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But with living costs pinching even high earners and the fact that more money almost always brings individuals more happiness , it's understandable that Americans say you need a substantial salary to be considered successful. While the average salary Americans say they need to be successful is high compared with what the average person is currently earning, Gen Z sets their sights even higher. The average salary adults between the ages of 18 and 27 say they need to be successful is $587,797, Empower found. That could be part of the reason they say they'd need such a high salary to feel accomplished, says Rebecca Rickert, head of communications at Empower. On average, Americans say you need a net worth of about $5.4 million to be considered successful, Empower reported.
Persons: Gen Z, Rebecca Rickert, boomers, Rickert Organizations: . Census, CNBC Locations: U.S
Empty lot Grand Ave. Dean St. Project site Pacific St. The Upper West Side project was recommended for approval while the Crown Heights project wasn’t. The Upper West Side project was recommended for approval while the Crown Heights project wasn’t. The Upper West Side project was recommended for approval while the Crown Heights project wasn’t. City Council vote Here’s where things ended for the Crown Heights project, which was rejected by the council member from the area.
Persons: Nadine Oelsner, Dean St, Aviles, Booker T, Booker, Oelsner, It’s, Crystal Hudson, Oelsner’s, Hudson, Mark Levine Organizations: New York, West, Street Manhattan Queens, Street Brooklyn Staten, Street Brooklyn, . Census, Crown, Census, 108th, Google, West Side Federation for Senior, 109th St, St, Washington, Washington Middle School, Washington Middle, Side Federation for Senior, Budget Commission, Manufacturing, Fulton St, Vanderbilt, ., Plaza Manufacturing, Army Plaza Lafayette, Army Plaza Lafayette Ave . Manufacturing, , New York City Department of City Planning, Riverside Park, Broadway, St ., St . West 108th St, , New York City Department of, HSN, Pontiac, West Side, West Side Federation, City Planning Department Locations: New, United States, Crown Heights, Brooklyn, Manhattan, Westchester County, Long, New York City, Street Brooklyn Staten, Prospect, Crown, U.S, Park, Riverside, Phoenix, Atlanta, City, St, Fulton, Ave, Vanderbilt Ave, Franklin, Army Plaza Lafayette Ave, , New, St . West, Amsterdam, Heights
AdvertisementThe growing ranks of boomers aged 65-plus could spark a boom in the senior housing market. It says this will drive strong demand for senior housing facilities, including assisted living, independent living, skilled nursing, and memory care. "That makes senior housing a compelling option for investors looking to break away from traditional property investment." Census Bureau/Capital EconomicsMeanwhile, around 11% of those over the age of 65 are currently living in a form of senior housing, according to the American Senior Housing Association. Related storiesRents, meanwhile, are seeing a strong uptrend, thanks to the supply of senior housing growing tighter after the pandemic.
Persons: that's, Imogen Pattison, Pattison Organizations: Capital, Capital Economics, Census, American Senior Housing Association, MAP
Approximately 1 in 3 U.S. adults ages 18 to 34 live in their parents' home, according to U.S. Census Bureau data. The pandemic caused more young adults to return home or remain living with their parents into their late 20s and 30s, but aside from that spike, the numbers have remained fairly consistent in recent years. The 2008 financial crisis, the Great Recession and the pandemic are all examples of economic shocks. More than half of Gen Z adults say they don't make enough money to live the life they want due to the high cost of living, according to a 2024 survey from Bank of America. A significant number of millennials and Gen Z adults lack emergency savings.
Persons: Joanne Hsu, Hsu Organizations: Census, University of Michigan, Federal Reserve, Finance, Bank of America Locations: U.S
The average household retirement savings balance in Massachusetts is $448,500, according to an October study by DepositAccounts. On the other hand, Americans in Louisiana and Mississippi have the lowest average household retirement savings of $128,900 and $131,500, respectively. And Florida, a popular retirement destination, ranks 19th with average savings of $287,200. But remember, while averages can provide an interesting snapshot of retirement data, they don't always tell the whole story. Here are the average amounts households have saved for retirement by state, according to DepositAccounts.
