More cash in Cowtown
A new study indicates it’s really worth it to live and work in Fort Worth.
The study, done by BusinessStudent.com, puts Fort Worth at No. 7 among the country’s 25 most affordable places to live and work for 2019. Four other Texas cities appear in the top 25:
- College Station (No. 18)
- Irving (No. 21)
- Dallas (No. 22)
- Houston (No. 24)
Noticeably absent from the top 25 are Austin and San Antonio.
“Making a high salary is great,” BusinessStudent.com points out, “but if rents are so high that you have very little disposable income left over, are you going to be able to put money away for a rainy day?”
“Obviously,” the website adds, “a person’s individual cultural and social tastes should also be considered, but from a purely financial standpoint, it would be wise to consult this list ... before you begin your next job or home search.”
To come up with its list, BusinessStudent.com examined salaries for 100 business-related jobs on Indeed.com and compared them with the average rent of a two-bedroom apartment listed on Rentjungle.com. In the top three positions on BusinessStudent.com’s affordability list are Tulsa, Oklahoma; Lexington, Kentucky; and Oklahoma City, Oklahoma.
The study found that in Fort Worth, residents had 82 percent of their salary left after paying rent. That’s based on an average annual salary of $75,797 and average monthly rent of $1,108.
In College Station, 80 percent of the average salary ($55,086) remained after paying rent ($906 a month).
In Irving, 79 percent of the average annual salary ($77,527) was left after paying rent ($1,327 a month). Dallas had the same share of salary remaining after paying rent (79 percent), but the average salary ($82,609) and average rent ($1,422) were considerably higher than in Fort Worth or Irving.
Houston also checked in at 79 percent of the average annual salary ($79,579) left after paying the average rent ($1,401).