Best City To Make Money In Usa
The 20 best places to live in America if you want to make a lot of money
Finding a great job that comes with a significant salary boost is one of the top reasons to move to a new city.
In its recently released ranking of the best places to live in America, U.S. News & World Report gathered data on the 100 most populous US cities. Among the factors it considered were affordable housing, a low cost of living, good schools, quality healthcare, and access to well-paying jobs. You can read U.S. News' full methodology here.
Business Insider reranked these cities based on median annual salary to find the 20 where residents earn the most. They don't all rank highly on U.S. News' overall list, given higher costs of living and other factors, so we've included each city's overall ranking for comparison's sake. For instance, Chicago ranks at No. 20 in terms of salary, but it came in only at No. 90 on the list of 100.
Of the 100 best places to live in the US, here are 20 where you can land the highest-paying jobs:
20. Santa Rosa, California
Population: 491,790
Median annual salary: $49,800
Overall rank on best places to live list: 62
Just 55 miles north of San Francisco sits Santa Rosa, one of Sonoma County's premier wine-country towns. According to US News' local expert, Santa Rosa is an originator of the farm-to-table movement and "a haven for bicyclists, who train on its rural western roads and visit en masse for two major cycling events: the Amgen Tour of California and the Levi's GranFondo."
The job market in Santa Rosa is powered by tourism: 9% of residents work in the industry, mainly at local farms, wineries, and brewpubs.
19. Chicago, Illinois
Population: 9,516,448
Median annual salary: $50,410
Overall rank on best places to live list: 90
The Midwest's largest city may have a couple of drawbacks, including frigid winters and a high cost of living, but Chicago is also host to a bevy of corporations — 31 in the Fortune 500 — that can set residents up with a high-paying salary, including Boeing, United Airlines, Kraft, and Allstate.
Chicago also has a dynamic restaurant scene — far more than just the deep-dish pizza the city is famous for — as well as world-class museums, the Shedd Aquarium, and the Lollapalooza music festival.
18. Portland, Oregon
Population: 2,288,796
Median annual salary: $50,710
Overall rank on best places to live list: 20
Portland isn't for everybody — its slogan is "Keep Portland Weird," after all. But one local expert asserts that it's a " well-rounded city with more than just the offbeat shops and events" and a population that has "more academic degrees than the national average." An annual job-growth rate of 2.9% per year is attributed to roots in the technology sector, including major employer Intel Corp., as well as the 6,000-employee headquarters for Nike, about 7 miles outside Portland.
17. Houston, Texas
Population: 6,204,141
Median annual salary: $50,830
Overall rank on best places to live list: 17
Houston is a major player in the oil and gas, manufacturing, aerospace, and healthcare industries — it's also home to 26 Fortune 500 companies. According to one local expert , " a paycheck goes further in Houston than it does in other major cities, with affordable housing and free or cheap attractions." Plus, the city has an affinity for food, counting some 11,000 restaurants within its boundaries.
16. Worcester, Massachusetts
Population: 924,722
Median annual salary:$51,330
Overall rank on best places to live list: 65
Though by no means small, Worcester offers a more pastoral atmosphere than many cities its size — known for its rolling hills and nearly 500 acres of parks. A dynamic healthcare sector , including several hospitals and medical-research universities, furnish many residents with lucrative careers.
15. Philadelphia, Pennsylvania
Population:6,015,336
Median annual salary:$51,740
Overall rank on best places to live list: 82
With top-notch colleges and robust health, finance, and education sectors, workers who live in Philadelphia earn competitive salaries from companies like Wells Fargo and the University of Pennsylvania.
The City of Brotherly Love also has a thriving food scene and a passionate sports culture. Tread carefully if you plan to support a rival of the Eagles, Phillies, Flyers, or 76ers.
14. Sacramento, California
Population: 2,197,422
Median annual salary: $51,970
Overall rank on best places to live list: 68
As California's state capital, Sacramento is a desirable place to live thanks to a healthy job market, especially in construction, technology, and healthcare. The tourism sector is also growing, hosting multiple conventions and sporting events, including cycling tours and marathons.