Persons: IRAs, Keogh Organizations: CORE, of Columbia Locations: Massachusetts, U.S, Louisiana, Mississippi, Florida, Alaska , Delaware, of Columbia , New Hampshire , North Dakota, Rhode Island , South Dakota , Vermont, Wyoming
The number of million-dollar homes is increasing across the U.S., but they're highly concentrated in certain places, according to a November LendingTree analysis. San Jose, California, tops the list of U.S. metros with the highest share of million-dollar homes with 72% of owner-occupied homes worth over $1 million, according to LendingTree. San Jose isn't the only California metro area with a large share of million-dollar homes. However, it's worth pointing out while New York has a lower percentage of million-dollar homes, it has a higher total number of them than San Jose or San Francisco. Here are the 10 U.S. metro areas with the highest share of $1 million homes, according to LendingTree.
Persons: Jose isn't Organizations: Census, American, Survey, U.S, metros, Homes, San Diego Locations: U.S, San Jose , California, It's, San Jose, California, San Francisco , Los Angeles, New York, Jose, San Francisco
Austin, the state capital of Texas, can add another title to its name: best college town in the U.S., according to a recent ranking by WalletHub. The city is home to a number of schools, including the University of Texas at Austin, which is one of the largest research universities in the U.S. and has a student population of over 51,000. The city itself is located in central Texas and home to nearly 980,000 people, with a median household income of $86,556, per the latest available U.S. Census data. To generate its list of best college towns, WalletHub used data from a number of sources, including the U.S. Census Bureau and the Bureau of Labor Statistics, to analyze 415 cities and towns of various sizes across America. Plus, the cities tend to come with a lower cost of living than larger cities like New York or Los Angeles.
Persons: Austin, Austin Ann, Ann Arbor, Tempe Gainesville , Florida — University of Florida Atlanta — Georgia Institute of Technology It's Organizations: WalletHub, University of Texas, U.S . Census, Bureau of Labor Statistics, America ., Austin , Texas — University of Texas, Austin Ann Arbor , Michigan — University of Michigan, Ann Arbor Orlando , Florida — University of Central, Ann Arbor Orlando , Florida — University of Central Florida Tampa , Florida — University of Tampa, Ann Arbor Orlando , Florida — University of Central Florida Tampa , Florida — University of Tampa Raleigh , North Carolina —, Carolina State University Scottsdale, Scottsdale Community College, Virginia — University of Virginia, Virginia — University of Virginia Tempe , Arizona — Arizona State University, Tempe, Tempe Gainesville , Florida — University of Florida, Tempe Gainesville , Florida — University of Florida Atlanta — Georgia Institute of Technology Locations: Texas, U.S, Austin, America, Austin , Texas, Austin Ann Arbor , Michigan, Ann Arbor Orlando , Florida, Ann Arbor Orlando , Florida — University of Central Florida Tampa , Florida, Ann Arbor Orlando , Florida — University of Central Florida Tampa , Florida — University of Tampa Raleigh , North Carolina, Carolina State University Scottsdale , Arizona, Scottsdale Community College Charlottesville, Virginia, Virginia — University of Virginia Tempe , Arizona, Tempe Gainesville , Florida, Tempe Gainesville , Florida — University of Florida Atlanta, New York, Los Angeles
Questions about sexual orientation, gender identity and changes to queries about race and ethnicity are on track to be asked in the most comprehensive survey of American life by 2027, U.S. Census Bureau officials said Thursday. Under the revisions, questions about race and ethnicity that previously were asked separately will be combined into a single question. Questions in English and Spanish about sexual orientation and gender identity started being tested in August with trial questionnaires sent out to several hundred-thousand households. On the sexual orientation test question, respondents can provide a write-in response if they don’t see themselves in the gay or lesbian, straight or bisexual options. The trial questionnaire also is testing “degenderizing” questions about relationships in a household by changing options like “biological son or daughter” to “biological child.”
Persons: Organizations: Census, American, Survey Locations: U.S, Eastern
Sales of single-family homes were down 12% in September compared with the same time in the previous year. But interest rates, rising home prices and skyrocketing insurance costs likely played bigger roles than the recent hurricanes. “Florida recovers much faster than you think,” said Brad O’Connor, chief economist for Florida Realtors. Because of stricter building codes implemented in the years after Hurricane Andrew devastated South Florida in 1992, newer homes withstand hurricanes better than older ones, O’Connor said. The number of households dropped from about 340,000 to about 326,000, according to the U.S. Census Bureau.
