You are using an older browser version. Please use a supported version for the best MSN experience.

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

GOBankingRates Logo By Joel Anderson of GOBankingRates | Slide 1 of 50: 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. From Alabama to Wyoming: The Cost of Living Across America 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: Jan. 15, 2021

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.

From Alabama to Wyoming: The Cost of Living Across America

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: Jan. 15, 2021

© Sean Pavone / Shutterstock.com

More from GOBankingRates

GOBankingRates
GOBankingRates
image beaconimage beaconimage beacon