How much do you need to live in the top 10 cities of America?

Highlights: Here's how much you need to earn to live in the 10 cities of America

• According to the latest GOBankingRates research, 8 American cities require you to have high salaries to live there.
• The report shows that six out of eight US cities are based in California.
• The research included data on the populations in 2021 and 2022, the median household income, annual living costs, and livability scores.
• Detroit is considered one of the most affordable cities, with an average annual cost of living of $32,424.

 

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GOBankingRates releases data on the top 10 American cities

According to research done by GOBankingRates, eight American cities require a high salary to live there. California is one of the six cities where a person needs a high wage to lead a comfortable life.

 

The report also includes the following factors:

 

• Population growth list between 2021 and 2022
• Standard value of a home for nuclear families
• Average household median income or HMI
• Annual cost of living
• Livability score

 

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List of top 10 American cities in 2024

The USA is one of the fastest-growing countries in the world. American cities provide a high quality of life but may be expensive for those living alone or with a family. According to GOBankingRates, there are 8 top cities in America where a person needs high salaries to live a cozy and comfortable life. However, the cities listed in the report have companies offering high-salary packages, as most are developing into tech hubs.

 

Six out of eight cities on the list are in California. The report also includes the population growth list between 2021 and 2022 with data on the standard home value for a nuclear family, the average household median income, the annual cost of living, and the livability score.

 

You can refer to the table given below to get the list of top 10 cities, their livability score, household median income, and the average value of a single-family home:

City	Household Median income	Average value of a single-family home	Livability score
New York City	$76,607	$789,032	75
Los Angeles	$76,244	$1,025,895	67
Chicago	$71,673	$313,159	78
Detroit	$37,761	$73,418	73
San Francisco	$136,689	$1,428,477	75
Washington, DC	$101,722	$720,689	75
San Jose, California	$136,010	$1,543,154	79
Boston	$89,212	$815,819	77
Baltimore	$58,349	$369,708	75
Milwaukee	$49,733	$209,803	79

 

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Top 10 cities to settle in the U.S

Here is the list of 10 American cities if you plan on starting a life abroad:

 

Settle in Detroit

Detroit is one of the most affordable cities in America. It is known for its vivid art scene and well-established automotive industry. Detroit is currently experiencing resurgence, attracting more people to settle in the city. An individual would need a salary of $64,850 to lead a comfortable life in Detroit. The city is booming, with many job opportunities for foreign nationals. The cost of living in Detroit is also affordable compared to the other big cities in America.

 

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Settle in New York City

New York is one of the most famous American cities. It is also renowned for being home to the publishing, financial, and broadcast media industries. New York City offers a good quality of life and is a popular tourist attraction. The city is famous for its powerful setup of IT and startups. The city has some top companies that offer competitive salaries, with most of them providing healthcare packages for the employees and their dependents. To live a comfortable life in New York, a person must earn around $175,909, and the annual cost of living there is $87,955.

 

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Settle in Chicago

Chicago is third on the list of the most populated cities in the USA after New York and Los Angeles. It is famous for its renowned architecture, food, and vibrant culture. This city offers a strong job market with many opportunities in various sectors. The total cost of living in Chicago is $46,999 per month, and an individual would be required to earn around $93,999 to lead a good life.

 

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Settle in Los Angeles

Los Angeles is the second-most populous city in the US after New York. It is home to the entertainment, startup, and technology industries. Los Angeles's livability score is high, with a total annual cost of living of $97,250. To lead a comfortable life in Los Angeles, a person must earn a salary of $194,500.

 

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Settle in San Francisco

San Francisco is famous for its tech hub, history, beautiful landmarks, and vibrant culture. The city offers many benefits, such as Competitive Salaries, Healthcare benefits, and work-life balance. To live a comfortable and cozy life in this city, an individual must earn around $252,878 annually. The total living cost in San Francisco is around $126,439.

 

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Settle in Washington, DC

Washington, DC, is famous for its war memorials and beautiful monuments. The city is one of the best places to network and explore innovation. The annual cost of living here is $76,531. To live a comfortable life here, an individual must have a salary of around $153,061.

 

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Settle in San Jose, California

San Jose is known for its strong economy and pleasant weather. It is also rapidly growing into a tech hub. Despite its high cost of living, many people are moving to this city for reasons including employee benefits such as life insurance and health insurance. In San Jose, the annual cost of living is around $132,963, and an individual must earn around $265,926 to live a comfortable life here.

 

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Settle in Boston

Boston, famous for its renowned universities, is surrounded by its well-noted history. The city attracts many newcomers with its vivid culture and growing job opportunities. The annual living cost in Boston is $82,497, requiring an individual to have a minimum salary of $164,993 to lead a comfortable life here.

 

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Settle in Baltimore

Baltimore City is well-known for its museums, history, and cultural institutions. It is also a place for budget-friendly living. Compared to other American cities, Baltimore is much cheaper to stay in and offers an affordable lifestyle. A person must earn approximately $85,000 to live comfortably in the city. The annual cost of living in Baltimore is around $72,288.

 

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Settle in Milwaukee

Milwaukee is famous for its vivid art scene, history, and beautiful Midwestern atmosphere. Companies here offer various insurance policies for their employees and other financial benefits. The annual cost of living in Milwaukee is around $37,763, and an individual earning $75,526 can lead a comfortable life in this city.

 

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