Persons: , Brad O’Connor, Hurricane Andrew, O’Connor, , Hurricane Ian Organizations: Florida Realtors, . Census, Van Lines, Associated Press Locations: Florida, South Florida, Lee County, Fort Myers, United States
President Joe Biden hosted a formal ceremony Wednesday to publicly celebrate his executive order establishing an initiative to increase funding for Hispanic-serving institutions and create a board of advisors on HSIs. Flores said the executive order shows a federal understanding of how crucial HSIs are to the future of the nation. The more than 500 HSIs in the U.S. and Puerto Rico serve more than 4.7 million students every year, according to federal data. Many students are low-income, and nearly a third are eligible for Pell grants, which are federal scholarships for students in need. “The president’s executive order will strengthen these critical institutions and build their capacity to provide economic mobility for all their students.”
Persons: Joe Biden, Education Miguel Cardona, Biden, Antonio R, Flores, ” Flores, Pell, , Neera Tanden Organizations: Census, Education, Hispanic Association of Colleges, Universities, House, Associated Press Locations: U.S, Puerto Rico, American
There is also a larger share of single women with children. As marriage rates fell, the number of women heading families rose. Across the board, women in the workforce faced steeper job losses and slower job recovery than men, according to research by the U.S. Census Bureau. Yet, even now, the labor force participation rate for women has not fully returned to pre-pandemic levels. "This is another area where we see returning to a pre-pandemic status quo as not good enough," said Julie Vogtman, the National Women's Law Center's director of job quality.
Persons: Marc Morial, Julie Vogtman Organizations: U.S, Center for American, Finance, U.S . Census, National Urban League, CNBC, National Women's Law
watch nowIn his campaign's TV ads, Pennsylvania Republican House candidate Rob Bresnahan talks about being a third-generation union contractor. It's not surprising for a candidate in northeastern Pennsylvania to trumpet their union ties. Support from unions is critical in Pennsylvania, where union members make up 14.1% of the state, according to the Bureau of Labor Statistics. SCRANTON, PENNSYLVANIA - OCTOBER 09: Rob Bresnahan, Republican nominee for Pennsylvania's 8th Congressional District, takes the stage during a Republican presidential nominee, former U.S. President Donald Trump campaign rally at Riverfront Sports on October 09, 2024 in Scranton, Pennsylvania. At the Sheet Metal Workers Local 44 Union Hall in Wilkes-Barre in early October, local union leaders frequently referred to Cartwright as a "friend."
Persons: Rob Bresnahan, Matt Cartwright, It's, Bresnahan, Donald Trump, Sen, JD Vance, Cook, Pennsylvania's, Michael M, Cartwright, Trump, Keshia Williams, He's, " Cartwright, Tom Williams Organizations: Pennsylvania Republican, Democratic, Republican, Bureau of Labor Statistics, White, Senate, NBC, Cook, Congressional, Riverfront Sports, Santiago, Getty, . Census, Sheet Metal Workers, SEIU, Teamsters, AFL, CQ, Inc, Cq Locations: Pennsylvania, Ohio, SCRANTON , PENNSYLVANIA, Scranton , Pennsylvania, Wilkes, Barre
For the second year in a row, Carmel, Indiana has been rated the best small city in America. That's according to WalletHub, which this month released its annual report on the country's best small cities. 1 spot thanks in part to its median annual household income of nearly $133,000 and median credit score of 775. Its 3% unemployment rate is one of the lowest in the country. Residents of Carmel spend only about 14% of their income on rent, the 33rd-lowest in the country.
Organizations: Health Education, U.S . Census, Federal Bureau of Investigation, Bureau of Labor Statistics Locations: Carmel , Indiana, America, Indianapolis, Carmel
The best way to determine how much house you can afford is by working backward from your current budget. Current mortgage rates: The lower your mortgage rate, the more house you can afford. Where you live can impact home affordabilityHow much house you can afford depends a lot on where you live. How much house can I afford FAQsWhat percentage of my income should I spend on a house? The more debt you have, the less house you'll be able to afford.
Persons: You'll, Brian Walsh, Walsh, you'll, Freddie Mac, that's, it's, homebuyers Organizations: Business, CFP, . Census Bureau, National Association of Insurance, Consulting, homeownership, DTI, Chevron Locations: West Virginia, U.S, Washington, Alabama, New Jersey, Chevron
In today’s edition, politics reporter Allan Smith looks at how Elon Musk could help (or hurt) Donald Trump on the campaign trail. Plus, national political correspondent Steve Kornacki breaks down the different paths to victory Kamala Harris and Trump are attempting to chart in Pennsylvania. The disparate images helped paint a picture of both the benefits and the detriments to having Musk in Trump’s corner. Musk’s appearance at Trump’s Pennsylvania rally over the weekend was the culmination of a yearslong rightward drift for the eccentric billionaire, expedited by his purchase of Twitter in 2022. After his appearance in western Pennsylvania, Musk started to offer people $47 if they successfully get a swing-state voter to sign onto a petition backing the First and Second Amendments.
