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- 15 US cities where it can feel like saving money is nearly impossible
15 US cities where it can feel like saving money is nearly impossible
15. Anaheim, California
14. San Diego, California
With median rents exceeding half of monthly median take-home incomes, this is a city where savers will have a tough time having much left over.
Median household income: $71,353
Median rent for a single-family home: $3,095
13. Stockton, California
In Stockton, California, affordable housing doesn't even out the fact that median household incomes fall below $50,000 per year.
Median household income: $48,396
Median rent for a single-family home: $1,595
12. Miami, Florida
Miami is anything but budget friendly — if a family made the median income and paid the median rent, they'd have just $433.25 left over per month for all other expenses.
Median household income: $33,999
Median rent for a single-family home: $2,400
11. Irvine, California
Irvine, California is south of Los Angeles, and while it might have a high median income, high costs of living prevent many from saving too much of it.
Median household income: $95,573
Median rent for a single-family home: $3,800
10. Boston, Massachusetts
In Boston, high rents won't be your only concern. Food and eating out is rather expensive in this city, and for those looking to buy a home, a median price of $749,000 isn't friendly to the typical family's income.
Median household income: $62,021
Median rent for a single-family home: $3,000
9. Fremont, California
Even though median incomes cross the six-figure mark, it's not easy to save with high rents. For those making less than the median income, homeownership is a tough dream, with median home prices at $999,999.
Median household income: $122,191
Median rent for a single-family home: $3,500
8. Oakland, California
Across the bay from incredibly expensive San Francisco, California, Oakland is slightly less expensive, though it will still be a tough city to save in.
Median household income: $63,251
Median rent for a single-family home: $3,000
7. Seattle
While incomes tend to keep up with housing costs, other costs like dining out, groceries and transportation make this a very unfriendly city for savers.
Median household income: $79,596
Median rent for a single-family home: $2,950
6. Honolulu, Hawaii
The Aloha State's capitol is a very expensive place to live in terms of both housing costs and everyday expenses.
Median household income: $65,707
Median rent for a single-family home: $2,500
5. San Jose, California
San Jose, California has the third highest rent and housing costs in the United States, according to GOBankingRates' data. Just because salaries are high doesn't mean that it's good for those looking to build their savings accounts.
Median household income: $96,662
Median rent for a single-family home: $3,700
4. Washington DC
The nation's capital isn't friendly to those who want to save. From food to dining out to taking public transportation, it will cost more in DC.
Median household income: $77,649
Median rent for a single-family home: $3,400
3. Los Angeles, California
In Los Angeles, incomes don't quite keep up with housing costs — a family earning the median income and paying median rent costs will spend over half of their income on housing alone.
Median household income: $54,501
Median rent for a single-family home: $3,800
2. New York, New York
New York residents pay much less in rent than Los Angeles residents, but the typical family will still spend about half their income on rent if they earn and spend the median amounts.
Median household income: $57,782
Median rent for a single-family home: $2,400
1. San Francisco, California
San Francisco's median income doesn't even cross the six-figure mark, and a family with median incomes and rent costs will also spend over half their income on rent. But with the median home cost at $1,295,000, homeownership could be difficult.
Median household income: $96,265
Median rent for a single-family home: $4,650
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