Forbes released its 2016 listing of the 25 major cities in which your paycheck will go a lot further, and three Texas cities have made the list. Determined on a variety of factors, including which cities were providing employees with the most value for dollar in terms of wages and cost of living, the list also includes data analysis by Glassdoor, who compared median metro home value to medium base salary on 1,000 salary reports (submitted by employees within each metro area.)
Forbes Says Stretch Your Paycheck in These 3 Texas Cities
Ranking 12, 16, and 18, respectively, were the cities of Houston, San Antonio, and Dallas-Fort Worth. In determining the list, salary comparisons were made across each of the cities, job search criteria were analyzed, and the cost of living per metro area was taken into account.
Median values for each of the Texas cities that made the top 25 were listed as follows:
- Houston base salary of $65,000 and home value of $172,100
- San Antonio base salary of $55,000 and home value of $150,200
- Dallas-Fort Worth base salary of $61,000 and home value of $182,100
Detroit, Michigan ranked number 1, taking into account its property values, city restructuring, job searches, and cost of living. Their median income registered at 61,500 and their median home value listed at 123,100. All home values for every city on the list were calculated on the March 2016 Zillow Home Value Index for All Homes.