The 25 Best Cities For Making Your Cash Go The Furthest
It’s hard teaching your kid the value of a dollar, let alone how that changes when you go on vacation or relocate. Odds are, you haven’t done all the math on this either, and depending on what city you live in, perhaps you should. Or you could consult with your buddies and Glassdoor who have ranked the cities that will give you the most for your money. Hint: Number one has Robocop and he’s rolling in it.
Yes, according to the employment listing’s calculations Detroit, Michigan is the city where your funds will go the furthest, and you don’t have to spend it all at Ford Field (Calvin Johnson doesn’t hang out there anymore anyways). Based on relatively simple methodology, Glassdoor divided the median base salary in each city by the median home value in order to determine their “cost of living ratio,” which at its best was 50 percent. (Being able to buy a house the for $500 helps.) Memphis, Pittsburgh, Cleveland, and Indianapolis round out the top 5, with ratios of 46 percent, 45 percent, 44 percent, and 43 percent — a countdown your kid can even follow. New York City, Boston, and San Francisco understandably did not crack the top 25, due to the high housing costs bringing down their cost of living ratio to 18 percent, 17 percent, and 11 percent, respectively.
The full report (available here) shows that “where you live and how much you earn are directly tied to one another,” as Dr. Andrew Chamberlain, Glassdoor Chief Economist, explained. If you’re thinking of making a big change in regards to that, those sneaky bastards also included the number of open jobs in that city, where Detroit also dominates with 54,808 open positions. Clearly, raising your kid in the same place that raised the Insane Clown Posse is as much as a bargain as it should be.