Online employment emporium CareerCast.com has 10 suggestions for job-seekers looking to relocate to cities to get the most bang for their salary buck. "Whether you're a recent college grad or someone looking for high-paying careers in metropolitan areas with a low cost of living, CareerCast's Best Places to Live and Work report is a guide to some of the best places to consider," according to the site.
CareerCast.com staff cross-referenced the salaries of the 200 careers tracked by the site's Jobs Rated report, "broken down by metropolitan area via the U.S. Bureau of Labor Statistics," site editors said. "We then measured average cost of living in cities that paid comparatively well in a broad range of sectors, using Payscale.com's Cost of Living Calculator, with data via the Council for Community and Economic Research."
CNBC.com shares CareerCast.com's picks of the best U.S. cities for return on salary.
Source: Careercast.com
Posted 21 December 2016
Austin, Texas
"Median household income: $63,603
Average cost of living (per national average): –6 percent
Unemployment rate: 2.9 percent
The Texas capital and home to the University of Texas-at-Austin is a buzzing hot spot for tourism. Austin has one of the best music scenes in America, spotlighted each March with the South-By-Southwest Festival.
For residents, Austin is an inexpensive place to live, with burgeoning career opportunities. The city has a growing tech sector, and it's one of the highest-paying cities in America for petroleum engineers and logisticians."
Source: Careercast.com
Columbus, Ohio
"Median household income: $56,371
Average cost of living (per national average): –10 percent
Unemployment rate: 3.8 percent
Ohio's capital city is one of the best-paying areas in America for a diverse range of jobs, [such as] economists and fashion designers. With an average cost of living 10 percent below the national average, Columbus is also one of the most affordable major cities in the United States."
Source: Careercast.com
Durham, North Carolina
"Median household income: $51,988
Average cost of living (per national average): –8 percent
Unemployment rate: 4.2 percent
Part of North Carolina's ballyhooed Research Triangle, Durham is a growing professional hub of the United States.
Among the high-paying careers in which Durham ranks as a top-paying city are public relations executive and corporate executive."
Source: Careercast.com
Fort Worth–Arlington Metro, Texas
"Median household income: $52,430
Average cost of living (per national average): 0 percent
Unemployment rate: 3.5 percent
The 'Metroplex,' which also includes Dallas, is booming. The area built its economy and reputation on the oil industry, which remains an important part of its job-market identity.
However, Fort Worth–Arlington ranks as one of the highest-paying cities in America for a range of different fields, [such as] actuary, veterinarian and psychiatrist."
Source: Careercast.com
Houston
"Median household income: $60,072
Average cost of living (per national average): –1 percent
Unemployment rate: 4.8 percent
Houston is an economic gem in that it pays comparably to places [such as] New York and San Francisco, and has a similarly diverse job-market landscape, yet cost of living is more in line with the rest of the Texas.
No matter your sector, chances are Houston offers well-paid opportunities, at a cost of living below the national average."
Source: Careercast.com
Lincoln, Nebraska
"Median household income: $52,046
Average cost of living (per national average) : –10 percent
Unemployment rate: 2.5 percent
The University of Nebraska-Lincoln and the agricultural industry power Lincoln, a low-cost small metropolitan area. Lincoln's also seeing residual impact from its close proximity to Omaha, a burgeoning epicenter of the financial industry."
Source: Careercast.com
Midland, Texas
"Median household income: $77,574
Average cost of living (per national average): –3 percent
Unemployment rate: 4.3 percent
Located south of Lubbock and east of Odessa, Midland is an integral city in the U.S. energy industry, reflective in the attractive salary averages for petroleum engineers and geologists in this West Texas city.
Midland's job growth of nearly 8 percent in recent years has help push the unemployment rate below the national average."
Source: Careercast.com
Pittsburgh
"Median household income: $52,293
Average cost of living (per national average): –4 percent
Unemployment rate: 5.7 percent
Of the major cities in the Northeast and Mid-Atlantic, Pittsburgh ranks as one of the most affordable by a considerable margin. Its average cost of living is below the national average, a rarity when compared to nearby Allentown (+6 percent), Philadelphia (+20 percent), Baltimore (+9 percent) and Bethesda (+26 percent).
Like other cities in our Top 10, Pittsburgh has a thriving university landscape. It's also an important hub in the insurance industry."
Source: Careercast.com
Tucson, Arizona
"Median household income: $45,856
Average cost of living (per national average): –2 percent
Unemployment rate: 5.0 percent
With the University of Arizona as its nucleus, Tucson is a fast-growing city with a diverse job market. It ranks as one of the highest-paying cities for health-care fields, including psychiatrist and surgeon. The massive University of Arizona Medical Center plays a role in the Old Pueblo's growing health-care sector."
Source: Careercast.com
Wausau, Wisconsin
"Median household income: $53,300
Average cost of living (per national average): –9 percent
Unemployment rate: 3.4 percent
Surgeons and dentists in Wausau are among the nation's highest-paid. The city's overall median household income ($53,300) is right in line with the national average, per the U.S. Census, while also maintaining an average cost of living well below the national average."
Source: Careercast.com