Best Places to Live and Work includes four Texas cities where salaries are high and cost of living is low.
Houston, Austin, Midland and Fort Worth all have an average cost of living that is below the national figure, according to a video abut the rankings. In Austin, the average cost of living, according to CareerCast, is 6 percent less than the national average, while the city has a median household income of $63,600 with an unemployment rate of only 2.9 percent.In Houston, the average cost of living is 1 percent less than the national rate with a$60,000 median household income and a 4.8-percent unemployment rate. In Houston, to buy a median-priced home at $217,400, residents have to earn at least $52,275 per year.Midland's median household income is $77,500, with an average cost of living that's 3 percent less than the national figure and an unemployment rate of 4.3 percent.
Fort Worth's median household income is $52,430, with an average cost of living that's the same as the nationwide rate, and an unemployment rate of 4.8 percent. The study takes into account the availability of certain jobs in different regions of the country."The income a candidate can command is contingent on availability of jobs in a specific region," CareerCast editor Kyle Kensing said in a prepared statement. "For example, the San Francisco Bay Area – which ranks behind only New York City for average cost of living – might be your best value if you work in computer science. Corporate housing companies reports higher vacancy compare to last year slow season ,which reflects the job cuts in the oil and gas industry due to the oil slump ,but stay optimistic towards 2017 with high hope that the technology industry
will grow and raise up.