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

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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.

    Cost-of-living ratio: 39%

    Median base salary: $54,000

    Median home value: $137,500

    Number of open jobs: 22,693

    Louisville, Kentucky
    Raymond Boyd | Getty Images
  • 9. Kansas City, Mo.

    Cost-of-living ratio: 39%

    Median base salary: $58,000

    Median home value: $147,500

    Number of open jobs: 35,639

    Kansas City skyline.
    Eric Bowers | Getty Images
  • 8. Birmingham, Ala.

    Cost-of-living ratio: 40%

    Median base salary: $50,800

    Median home value: $128,000

    Number of open jobs: 15,299

    Birmingham, Alabama.
    Sean Pavorie | Getty Images
  • 7. Cincinnati

    Cost-of-living ratio: 40%

    Median base salary: $57,179

    Median home value: $143,400

    Number of open jobs: 32,605

    Terrace Park is a village in Greater Cincinnati
    Swapen Jha | Getty Images
  • 6. St. Louis

    Cost-of-living ratio: 40%

    Median base salary: $56,896

    Median home value: $141,900

    Number of open jobs: 35,300

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

    Cost-of-living ratio: 43%

    Median base salary: $56,000

    Median home value: $130,200

    Number of open jobs: 33,090

    Downtown Indianapolis
    Education Images | UIG | Getty Images
  • 4. Cleveland

    Cost-of-living ratio: 44%

    Median base salary: $55,000

    Median home value: $125,500

    Number of open jobs: 29,304

    Swapan Jha | Getty Images
  • 3. Pittsburgh

    Cost-of-living ratio: 45%

    Median base salary: $56,896

    Median home value: $126,700

    Number of open jobs: 46,379

    Pittsburgh, Pennsylvania
    Walter Bibikow | Getty Images
  • 2. Memphis, Tenn.

    Cost-of-living ratio: 46%

    Median base salary: $52,000

    Median home value: $112,100

    Number of open jobs: 17,982

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

    Cost-of-living ratio: 50%

    Median base salary: $61,500

    Median home value: $123,100

    Number of open jobs: 54,808

    Detroit, Michigan
    Paul Marotta | Getty Images