A generous salary might not mean much if your cost of living is through the roof.
Job seekers looking for that prime combination of a well-paid job and affordable housing aren't necessarily out of luck. New data from LinkedIn and Zillow found 15 cities where finance workers can still keep a lot of their income after covering housing costs. (They also looked at the best affordable cities for health-care and techworkers.)
"High demand and inventory shortages have driven up housing prices in some markets so much that even if you land a great job, the salary might not cover living within commuting distance," Zillow's chief economist Svenja Gudell said. "On the other hand, the nation's most affordable housing markets don't always offer plentiful employment opportunities."
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To come up with the rankings, LinkedIn and Zillow used a combination of housing and employment data. That included hiring trends, median wages, income tax rates and median monthly housing costs.
Housing is often one of families' biggest expenses, and a move that lets you reduce that cost could make a big difference in your financial situation, said certified financial planner Mark LaSpisa, president of Vermillion Financial Advisors in South Barrington, Illinois.
"Are you behind the eight ball and you haven't saved much, and we can use that [cost reduction] to catch up? That's a great opportunity," he said.