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According to the U.S. Census Bureau, the median household income in the U.S. was $61,937 in 2018. What kind of life does this afford the average American? The answer depends on a variety of factors, such as spending and saving habits, as well as the cost of living. In addressing the cost of living factor, SmartAsset released a report listing the best cities to live in the country with an income of $60,000.
A new study by GOBankingRates looks at the most and least affordable U.S. metro cities to live in by evaluating government and industry data. To determine this list, researchers looked at how much money one would need to cover basic necessities, such as housing, health care, groceries, utilities and transportation.
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