Top U.S. Cities for Saving Money

Ever heard of the saying “everything’s bigger in Texas”? Apparently, the popular saying is applicable to the saving accounts of Texans, too. GoBankingRates.com ranked the 100 largest U.S. cities from best to worst on seven factors that affect a person’s ability to save--factoring in median home prices, incomes, monthly rents, etc. The results place five Texas towns on their list of the top 15 thriftiest places in the U.S.

Cameron Huddleston, Life + Money columnist for GoBankingRates, suggests that, “if you’re looking for an affordable place to live that will leave enough money in your budget to stash in savings, consider the South, Southwest, or Midwest… most of the best cities for savers are in these regions, where housing costs and everyday expenses are relatively low.”

California, on the other hand, fared differently in the study as results show five of its cities could make the biggest dent in residents’ savings. These cities are San Francisco, Los Angeles, Oakland, Irvine, and Anaheim.

Here are the top 15 U.S. cities where you can save (money) in peace:

1. Gilbert, Ariz.
2. Plano, Texas
3. Lubbock, Texas
4. Kansas City, Mo.
5. Chandler, Ariz.
6. Virginia Beach, Va.
7. San Antonio
8. Fort Wayne, Ind.
9. Omaha, Neb.
10. Tulsa, Okla.
11. Arlington, Texas
12. Austin, Texas
13. Oklahoma City
14. Colorado Springs, Colo.
15. Garland, Texas

To read the entire article about this study by GoBankingRates.com, you may access the complete BUILDER Online article here.