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Having a well-establishedsavings accountcan have many benefits.
It can serve as an emergency fund, give you the ability to earn interest and provide financial security.
Listed below are the 50 worst cities to live inif you want to work on increasing your savings.
Atherton, California
2.
Hillsborough, California
3.
Portola Valley, California
4.
Jackson, Wyoming
5.
Burlingame, California
6.
Los Gatos, California
7.
Emerald Lake Hills, California
8.
San Carlos, California
9.
Belmont, California
10.
Foster City, California
11.
Great Falls, Virginia
12.
Brentwood, Tennessee
13.
Key West, Florida
14.
Dunn Loring, Virginia
15.
Vienna, Virginia
16.
Cedarhurst, New York
17.
Key Largo, Florida
18.
Arlington, Virginia
19.
Niwot, Colorado
20.
Marathon, Florida
21.
San Francisco
22.
Morgan Hill, California
23.
Fort Hunt, Virginia
24.
Franklin, Tennessee
25.
Rockville Centre, New York
26.
Hewlett, New York
27.
Nolensville, Tennessee
28.
Plainview, New York
29.
Purcellville, Virginia
30.
Tavernier, Florida
31.
Falls Church, Virginia
32.
Leesburg, Virginia
33.
Chantilly, Virginia
34.
Ashburn, Virginia
35.
New York
36.
Fairfax, Virginia
37.
Big Coppitt Key, Florida
38.
Lone Tree, Colorado
39.
Annandale, Virginia
40.
Big Pine Key, Florida
41.
Fort Belvoir, Virginia
42.
Larkspur, Colorado
43.
Lovettsville, Virginia
44.
Herndon, Virginia
45.
Hybla Valley, Virginia
46.
Burke, Virginia
47.
Alexandria, Virginia
48.
Oceanside, New York
49.
East Meadow, New York
50.
Castle Pines, Colorado
Photo Disclaimer: hey note photos are for representational purposes only.
As a result, some of the photos might not reflect the locations listed in this article.
First, GOBankingRates found the cost-of-living indexes for each state as sourced from theMissouri Economic and Research Information Center.
The average single-family value from June 2024 was sourced from Zillow Home Value Index for each state.
Using the average mortgage andaverage expenditure cost, the average monthly and annual cost of living can be calculated.
The livability index was sourced from AreaVibes and included as supplemental information.
Each city can be compared with its statewide average to determine the worst places to build your savings.
The cities were sorted to show the worst places to build savings.
All data was collected on and is up to date as of July 29, 2024.
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