Sunday, 13 December 2015

10 Best Cities for Getting Rich

Here are the top 10 cities to get rich in, according to Bankrate. 
1. Houston, TX
Houston takes the top ranking because of its diverse job market, low consumer debt levels and an economic environment that allows residents to save a relatively healthy portion of their income.
2. Washington, D.C.
The nation’s capital came in second thanks to a robust job market and high levels of household income that allow residents to sock away more than in other places.
3. Cleveland, OH
This Rust Belt city may not have the hottest job market (it ranks 14th of 18 on that front), but it scored well for having low consumer debt levels and relatively strong opportunities to save.
4. Detroit, MI
Detroit isn’t thought of as particularly prosperous, but the city ranked high on this list because of its cheap housing market and low consumer debt.
5. New York, NY
A booming job market counterbalanced expensive rents and a high consumer debt levels.
6. Dallas-Fort Worth, TX
Cheap rents and low amounts of consumer debt make this the second Lone Star city to break the top 10.
7. Baltimore, MD
Baltimore cracked the top 10 largely because of offers relatively low living expenses.
8. Miami, FL
In addition to year-round balmy weather, Miami also boasts low consumer debt levels and the second-highest level of income after taxes and household expenses.
9. Minneapolis-St. Paul, MN
The twin cities each offer relatively reasonable rents, decent job markets and convenient access to financial services.
10. Chicago, IL
Chicago isn’t cheap, but the city’s easy access to financial services that allow consumers to invest, save and borrow efficiently caused it to just make top

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