These Are The Top 10 U.S. Cities To Live If You’re Trying To Save Money, 2018
The best city for Americans looking to save money is Kansas City metropolitan area, that’s according to a recent report by Bankrate. The Kansas City metro area is closely followed by Cincinnati – covers parts of Ohio, Memphis – cover parts of Tennessee, Mississippi and Arkansas; and Columbus, Ohio.
The Greater St. Louis area ranks fifth on the list of the top 10 U.S. U.S. cities where it’s easiest to save money. The website calculated the total necessary monthly living expenses (including mortgage payments, groceries, bills, insurance, taxes, credit card payments, and more) for a typical family of 4 in each of the largest 50 U.S. cities, then multiplied that figure by 6 to get the amount needed for an emergency fund, enough to cover months of expenses. Here are the top 10 U.S. cities where it’s easiest to build savings.
Top 10 U.S. U.S. cities where it’s easiest to save money:
- Kansas City, MO-KS
Covers parts of Missouri and Kansas
Annual saving potential: $12,191
Six-month emergency fund: $19,443
Percentage of savings goal achieved: 63% - Cincinnati, OH-KY-IN
Covers parts of Ohio, Kentucky and Indiana
Annual saving potential: $11,231
Six-month emergency fund: $19,897
Percentage of savings goal achieved: 56% - Memphis, TN-MS-AR
Cover parts of Tennessee, Mississippi and Arkansas
Annual saving potential: $9,348
Six-month emergency fund: $16,638
Percentage of savings goal achieved: 56% - Columbus, Ohio
Annual saving potential: $10,431
Six-month emergency fund: $20,255
Percentage of savings goal achieved: 52% - St. Louis, MO-IL
Covers parts of Missouri and Illinois
Annual saving potential: $10,054
Six-month emergency fund: $19,570
Percentage of savings goal achieved: 51% - Baltimore-Columbia-Towson, Maryland
Annual saving potential: $13,127
Six-month emergency fund: $25,584
Percentage of savings goal achieved: 51% - Pittsburgh, Pennsylvania
Annual saving potential: $8,894
Six-month emergency fund: $18,485
Percentage of savings goal achieved: 48% - Indianapolis-Carmel-Anderson, Indiana
Annual saving potential: $8,789
Six-month emergency fund: $18,561
Percentage of savings goal achieved: 47% - Raleigh, North Carolina
Annual saving potential: $10,675
Six-month emergency fund: $23,822
Percentage of savings goal achieved: 45% - Oklahoma City, Oklahoma
Annual saving potential: $7,787
Six-month emergency fund: $18,203
Percentage of savings goal achieved: 43%
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