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The latest news on this change — carefully culled from the world wide web by our change agents. They do the surfing, so you don't have to!

Best U.S. Cities to Build Wealth

Best U.S. Cities to Build Wealth

When you’re trying to build a nest egg, or simply have more money overall, where you live is a huge factor. A recent survey by Salary.com took into consideration things like local salaries, the cost of living, and unemployment as their primary factors to determine the best cities for building wealth.

You may have already guessed this, but the worst city to build wealth in is New York City. Sorry, neighbors. Guess we're all in this together. According to the survey, New York’s economy and well-educated residents weren’t enough to save it from the excessively high prices with paychecks not “inflated” enough to keep up. Don’t worry, though. In the same circle as New York City are Washington, D.C., Los Angeles, Honolulu, and San Francisco.

Where then is the number one place in the country to build wealth? Plano, TX (one of our editors is cursing the fact that she didn't stay in Dallas—Plano is a suburb—when she had the chance.) It houses some of the nation’s largest companies that have reported very strong growth, and the prices in Texas are more reasonable than its east coast/west coast counterparts. Also in the top five were Aurora, CO, Omaha, NE, Minneapolis, MN, and Albuquerque, NM.

Knowing that where you live can determine how well you save money, would you consider moving? Why or why not? [Yahoo! Business]

Posted: 7/7/08

I moved to TX 2 years ago. I found better life for my kids, that includes schools.
A better salary. I live in Cedar Park TX.


Creating wealth, living cheaply, saving money aren't the only things to consider when contemplating a move. There is, as ChangeHero stated, state income tax to consider,property taxes, cost of utilities, house & car insurance, recreation, entertainment.

What about quality of life -- which means different things to different people. Only after checking what I consider "quality of life," in a given area, would I look at relocating to that area.


I helps that Texas doesn't have a state income tax.