Persons: Allan Smith, Elon, Donald Trump, Steve Kornacki, Kamala Harris, Trump, Elon Musk, Donald Trump’s, cringeworthy, he’s, Hurricane Helene, Musk, MAGA ”, , , Dasha Burns, asha, ake, , ince, linton, hite, ittsburgh Organizations: NBC, White House, Capitol, Secret Service, Twitter, Trump, America PAC, Politico, ince, ust Locations: Pennsylvania, Butler, Pa, Trump’s, osh
When Jonathan Ochart moved from San Antonio to Los Angeles in 2023 to grow his public relations business, he figured he'd buy a condo. But that's only one of the reasons he's priced out of the Los Angeles County market, even for a smaller place. In LA, "even a modest condo costs close to $1 million," he says. Jonathan Ochart gave up on buying a condo in Los Angeles. Courtesy of Jonathan OchartBy early 2024, Ochart had given up on the idea of buying a condo in Los Angeles altogether.
Persons: Jonathan Ochart, Ochart, you've Organizations: CNBC, U.S . Census Locations: San Antonio, Los Angeles, Texas, Angeles County, Ochart's, Beverly Hills, LA, San Jose , New York, Boston, LA County, U.S
PeopleImagesProgress toward narrowing the gender pay gap has mostly stalled, in part due to something researchers call the "gender promotion gap." Women are about 13% less likely to be promoted than men, according to Shue's research. That imbalance is a major driver in the persistent income inequality between men and women, she said. About 70% of the gender wage gap is due to women occupying different positions compared to men, according to Shue. But even when men and women occupy the same position, women are paid less, she added.
Persons: Kelly Shue, Shue, Lean Organizations: Yale School of Management, CNBC's, Census, National Women's Law, Lean, McKinsey Locations: America
New York City ranks as the priciest city in the U.S. to retire, according to WalletHub's 2024 analysis of the best and worst places to retire. Following NYC, the two Hawaiian destinations that offer the highest quality of life for retirees — Pearl City and Honolulu — tied for second place. The median rental price for a one-bedroom apartment hit $4,500 a month in August, per Zumper's latest data. That's pretty steep compared with the national median rental price of $1,534 for a one-bedroom and $1,915 for a two-bedroom. The median rental price for all bedroom types in Manhattan is $5,000 versus $4,209 in Brooklyn, according to Zumper.
Persons: it's, WalletHub, New York City It's Organizations: Broadway, New York City, , Honolulu —, U.S . Census Bureau, for Community, Economic Research, Tax, Boston, Boston Seattle Yonkers , New York Santa Rosa , California Bridgeport , Connecticut San, Jersey, Index, Metropolitan Museum of Art, New Yorkers, New York City's Department Locations: Central, New, U.S, — Pearl City, Honolulu, New York Honolulu, Pearl City, Hawaii, Boston Seattle Yonkers , New York Santa Rosa , California Bridgeport , Connecticut, Boston Seattle Yonkers , New York Santa Rosa , California Bridgeport , Connecticut San Francisco, Fremont , California, Jersey City , New Jersey South Burlington, Burlington , Vermont, New York City, New York, Manhattan, Brooklyn, NYC
Many Americans made more money in 2023 than the year prior, bringing the national household median income up to $80,610, according to U.S. Census Bureau Current Population Survey estimates. Middle class is commonly defined as earning between two-thirds and double the household median income. Here are household incomes that fall in the middle class in each state, plus the District of Columbia: Alabama Median household income: $60,660Middle class income range: $40,440 to $121,320 Alaska Median household income: $98,190Middle class income range: $65,460 to $196,380 Arizona Median household income: $82,660Middle class income range: $55,107 to $165,320 Arkansas Median household income: $63,250Middle class income range: $42,167 to $126,500 California Median household income: $89,870Middle class income range: $59,913 to $179,740 Colorado Median household income: $96,640Middle class income range: $64,427 to $193,280 Connecticut Median household income: $92,240Middle class income range: $61,493 to $184,480 Delaware Median household income: $86,340Middle class income range: $57,560 to $172,680 District of Columbia Median household income: $111,000Middle class income range: $74,000 to $222,000 Florida Median household income: $72,200Middle class income range: $48,133 to $144,400 Georgia Median household income: $72,420Middle class income range: $48,280 to $144,840 