Personal Finance

The top 10 cities where you can live like royalty on a $60,000 salary

Queen Elizabeth II and the Duke of Edinburgh wave from the balcony at Buckingham Palace during the queen's coronation celebrations June 2, 1953.
Keystone | Getty Images

You don't necessarily need to make more money to improve your quality of life. It can also come down to where you choose to live.

The best places are likely the ones where you can find a job, earn a good salary and buy a nice home. In a 2016 report, job-hunting site Glassdoor calculated the top spots where an average paycheck goes the furthest, based on salaries and home values. To do so, the jobs site came up with a cost-of-living ratio — a city's median base salary divided by its median home value. (A higher ratio number is better.)

Noticeably missing are some of America's biggest cities. While you can certainly earn more in hubs like New York and San Francisco, few people can afford to buy a house or an apartment there.

Here are the top 10 places where your pay can go a very long way and the quality of life is great (even without a view of the Golden Gate).

10. Louisville, Ky.

Louisville, Kentucky
Raymond Boyd | Getty Images

Cost-of-living ratio: 39%

Median base salary: $54,000

Median home value: $137,500

Number of open jobs: 22,693

9. Kansas City, Mo.

Kansas City skyline.
Eric Bowers | Getty Images

Cost-of-living ratio: 39%

Median base salary: $58,000

Median home value: $147,500

Number of open jobs: 35,639

8. Birmingham, Ala.

Birmingham, Alabama.
Sean Pavorie | Getty Images

Cost-of-living ratio: 40%

Median base salary: $50,800

Median home value: $128,000

Number of open jobs: 15,299

7. Cincinnati

Terrace Park is a village in Greater Cincinnati
Swapen Jha | Getty Images

Cost-of-living ratio: 40%

Median base salary: $57,179

Median home value: $143,400

Number of open jobs: 32,605

6. St. Louis

Ladue is an inner-ring suburb of St. Louis
Walter Bibikow | Getty Images

Cost-of-living ratio: 40%

Median base salary: $56,896

Median home value: $141,900

Number of open jobs: 35,300

5. Indianapolis

Downtown Indianapolis
Education Images | UIG | Getty Images

Cost-of-living ratio: 43%

Median base salary: $56,000

Median home value: $130,200

Number of open jobs: 33,090

4. Cleveland

Swapan Jha | Getty Images

Cost-of-living ratio: 44%

Median base salary: $55,000

Median home value: $125,500

Number of open jobs: 29,304

3. Pittsburgh

Pittsburgh, Pennsylvania
Walter Bibikow | Getty Images

Cost-of-living ratio: 45%

Median base salary: $56,896

Median home value: $126,700

Number of open jobs: 46,379

2. Memphis, Tenn.

Beale Street in Memphis, Tennessee.
Bruce Yuanyue Bi | Getty Images

Cost-of-living ratio: 46%

Median base salary: $52,000

Median home value: $112,100

Number of open jobs: 17,982

1. Detroit

Detroit, Michigan
Paul Marotta | Getty Images

Cost-of-living ratio: 50%

Median base salary: $61,500

Median home value: $123,100

Number of open jobs: 54,808

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