Where is the best place to make money, The 10 Highest Paying Cities
Well, experts say you should go to college, find a good job, invest in the stock market, start your own business, and go to networking events to name a few things.
All of that undoubtedly can contribute to your success, but what you rarely hear talked about is location, location, location.
The 22 best places to live in America if you want to make a lot of money
When it comes to building wealth, all cities are not created equal. Some towns are ripe with opportunity, and others have distinct advantages like low tax rates, higher wages, and an economy that requires specialized skills. Why you might ask?
So tourism is a significant driver of the local economy. Undoubtedly, that can set you up for a high paying job at the likes of Boeing, Kraft, or Allstate. The only drawback of Chicago is their brutally frigid winters and a consistent ranking as one of the most dangerous cities in America.
Although most of the crime is centered in a few locations. Well, that has a lot to do with the fact that their population has more academic degrees than the national average. They also have a 2.
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Houston has a thriving nightlife, competitive sports franchises, and oh yea, housing is pretty cheap there compared to other major cities also. The healthcare sector is a huge driver of economic growth in this city. Indeed, a large portion of their population holds lucrative jobs at hospitals and medical research universities.
Workers in Philadelphia are known to earn top salaries from companies like Wells Fargo. The city also has a thriving nightlife and sports scene as they are the home of the Eagles, 76ers, Flyers, and Phillies.
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There are an ample amount of opportunities to find work in lucrative fields like construction, technology, and healthcare. The tourism sector is also growing rapidly, which also helps fuel job growth. If you work in a science-focused field, the city has opportunities at companies like Xcel Energy and Medtronic.
In particular, the bioscience field is experiencing the most growth.
20 U.S. Cities Where you Can Make the Most Money
That has created a bevy of job opportunities at places like John Hopkins University and the University of Maryland. One of the things that draw people to this town is the varied job market though.
In Los Angeles, you will find top employers in manufacturing, transportation, and business. So the beaches stay packed with locals and tourist.
In fact, tourism in San Diego sees more than 30 million visitors annually.
Be over-productive. Step up your game so that when all of this over, you have some potential leverage to talk to your bosses about trying a work-at-home life. Not everyone will.
If you want to try your hand at entering the lucrative where is the best place to make money industry, this is the place to be. The city has an old school atmosphere where everybody knows their neighbor. Boasting an unemployment rate below the national average and home to tech giant Amazon.
Because of this fact: Even though New York ranks fifth amongst the highest paying cities in the country, it also ranks amongst the highest in terms of cost of living. The city is the global headquarters of dozens of Fortune companies, including Pfizer and Goldman Sachs.
Just beware, it is a dog eat dog world in the city that never sleeps. Not only does Boston rank amongst the top cities for sports fans but it also consistently stays on the cutting edge of medicine and technology.
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In terms of the desirability, Boston is one of the best places you can live both regarding income opportunities and culture. But besides that, DC has a robust job market in both the education and health services industry.
The average salary is higher than average due to the presence of government officials and private contractors, which bodes well for people looking for work in the information technology sector. But DC also draws in a swarm of tourist each year, which keeps the local leisure and hospitality industries swimming in cash.
The Best City In The World To Make Money: San Francisco
In fact, the city is the headquarters for both the Hilton Worldwide and Marriott International. Although the price of living in San Francisco has skyrocketed in the last ten years due to an influx of tech startups setting up shop in the Bay Area, there are plenty of well-paying jobs to go around. Tech gets all the attention in the bay, but the San Francisco is also home to over 30 international finance headquarters.
If you have skills that are valuable to that sector, this is the place to be.