Pennsylvania Has 2 of the Best Cities for Young Adults to Get Rich
If you want to be rich in life, it’s best to think about that goal early and often. As it turns out, Pennsylvania has two of the best cities in America for young adults to get rich.
The news comes from Moneyunder30.com, who conducted a study to determine the 10 cities with the most affordable housing and above-average salaries for 18-to-34-year-olds. “If you want to grow wealthy, where you live matters,” they state in the study. “Although Silicon Valley may be today’s locale of choice for aspiring members of the triple comma club, most of us aren’t going to strike silicon gold by launching the next Facebook.” They add, “Money Under 30 studied cities across the United States to find the ideal combination of modest expenses and decent salaries. In other words, we looked for locations where you can earn and save at the same time.”
As for methodology, Moneyunder30.com at how much young people were earning in each location. For example, a high per capita income doesn’t mean much of the people in that bracket are older. So, they looked for cities with a high per capita income for people under 34.
Before we get to Pennsylvania, the No. 1 best city for young adults to get rich is actually South Bend, Indiana. There, the median income (with a bachelor’s or higher) is $71,829, and young people making more than $35,000 per year is 65%. Median rent is only $720, too.
As for Pennsylvania, Harrisburg came in at No. 6. There, the median income (with a bachelor’s or higher) is $47,211. Young people making more than $35,000 per year is 49%. At. No. 9 is Lancaster. There, the median income (with a bachelor’s or higher) is $50,057. Young people making more than $35,000 per year is 46%. Find the full list of the best cities for young adults to get rich in America here.
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