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Author Topic: Most Mustachian Cities ranked  (Read 2799 times)

CaveDweller

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Most Mustachian Cities ranked
« on: October 26, 2015, 11:01:34 AM »
Thought some of you might find this interesting. It's a Bankrate ranking of top cities for building wealth.

Personally I've lived in DC, and though I love the city I did NOT find it an economical place to be with such high rents. Anyone have good things to say about Houston?

http://www.bankrate.com/finance/savings/what-makes-cities-good-for-building-wealth.aspx
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zephyr911

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Re: Most Mustachian Cities ranked
« Reply #1 on: October 26, 2015, 11:55:01 AM »
How come they only looked at the 18 largest cities to begin with?

My town has highly competitive pay in certain sectors (including mine) but ridiculously low COL, which is basically why I'm here. It's a huge mismatch. Like, even with a car payment and some bad habits, 75% SR isn't hard here.

I don't picture that being so easy in most of these cities.
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Matt in Akron

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Re: Most Mustachian Cities ranked
« Reply #2 on: October 26, 2015, 02:17:07 PM »
No comments on the methodology, but I will put in a big old "+1" for Cleveland - and really NE Ohio in general.

Extremely affordable housing and generally low cost of living otherwise (insurance, utilities, etc).  Employment opportunities range from "good" in most sectors to "really good" in others (banking/finance related, healthcare).  Lots of access to parks and the outdoors and free things to do year-round. Decent/effective public transportation if you live close enough (I rode the bus to work for over 2 years from Akron, 30mi south of Cleveland) - so you could realistically be a single or zero car household.  It's not Chicago/NYC in terms of public transportation but if you choose your location wisely it will more than meet your needs.  There is growing support for making downtown more bike accessible.  I'd say we have a solid Mustachian foundation and things only look to be improving.

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DaveR

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Re: Most Mustachian Cities ranked
« Reply #3 on: October 26, 2015, 05:27:11 PM »
I almost stopped reading when they said this: The results were surprising: The best areas for building wealth, it turns out, are not necessarily the biggest.

So, they hypothesized that the bigger the city the bigger the wealth building opportunity? Huh?

I like how DC is #1 in "Savable Income" and #18 in Debt (lower is better, so of their 18 metros, DC has highest debt). Apparently everyone there has lots of extra income that they use to... service debt. Hmmm. And they talk about SF being pushed down the list due to high debt burden?

Weird rankings, no raw data to back it up. But they probably accomplished their goal with the article: I read it.
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