Hawaii Median household income: $97,360Middle class income range: $64,907 to $194,720 Idaho Median household income: $73,910Middle class income range: $49,273 to $147,820 Illinois Median household income: $87,820Middle class income range: $58,547 to $175,640 Indiana Median household income: $76,910Middle class income range: $51,273 to $153,820 Iowa Median household income: $80,860Middle class income range:$53,907 to $161,720 Kansas Median household income: $84,830Middle class income range: $56,553 to $169,660 Kentucky Median household income: $61,980Middle class income range:$41,320 to $123,960 Louisiana Median household income: $57,650Middle class income range: $38,433 to $115,300 Maine Median household income: $75,740Middle class income range: $50,493 to $151,480 Maryland Median household income: $102,000Middle class income range: $68,000 to $204,000 Massachusetts Median household income: $106,500Middle class income range: $71,000 to $213,000 Michigan Median household income: $76,960Middle class income range: $51,307 to $153,920 Minnesota Median household income: $90,340Middle class income range: $60,227 to $180,680 Mississippi Median household income: $55,060Middle class income range: $36,707 to $110,120 Missouri Median household income: $78,290Middle class income range: $52,193 to $156,580 Montana Median household income: $79,220Middle class income range: $52,813 to $158,440 Nebraska Median household income: $89,190Middle class income range: $59,460 to $178,380 Nevada Median household income: $81,310Middle class income range: $54,207 to $162,620 New Hampshire Median household income: $98,780Middle class income range: $65,853 to $197,560 New Jersey Median household income: $91,590Middle class income range: $61,060 to $183,180 New Mexico Median household income: $60,980Middle class income range: $40,653 to $121,960 New York Median household income: $81,600Middle class income range: $54,400 to $163,200 North Carolina Median household income: $68,610Middle class income range: $45,740 to $137,220 North Dakota Median household income: $76,960Middle class income range: $51,307 to $153,920 Ohio Median household income: $73,770Middle class income range: $49,180 to $147,540 Oklahoma Median household income: $67,330Middle class income range: $44,887 to $134,660 Oregon Median household income: $88,740Middle class income range: $59,160 to $177,480 Pennsylvania Median household income: $79,820Middle class income range: $53,213 to $159,640 Rhode Island Median household income: $81,860Middle class income range: $54,573 to $163,720 South Carolina Median household income: $69,100Middle class income range: $46,067 to $138,200 South Dakota Median household income: $81,740Middle class income range: $54,493 to $163,480 Tennessee Median household income: $72,700Middle class income range: $48,467 to $145,400 Texas Median household income: $79,060Middle class income range: $52,707 to $158,120 Utah Median household income: $101,200Middle class income range: $67,467 to $202,400 Vermont Median household income: $85,190Middle class income range: $56,793 to $170,380 Virginia Median household income: $96,490Middle class income range: $64,327 to $192,980 Washington Median household income: $93,440Middle class income range: $62,293 to $186,880 West Virginia Median household income: $60,410Middle class income range: $40,273 to $120,820 Wisconsin Median household income: $79,690Middle class income range: $53,127 to $159,380 Wyoming Median household income: $77,200Middle class income range: $51,467 to $154,400Low or no-minimum wages may bring down incomes in the SouthTwo places in the Sout
Organizations: Census, of Columbia, Indiana, New, North Carolina, North Dakota, Rhode, South Carolina, South Dakota, Washington, West Virginia, District of Columbia, South Carolina —, Southern Locations: U.S, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, Jersey, Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Vermont, Virginia, Wisconsin, Wyoming, South, — Mississippi, Louisiana , Alabama , Tennessee, South Carolina
It's how she's been able to obtain her Ph.D., secure a six-figure salary and purchase a small portfolio of investment properties all within the last 10 years. "I see money as a thing that you work really hard for," she says. But she's not currently putting aside any money to pay for him to go to college. "I don't expect to pay for my kid's college," she tells CNBC Make It. "I hope that he gets a scholarship, or he gets a loan so that he can pay for his own college."
