Best Places To Live On a $50,000 Salary in Every State

·8 min read
Best Places To Live On a $50,000 Salary in Every State

Earning $50,000 a year should be plenty to live on in America. The nation’s median income is just over $60,000, meaning that $50,000 per annum is the sort of salary that should clearly secure the basics, at the least. However, depending on where you live, that’s not always true. Making $50,000 a year in San Francisco, for instance, will likely leave you struggling to make ends meet.

So what sort of enclaves against high costs are out there? GOBankingRates has compiled the places in each state that are best suited to someone earning $50,000 a year — with a cost of living that will allow them to save for the future as well as cover costs in the present. The study identified towns with at least 5,000 households and a median income between $45,000 and $55,000 a year using data from the U.S. Census Bureau, then looked at the basic cost of living as sourced from the Bureau of Labor Statistics. The city with the most left over for residents after covering expenses in each state was then selected.

With the exception of Hawaii, every state in the U.S. has great cities where you can live on less than $50,000. Take a look and see where you should live in your area to stretch your salary that much further.

Last updated: Oct. 8, 2020

49. Burlington, Vermont

  • Median income: $50,324

  • Total annual necessities: $40,562.13

  • Salary left over after annual necessities: $9,437.87

48. Fairbanks, Alaska

  • Median income: $61,665

  • Total annual necessities: $40,237.60

  • Salary left over after annual necessities: $9,762.40

47. New Britain, Connecticut

  • Median income: $45,258

  • Total annual necessities: $39,236.58

  • Salary left over after annual necessities: $10,763.42

46. Pawtucket, Rhode Island

  • Median income: $46,938

  • Total annual necessities: $38,877.49

  • Salary left over after annual necessities: $11,122.51

45. Sanford, Maine

  • Median income: $49,642

  • Total annual necessities: $37,985.33

  • Salary left over after annual necessities: $12,014.67

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44. Baltimore

  • Median income: $48,840

  • Total annual necessities: $37,048.62

  • Salary left over after annual necessities: $12,951.38

43. Dover, Delaware

  • Median income: $49,714

  • Total annual necessities: $36,443.10

  • Salary left over after annual necessities: $13,556.90

42. Grand Junction, Colorado

  • Median income: $49,849

  • Total annual necessities: $36,060.30

  • Salary left over after annual necessities: $13,939.70

41. Tulare, California

  • Median income: $52,546

  • Total annual necessities: $35,417.87

  • Salary left over after annual necessities: $14,582.13

40. Pahrump, Nevada

  • Median income: $45,480

  • Total annual necessities: $35,138.41

  • Salary left over after annual necessities: $14,861.59

39. Sheridan, Wyoming

  • Median income: $52,040

  • Total annual necessities: $35,055.02

  • Salary left over after annual necessities: $14,944.98

38. Claremont, New Hampshire

  • Median income: $48,099

  • Total annual necessities: $34,990.97

  • Salary left over after annual necessities: $15,009.03

Good To Know: How Much You Need To Live Comfortably in 50 Major US Cities

37. Millville, New Jersey

  • Median income: $52,352

  • Total annual necessities: $34,980.96

  • Salary left over after annual necessities: $15,019.04

36. Ogden, Utah

  • Median income: $46,807

  • Total annual necessities: $34,630.78

  • Salary left over after annual necessities: $15,369.22

35. Pittsfield, Massachusetts

  • Median income: $48,555

  • Total annual necessities: $34,170.83

  • Salary left over after annual necessities: $15,829.17

34. Bartow, Florida

  • Median income: $46,850

  • Total annual necessities: $34,131.26

  • Salary left over after annual necessities: $15,868.74

33. Lafayette, Louisiana

  • Median income: $50,182

  • Total annual necessities: $33,777.45

  • Salary left over after annual necessities: $16,222.55

32. Grand Forks, North Dakota

  • Median income: $47,871

  • Total annual necessities: $33,535.05

  • Salary left over after annual necessities: $16,464.95

Read More: Here’s How Much You Need Saved in Every State If You Live to 100

31. Clarksville, Tennessee

  • Median income: $53,007

  • Total annual necessities: $33,502.97

  • Salary left over after annual necessities: $16,497.03

30. Idaho Falls, Idaho

  • Median income: $50,482

  • Total annual necessities: $33,394.99

  • Salary left over after annual necessities: $16,605.01

29. Great Falls, Montana

  • Median income: $45,620

  • Total annual necessities: $33,390.36

  • Salary left over after annual necessities: $16,609.64

28. Taylor, Michigan

  • Median income: $47,370

  • Total annual necessities: $33,364.97

  • Salary left over after annual necessities: $16,635.03

27. Los Lunas, New Mexico

  • Median income: $54,409

  • Total annual necessities: $33,250.86

  • Salary left over after annual necessities: $16,749.14

26. Rome, New York

  • Median income: $48,659

  • Total annual necessities: $32,944.85

  • Salary left over after annual necessities: $17,055.15

25. Waynesboro, Virginia

  • Median income: $45,738

  • Total annual necessities: $32,808.11

  • Salary left over after annual necessities: $17,191.89

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24. Yuma, Arizona