The city is also a magnet for outdoors enthusiasts, providing abundant green spaces and easy access to several national parks and forests.
13. Minneapolis-St. Paul, Minnesota
Population: 3,424,786
Median annual salary: $52,080
Overall rank on best places to live list: 12
The Twin Cities have " big-city amenities like museums and sports stadiums, but also have an approachable, Midwestern feel," according to a local expert . Residents are accustomed to the area's changing seasons, participating in ice fishing and cross-country skiing in the winter and music festivals and baseball games in the spring and summer. Jobs are available in science-focused fields at companies like Xcel Energy and Medtronic as well as retail corporations like Best Buy and Target.
12. Baltimore, Maryland
Population: 2,753,396
Median annual salary: $52,460
Overall rank on best places to live list: 67
Baltimore — aka Charm City — has experienced an influx of new residents in recent years and a growing bioscience industry that's created a slew of employment opportunities at places like Johns Hopkins University and the University of Maryland.
According to a local expert, Baltimore has a flourishing dining scene, timeless and elegant architecture, and a small-town feel that's cherished by locals.
11. Los Angeles, California
Population: 18,241,809
Median annual salary: $53,000
Overall rank on best places to live list: 83
The country's second-largest city has, well, everything to offer. From mountains and deserts to forests and beaches, there's no shortage of sunny, outdoor activities at the fingertips of Los Angeles' millions of residents and visitors. The job market is varied, too, with top employers in manufacturing, transportation, trade, and business. And the city's "creative economy" provides more than 355,000 jobs in museums, fashion and design, and entertainment.
There's an "intoxicating mix of free-spirited hope and relentless ambition [that is] the defining characteristic of Los Angeles residents," shared one local expert.
10. San Diego, California
Population: 3,183,143
Median annual salary: $53,020
Overall rank on best places to live list: 16
With year-round sunshine and beautiful beaches to boot, it's easy to enjoy living in San Diego. According to US News , this Southern California gem "offers world-class dining, professional sports, and entertainment options" for college students, young professionals, and families.
Tourism is a huge industry in San Diego — which sees more than 30 million visitors annually — but the city's seaside location is more than just eye candy. Some of the area's largest employers include the US Navy and the Marine Corps.
9. Denver, Colorado
Population: 2,651,392
Median annual salary: $53,060
Overall rank on best places to live list: 1
While Denver sits at the base of the Rocky Mountains, it's not considered a mountain town, since it takes at least an hour to get to the Rockies for snowboarding and ski activities, a local expert said.
At 5,279 feet, the Mile High City lives up to its name in more ways than one. In 2012, Colorado legalized recreational marijuana, paving the way for a flourishing and lucrative cannabis industry.
8. New Haven, Connecticut
Population: 863,148
Median annual salary: $53,350
Overall rank on best places to live list: 88
The small seaside town of New Haven combines "New England charm and global cosmopolitanism," making it the "cultural capital of Connecticut," according to a local expert. The city is home to Yale University, which has long attracted politicians, artists, and innovators to the area, and it's also known for its New Haven-style pizza.
Healthcare, education, and social services are the largest job sectors in New Haven, in part because of the university and Yale-New Haven Hospital.
7. Hartford, Connecticut
Population: 1,215,159
Median annual salary: $55,580
Overall rank on best places to live list: 59
Hartford is one of the oldest cities in the US, once home to famous literary figuresMark Twain and Harriet Beecher Stowe. Its location in the Connecticut River Valley provides residents with "rolling hills and wooded neighborhoods" in addition to nearby mountains, state parks, and vineyards, said a local expert.
Aerospace, healthcare, insurance, and financial companies have become the largest industries in Hartford. Top employers include United Technologies Corp., Hartford Hospital, andAetna.
6. Seattle, Washington
Population: 3,557,037
Median annual salary: $57,370
Overall rank on best places to live list: 7
Seattle is sandwiched between water and mountains and doesn't get as much rain as you'd think, said one local expert . The city's residents are drawn to the area for its atmosphere of "calm and patience" and its close proximity to nature. Jobs in Seattle are concentrated in the tech, healthcare, and maritime industries, but the city is also a huge manufacturing center for companies like Boeing.