Persons: Cristina Tello, Trillo, she's, Leo, Tello Organizations: U.S . Census, University of Maryland, CNBC Locations: Bethesda , Maryland
Hawaii is home to the top two retirement destinations with the highest quality of life, per WalletHub's analysis. While Florida is home to the two best overall U.S. cities for retirees, when it comes to quality of life specifically, the first Florida town on the list comes in at 17th place. "Quality of life metrics focus on aspects like the share of elderly residents, poverty rates among seniors, community support and environmental conditions," WalletHub analyst Chip Lupo tells CNBC Make It. "Together, these metrics help identify cities that offer a supportive, enriching environment for retirees." Here are the top 10 cities in the U.S. to retire for the highest quality of life, according to WalletHub.
Persons: WalletHub, Chip Lupo Organizations: Pearl City, Tax Foundation, for Community, Economic Research, . Census, CNBC Locations: U.S, Hawaii, Honolulu, Florida
White and non-Hispanic white households were the only racial or Hispanic-origin groups whose incomes rose significantly, growing by 5.4% and 5.7%, respectively. Median household income in the U.S. rose to $80,610 in 2023, according to U.S. Census Bureau estimates . While Black and Hispanic household incomes did increase, they only grew by 2.8% and 0.4% from 2022 to 2023. The gap between Asian and white non-Hispanic household earnings shrank slightly between 2022 and 2023, while the gap between white non-Hispanic and Hispanic household incomes grew. That figure drops to about $62,000 for Hispanic households and to about $45,000 among Black households in 2022, according to the Fed.
Organizations: Census, Fed, National Women's Law Locations: U.S
"I love how you can invest in properties, you earn money, you have to save money to wait for the best property. Though they may not have pushed Tello-Trillo into economics, her parents taught her about money from a young age. "I see money as a thing that you work really hard for, and then if you want to spend money [it's] because you really, really value something," she says. "But it has to be something that I really, really like, and it has to be something that is going to be useful either for the family or for the home." She and her husband split household expenses equally, and Tello-Trillo handles the mortgage payments for her rental properties on her own.
Persons: Cristina Tello, Trillo, that's, Sebastian, Leo, Tello, she's, Peru wouldn't, Roth Organizations: CNBC, Monopoly, Pontificia Universidad Catolica of, Tello, U.S . Census Bureau, University of Maryland, Washington , D.C, Yale University, YouTube, Leo Insurance, Netflix, Spotify, Amazon, Amazon Prime Locations: Peru, Nicaragua, Pontificia Universidad Catolica of Peru, Bethesda , Maryland, Washington ,, Rochester , New York, Tello, , Bethesda, Rochester, Shenandoah, Northern Virginia
More manpower.”It’s far from the only border security ad on Arizona’s airwaves. They want border security, but they also want to fix our broken immigration system,” Gallego argued in an interview with NBC News. Border security has long been one of Trump and the GOP’s top issues and a weakness for Biden and his party. That was very clear, and that’s why I voted for it.”How Gallego's roots inform his campaignIntertwined with Gallego’s border security and immigration stances are his own identity. The remarks didn’t mention border security or creating a pathway to citizenship, typical talking points of Gallego on the trail.
Persons: Ruben Gallego, “ Ruben Gallego, David Hathaway, Kari Lake, Gallego, Joe Biden, Kamala Harris, Donald “, Harris, AdImpact, , ” Gallego, Jorge Maldonado, , Trump, Biden, It’s, Marquette University Law Scott, Lake, Gallego “, , “ Ruben, “ I’ll Organizations: PHOENIX, Democratic Rep, Arizona Senate, GOP, Democratic, NBC News, NBC News ., Marquette University Law, NPR, PBS, Marist, Republican, Lake, Census, NBC, Harvard, Marines Locations: Mexico, Arizona, Santa Cruz County, Nogales, Arizona , Nevada, Georgia, Washington ,, United States, Washington, Colombian, Mexican, U.S, Chicago, Iraq
To afford life in a big city like San Francisco, California, you'd have to make double what most Americans earn, according to a May Moody's Analytics analysis. U.S. News and World Report released its ranking of the cities with the lowest cost of living, based on the median gross rent and annual housing costs for mortgage-paying homeowners. The ranking used data from sources including the U.S. Census Bureau, the FBI and the U.S. Department of Labor. The data was categorized into four indexes:Quality of life: How satisfied residents are with their daily livesHow satisfied residents are with their daily lives Value: How comfortably the average resident of each city can afford to live within their meansHow comfortably the average resident of each city can afford to live within their means Desirability: Which ranked cities people would most like to liveWhich ranked cities people would most like to live Job market: The strength of each city's job marketEach index was given a score of 0-10.
Organizations: . News, U.S . Census Bureau, FBI, U.S . Department of Labor Locations: San Francisco , California
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