  • Median income: $47,702

  • Total annual necessities: $32,596.12

  • Salary left over after annual necessities: $17,403.88

23. Cayce, South Carolina

  • Median income: $50,545

  • Total annual necessities: $32,519.86

  • Salary left over after annual necessities: $17,480.14

Pictured: Downtown Columbia, South Carolina

22. Pendleton, Oregon

  • Median income: $49,671

  • Total annual necessities: $32,423.95

  • Salary left over after annual necessities: $17,576.05

21. Moses Lake, Washington

  • Median income: $51,800

  • Total annual necessities: $32,161.36

  • Salary left over after annual necessities: $17,838.64

20. Munhall, Pennsylvania

  • Median income: $46,715

  • Total annual necessities: $31,324.95

  • Salary left over after annual necessities: $18,675.05

Pictured: Pittsburgh

19. New Haven, Indiana

  • Median income: $49,522

  • Total annual necessities: $31,196

  • Salary left over after annual necessities: $18,804

18. Havelock, North Carolina

  • Median income: $49,138

  • Total annual necessities: $30,656.40

  • Salary left over after annual necessities: $19,343.60

Pictured: Beach near Havelock, North Carolina

17. Radcliff, Kentucky

  • Median income: $45,344

  • Total annual necessities: $30,201.17

  • Salary left over after annual necessities: $19,798.83

See: 20 Best Places To Live on Only a Social Security Check

16. Pampa, Texas

  • Median income: $45,777

  • Total annual necessities: $30,190.48

  • Salary left over after annual necessities: $19,809.52

15. Hastings, Nebraska

  • Median income: $47,528

  • Total annual necessities: $30,106.77

  • Salary left over after annual necessities: $19,893.23

14. Montgomery, Alabama

  • Median income: $45,921

  • Total annual necessities: $29,918.22

  • Salary left over after annual necessities: $20,081.78

13. Tupelo, Mississippi

  • Median income: $48,116

  • Total annual necessities: $29,642.12

  • Salary left over after annual necessities: $20,357.88

12. Columbus, Georgia

  • Median income: $45,389

  • Total annual necessities: $29,422.21

  • Salary left over after annual necessities: $20,577.79

11. Weirton, West Virginia

  • Median income: $48,775

  • Total annual necessities: $29,130.45

  • Salary left over after annual necessities: $20,869.55

10. Peoria, Illinois

  • Median income: $50,688

  • Total annual necessities: $29,013.14

  • Salary left over after annual necessities: $20,986.86

9. Boardman, Ohio

  • Median income: $54,284

  • Total annual necessities: $28,912.60

  • Salary left over after annual necessities: $21,087.40

8. Mason City, Iowa

  • Median income: $49,656

  • Total annual necessities: $28,475.10

  • Salary left over after annual necessities: $21,524.90

Important: Best Places in Every State To Live On a Fixed Income

7. Paragould, Arkansas

  • Median income: $45,315

  • Total annual necessities: $28,444.06

  • Salary left over after annual necessities: $21,555.94

Pictured: St. Francis River in Arkansas

6. Huron, South Dakota

  • Median income: $46,884

  • Total annual necessities: $28,261.68

  • Salary left over after annual necessities: $21,738.32

5. Lawton, Oklahoma

  • Median income: $47,262

  • Total annual necessities: $28,157.84

  • Salary left over after annual necessities: $21,842.16

4. Fond du Lac, Wisconsin

  • Median income: $49,949

  • Total annual necessities: $28,136.12

  • Salary left over after annual necessities: $21,863.88

3. St. Joseph, Missouri

  • Median income: $47,413

  • Total annual necessities: $27,903.85

  • Salary left over after annual necessities: $22,096.15

2. Great Bend, Kansas

  • Median income: $46,171

  • Total annual necessities: $27,226.44

  • Salary left over after annual necessities: $22,773.56

Pictured: Wichita, Kansas

1. Austin, Minnesota

  • Median income: $46,970

  • Total annual necessities: $27,189.43

  • Salary left over after annual necessities: $22,810.57

More From GOBankingRates

Photo disclaimer: Photos are for illustrative purposes only. As a result, some of the images may not reflect the exact towns listed.

Methodology: GOBankingRates determined the best places to live on a $50,000 salary in each state by analyzing cities along these criteria: (1) a minimum of 5,000 households, sourced from the U.S. Census Bureau’s 2018 American Community Survey, (2) a median household income between $45,000 to $55,000, sourced from the U.S. Census Bureau’s 2018 American Community Survey, (3) itemized cost-of-living index for groceries, utilities, transportation, healthcare and miscellaneous expenditure, based on the Bureau of Labor Statistics’ Consumer Expenditure Survey third quarter 2018 through second quarter 2019, which were adjusted to each city’s local cost of living, sourced from Sperling’s Best Places; (4) Zillow Rent Index for January 2020, sourced from Zillow. In order to qualify as a “best” city, the total cost-of-living expenditures could not exceed $50,000, and the city with the lowest overall total cost-of-living expenditures was declared the best. The list of cities was compiled from the U.S. Census Bureau’s 2018 American Community Survey and includes all cities the Census Bureau and Zillow had complete data for. Data was compiled on and up to date as of July 30, 2020.

This article originally appeared on GOBankingRates.com: Best Places To Live On a $50,000 Salary in Every State

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