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Yahoo
04-05-2025
- Business
- Yahoo
Here's How Expensive the American Dream Is in 9 California Cities
The American Dream — that ideal that the United States is the Land of Opportunity and anyone can take advantage and become upwardly mobile — never gets cheaper. Inflation makes sure of that. View More: Discover Next: A recent GOBankingRates study revealed the cost of the American Dream in the 50 largest U.S. cities, and it is probably no surprise that California is host to six of the top 10 cities — and $200,000 is the cost of living the Dream in those places. Check out all nine California cities that made the top 50 and how much the American Dream will cost you in these places. Household income for the American dream: $150K Total annual cost of living: $75K Grocery costs per year: $9,496 Average monthly mortgage cost: $2,864 Read Next: Learn More: Household income for the American dream: $297K Total annual cost of living: $149K Grocery costs per year: $10,565 Average monthly mortgage cost: $8,110 Find Out: Household income for the American dream: $319K Total annual cost of living: $160K Grocery costs per year: $10,302 Average monthly mortgage cost: $9,228 Household income for the American dream: $130K Total annual cost of living: $65K Grocery costs per year: $8,970 Average monthly mortgage cost: $2,323 Household income for the American dream: $130K Total annual cost of living: $65K Grocery costs per year: $8,989 Average monthly mortgage cost: $2,308 Explore Next: Household income for the American dream: $242K Total annual cost of living: $121K Grocery costs per year: $9,940 Average monthly mortgage cost: $6,660 Household income for the American dream: $205K Total annual cost of living: $102K Grocery costs per year: $10,085 Average monthly mortgage cost: $4,761 Household income for the American dream: $234K Total annual cost of living: $117K Grocery costs per year: $9,433 Average monthly mortgage cost: $6,007 Household income for the American dream: $215K Total annual cost of living: $108K Grocery costs per year: $9,233 Average monthly mortgage cost: $5,321 Methodology: GOBankingRates used data from the U.S. Census American Community Survey, Sperling's BestPlaces, the Bureau of Labor Statistics Consumer Expenditure Survey, Zillow Home Value Index for January 2025 and Federal Reserve Economic Data. Using the 50/30/20 rule that states 50% of household income goes to needs, 30% goes to discretionary spending and 20% is used for savings, the cost of living was doubled to find the income needed to live the American Dream. All data was collected on and is up to date as of March 4, 2025. More From GOBankingRates Mark Cuban: Trump's Tariffs Will Affect This Class of People the Most How Far $750K Plus Social Security Goes in Retirement in Every US Region How To Get the Most Value From Your Costco Membership in 2025 12 SUVs With the Most Reliable Engines This article originally appeared on Here's How Expensive the American Dream Is in 9 California Cities
Yahoo
01-05-2025
- Lifestyle
- Yahoo
Salary Needed To Achieve the American Dream in 9 Midwest Cities
If you earn up to $125,000 annually, it's enough money to achieve the American dream in several Midwestern cities. Depending on the city, it may even be more than enough for a comfortable lifestyle. Find Out: Try This: Utilizing data from an existing study examining the salary needed to achieve the American dream in the 50 largest U.S. cities, GOBankingRates pulled the nine cities based in the Midwest region from the top 50 ranking. A full methodology is available at the end of this story. Keep reading to see how much you'd need to earn in these Midwest cities. Household income for the American dream: $121K Total annual cost of living: $61K Grocery costs per year: $8,807 Average monthly mortgage cost: $1,813 See More: View Next: Household income for the American dream: $119K Total annual cost of living: $60K Grocery costs per year: $9,170 Average monthly mortgage cost: $1,964 Read More: Household income for the American dream: $110K Total annual cost of living: $55K Grocery costs per year: $8,753 Average monthly mortgage cost: $1,634 Household income for the American dream: $105K Total annual cost of living: $53K Grocery costs per year: $8,952 Average monthly mortgage cost: $1,509 Household income for the American dream: $103K Total annual cost of living: $52K Grocery costs per year: $8,771 Average monthly mortgage cost: $1,388 Be Aware: Household income for the American dream: $100K Total annual cost of living: $50K Grocery costs per year: $8,481 Average monthly mortgage cost: $1,323 Household income for the American dream: $99K Total annual cost of living: $49K Grocery costs per year: $8,418 Average monthly mortgage cost: $1,194 Household income for the American dream: $95K Total annual cost of living: $48K Grocery costs per year: $8,608 Average monthly mortgage cost: $1,134 Discover Next: Household income for the American dream: $91K Total annual cost of living: $46K Grocery costs per year: $8,064 Average monthly mortgage cost: $421 Methodology: For this study, GOBankingRates analyzed the largest 50 cities based on population, as sourced from the U.S. Census American Community Survey. The