5. New York City, New York
Population: 20,799,260
Median annual salary: $59,060
Overall rank on best places to live list: 96
The largest city in America is a melting pot for the world's cultures. With five boroughs and dozens of neighborhoods, New York City has endless options for entertainment, cuisine, and recreation. Its cost of living is among the highest in the US, and one local expert said that people often move to "the city that never sleeps" to "test the adage 'if you can make it here, you can make it anywhere.'"
As the financial capital of the US, the city is a global hub for dozens of Fortune 500 companies, including Pfizer, Verizon, and Goldman Sachs. Plus, the unemployment rate is at its lowest point since 2008.
4. Boston, Massachusetts
Population: 4,650,876
Median annual salary: $60,540
Overall rank on best places to live list:30
Boston attracts a diverse group of residents, including everyone from recent college graduates and retirees to musicians and engineers. The historical city — often referred to as the "Cradle of Liberty," according to one local expert — also overflows with team spirit for the Red Sox, who boast an equally rich history.
3. Washington, DC
Population: 5,863,608
Median annual salary: $64,930
Overall rank on best places to live list: 8
The District's neighborhoods give off their own vibe, but across the city residents often " gather for block parties, mingle at dog parks, and converse at coffee shops," said a local expert . While Washington, DC, is known as a hub for politics, there's also a strong job market for education and health services.
2. San Francisco, California
Population: 4,466,251
Median annual salary: $64,990
Overall rank on best places to live list: 9
A local expertdescribed San Francisco as " the heart of the bohemian lifestyle, the epicenter of the LGBT rights movement, and the launching point of the technology era." In the last decade, thousands of tech companies have raced to set up shop in the Bay Area, sending the cost of living through the roof. But despite all the focus on the tech and startup scenes, the city also has plenty of business jobs available, with more than 30 international finance headquarters .
1. San Jose, California
Population: 1,898,457
Median annual salary: $75,770
Overall rank on best places to live list: 10
The sprawling city of San Jose is " as much defined by its suburban neighborhoods and large tech campuses as it is by the high-rises in its business district," said a local expert . Young residents and recent graduates of nearby Stanford and UC Berkeley have no trouble finding jobs in the area, which touts Cisco, eBay, and IBM as its largest private-sector employers .
Emmie was an associate editor at Business Insider, covering personal finance. She previously wrote for the lists and features, strategy, and careers verticals. Emmie graduated from Syracuse University with a degree in magazine journalism and lives in New York City.
Tanza Loudenback
Correspondent, Personal Finance Insider
Tanza is a CERTIFIED FINANCIAL PLANNER™ and former correspondent for Personal Finance Insider. She broke down personal finance news and wrote about taxes, investing, retirement, wealth building, and debt management. She helmed a biweekly newsletter and a column answering reader questions about money. Tanza is the author of two ebooks, A Guide to Financial Planners and "The One-Month Plan to Master your Money." In 2020, Tanza was the editorial lead on Master Your Money, a yearlong original series providing financial tools, advice, and inspiration to millennials. Tanza joined Business Insider in June 2015 and is an alumna of Elon University, where she studied journalism and Italian. She is based in Los Angeles.
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Correspondent, Wall Street
Alex Morrell is a correspondent at Business Insider covering Wall Street at large. That often means chasing scoops and writing features on the big banks, but he also delves into hedge funds, private-equity firms, and other corners of the industry. Prior to Business Insider he was a staff reporter at Forbes Magazine covering billionaires and their businesses. He's previously written and worked for the Associated Press, the Green Bay Press-Gazette, the Milwaukee Journal Sentinel and the Wisconsin Center for Investigative Journalism. He's a graduate of the University of Wisconsin and holds a master's in business and economic journalism from Columbia University. He welcomes your confidential tips, leads, and leaks by:
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Best City To Make Money In Usa
Source: https://www.businessinsider.com/best-places-to-live-in-america-for-a-high-salary-2016-3
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