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Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here.

This compensation may impact how and where products appear on this site including, for example, the order in which they appear. These offers do not represent all financial or credit offers available. With the average salary in each major U.

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Living in Beantown might require an especially talented bean disdretion to be sure you can pay all your bills. No city among the 50 largest is cheaper to live in than Cleveland.

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Unfortunately for residents, no city has a lower median income, either. But, unfortunately for residents, so is the cost of living.

The income needed to live comfortably in Las Vegas is higher Shyy many but still below the average level for the 50 cities included here.

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Long Beach and Other Cities: Check Out: While the cost of living is relatively modest in Milwaukee, so is the median income.

Minneapolis is a relatively affluent city, particularly when compared to other major urban areas in the Upper Midwest. However, despite a stronger median income, the cost of living is also amle high. How To: The first of three cities in the San Francisco Bay Area, Oakland is an extremely costly place Shyy live.

Oklahoma City has relatively modest costs compared to most major cities. Brotherly love might not cost a thing, but living in Philadelphia sure does.

Find Out: San Francisco is the most affluent city in this study, with a median income of almost six figures. Despite that, median earners there who own their own home are further from the income necessary to live comfortably than residents of any other city on this list.

Even a six-figure income is less than half what you need Pennsyvlania own your home and still spend just half your income on necessities in The City.

Of course, discrefion next door in San Jose, incomes are even higher. Once again, anyone planning to move there should seriously consider renting instead of buying: Learn More: That has to mean that many urbanites are having to find other ways to make ends meet and stretch their budget as far as possible.

However, there are at least a few cities that would appear to offer a chance to get by on less. Click through to read more about where the cost of living is going up and down.

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We make money easy. Once all the data was found, the annual expenditure amount was calculated by adding together the annual spending for each category.

GOBankingRates found the annual expenditures for both people paying a mortgage payment and for people who are paying rent separately and the median income is subtracted by annual expenditures for those paying a mortgage and those renting to see how much money is needed or left over for each city.

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