cost-of-living indexes were sourced from Sperling's BestPlaces. Average expenditure costs were from the Bureau of Labor Statistics Consumer Expenditure Survey. Home value and mortgage data came from Zillow Home Value Index for January 2025 and Federal Reserve Economic Data. Using the 50/30/20 rule that states 50% of household income goes to needs, 30% goes to discretionary spending and 20% is used for savings, the cost of living was doubled to find the income needed to live the American Dream. All data was collected on and is up to date as of March 4, 2025. More From GOBankingRates Mark Cuban: Trump's Tariffs Will Affect This Class of People the Most 4 Affordable Car Brands You Won't Regret Buying in 2025 How To Get the Most Value From Your Costco Membership in 2025 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth This article originally appeared on Salary Needed To Achieve the American Dream in 9 Midwest Cities
Yahoo
29-04-2025
- Lifestyle
- Yahoo
10 Most Affordable Cities in Florida for the Middle Class
When it comes to affordable places for the middle class in Florida, there are a number of good options. Parkland is easily the best — ranking among the top 20 in the country with almost $100,000 available after cost of living. Also See: Learn More: GOBankingRates recently referenced cost-of-living and housing data for American cities with populations of 20,000 or more to find the places the middle class can really afford. Here are the top 10 Florida cities. Also see the most affordable city for the middle class in every state. Median middle-class income: $200K Annual cost of living: $102K Leftover savings: $98K Check Out: Find Out: Median middle-class income: $119K Annual cost of living: $58K Leftover savings: $61K Also See: Median middle-class income: $141K Annual cost of living: $86K Leftover savings: $55K Median middle-class income: $113K Annual cost of living: $59K Leftover savings: $54K Median middle-class income: $115K Annual cost of living: $62K Leftover savings: $53K Find More: Median middle-class income: $114K Annual cost of living: $62K Leftover savings: $52K Median middle-class income: $120K Annual cost of living: $68K Leftover savings: $52K Median middle-class income: $107K Annual cost of living: $55K Leftover savings: $52K Median middle-class income: $123K Annual cost of living: $74K Leftover savings: $48K Median middle-class income: $91K Annual cost of living: $44K Leftover savings: $46K Editor's note: Photos are for representational purposes only and might not reflect the exact locations listed. Methodology: GOBankingRates analyzed cities with populations of at least 20,000 to find the most affordable city in each state, using the U.S. Census American Community Survey. Cost of living was calculated using Sperling's BestPlaces, the Bureau of Labor Statistics Consumer Expenditure Survey, Zillow Home Value Index for February 2025 and Federal Reserve Economic Data. The middle class is defined by Pew Research as two-thirds to double the median household income. The median household income and the total cost of living were used to find the savings left for middle-class households. All data was collected on and is up to date as of March 18, 2025. More From GOBankingRates Mark Cuban: Trump's Tariffs Will Affect This Class of People the Most 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives How To Get the Most Value From Your Costco Membership in 2025 10 Genius Things Warren Buffett Says To Do With Your Money This article originally appeared on 10 Most Affordable Cities in Florida for the Middle Class Sign in to access your portfolio
Yahoo
03-04-2025
- Business
- Yahoo
50 Most Affordable Big US Cities To Live In
Inflation has spurred high cost of living across America, and added tariffs and possible trade wars portend even higher prices as well as a possible bear market on Wall Street. This all has many Americans worried about costs — especially if they live in big cities. Check Out: Learn More: Recently, GOBankingRates collated the cost of living for American cities with populations over 100,000, researching such statistics as home values and income levels within those cities. Within that matrix, GOBankingRates selected the 50 most affordable cities. Curious which large American cities are the most affordable? Also See: Discover More: Explore More: Find Out: See More: Read More: Read Next: Find More: Explore Next: For You: Learn More: Consider This: Methodology: GOBankingRates analyzed the cost of living for cities over 100,000 population, as sourced from the U.S. Census American Community Survey, along with data from Sperling's BestPlaces, the Bureau of Labor Statistics Consumer Expenditure Survey, AreaVibes, Zillow Home Value Index, and the Federal Reserve Economic Data to find the cheapest places to live among big American cities. All data was collected on and is up to date as of March 10, 2025. More From GOBankingRates Trump Tells Sean Hannity Why He Took Away One of America's Favorite Tax Cuts The New Retirement Problem Boomers Are Facing Salary Needed To Achieve the American Dream in the 50 Largest Cities 8 Common Mistakes Retirees Make With Their Social Security Checks This article originally appeared on 50 Most Affordable Big US Cities To Live In
