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Houston Ranks Among Best Cities for High Salaries, Low Costs of Living
November 6th, 2019
By Melissa Fox

In a recent analysis by the personal finance website The Ascent, Houston ranks as one of the top ten cities in the U.S. when it comes to providing both a low cost of living and a high salary average.

To determine which metro areas in the U.S. offer the best of both worlds, The Ascent, a subsidiary of The Motley Fool, divided the Council for Community and Economic Research's most recent Cost of Living Index (COLI) by the mean annual wage data from the Bureau of Labor Statistics for more than 200 metropolitan areas. 

Houston ranked No. 6 on the list with a COLI of 94.5 and a mean annual salary of $54,290, giving Houston a salary to cost-of-living ratio of 574.5.  

The analysis also found that all of the areas ranked also have a below-average cost of living. "You won't find any expensive cities with disproportionately high salaries–these are cheaper places to live that pay relatively high salaries, on average," said Matt Frankel, CFP, a personal finance writer and contributor for The Ascent.

All of the regions listed are 16% to 26% more affordable than the average U.S. metro area. 

Learn more about living and working in Houston and get more details on the Cost of Living

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