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But with so many budgeting methods to choose from, it can be hard to know where to start.
The idea is to prioritize necessary spending and savings while still allowing for some guilt-free discretionary spending.
But how realistic is that allocation?
That amount was doubled to indicate how much youd have to earn to live comfortably using the50/30/20 budget.
But transportation is pricey, averaging $1,033 per month.
Monthly expenses average $2,727.
Their utilities are among the highest of the largest cities: $392 per month.
If youre an average Tulsa homeowner, you canexpect a mortgage paymentof $1,157 per month.
Healthcare costs, on the other hand, are among the highest in the country.
How Far Does Your Budget Go in Other Large Cities?
Heres a look at living costs in the other 45 cities GOBankingRates researched.
The most populated cities were found in the US Census American Community Survey.
Using the expenditures and mortgage, the total cost of living can be calculated.
The cities were sorted to show the cheapest cost of living first.
The data is accurate and up to date as of Sept. 17, 2024.
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