Best Places to Build Wealth
If you’d like to build a nest egg with your paycheck, it may be time to give up New York and head for Plano, Texas. I read this on Yahoo! Financial section and thought I should share it.
A survey by pay experts at Salary.com evaluated 69 cities with more than 250,000 people and ranked the Big Apple last. Plano came in first among American cities in which to build personal wealth.
The survey, based on census data and Salary.com analysis, focused on local salaries, the cost of living and unemployment. Secondary factors, such as diversity of the local economy, residents’ education, percentage of population below poverty level and commute time were also measured.
According to the survey, the top five cities are home to some of the nation’s largest companies and have recorded strong periods of growth. Following first-place Plano came Aurora, Colo., Omaha, Neb., Minneapolis and Albuquerque N.M.
New York’s diverse economy and highly-educated residents couldn’t save it from sinking to the bottom due to its high cost of living and paychecks that just aren’t “inflated” enough to make up the difference, the report stated.
Looks like I’m in the right place… so far!
Hello Jacy! I like the state of Minnesota too. but my husband doesnt like to live in the big city, he rather wants to live in the country area where its peaceful and quiet. He hates traffic and the crowd… I think we will move again in a country area pretty soon.
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I also don’t want to be around the city. like Winn, I hate traffic and love nature instead. Currently, we are within the metro area. But we are looking for a place on the suburbs.
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yeah, correct! I hate traffics too Jacy… I think living in suburbs are much better rather than living in the big city. As for me, I can be anywhere but as long as the modern technologies are at reach, hehehe
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i agree with you Haze. i can in fact give up modern tech as long as my family is around me. but since they aren’t, i need these gadgets to keep in touch with them.
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