston, Seattle, Philadelphia, and Denver also number among the top 25.

College towns like Boulder, Corvallis, Ann Arbor, Champaign-Urbana, and Ithaca also do quite well, although it’s worth noting that one college town, State College, Pa., is near the very bottom of the list.

Then, there are some surprises. People in greater Detroit, Pittsburgh, Milwaukee, Syracuse, Buffalo, and Rochester have a substantial amount of money left over after their housing is paid for; more than their counterparts in San Diego or Raleigh.

Categories: Atlantic, business and economics, housing and real estate, labor, lists and rankings
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