Living in an entertainment-filled city is no fun when a major chunk of your salary goes toward rent.
Earning a high wage doesn’t necessarily mean you’ll be living a lavish life, either.
BusinessStudent.com released a study, “The Places in America Where All Your Salary Goes to Rent,” to help those in business-related fields find the careers and locations best suited to them financially. (The report acknowledges that “business” is a broad term. Lemonade stands? Pop-up taxidermy salons, maybe?)
Despite the title, the study dives into multiple data related to business careers. It ranks careers in a given field that earn the highest average salary, the states with the highest average salary, and the cities with the highest and lowest average salaries. It also lists cities where a large portion of your money won’t go toward rent, as well as the ones where it will.
The lists were compiled using the site’s Business Jobs Index, which comprises 127 business-related positions and their salaries from Indeed.com.
To start, the report lists the business-related careers that earned the highest average salary.
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Many communications careers made the list: director of communications, marketing executive and marketing communications manager, to name a few. Chief marketing officer landed at No. 4 on the list, with an average salary of $138,905.
Here are the five business-related careers with the highest average salaries, according to the Business Jobs Index. (If you have the word “chief” in your title, you’re probably doing just fine.)
- Medical director: $187,354
- Chief medical officer: $171,323
- Chief technology officer: $138,905
- Chief marketing officer: $138,905
- Director of engineering: $127,739
Of course, many of us have yet to reach a point in our careers where we’re making the big bucks, so the study goes on to rank the highest average salary by state, as well as the District of Columbia. Here are the top five:
- Washington, D.C.: $89,140
- California: $88,984
- New York: $87,980
- Massachusetts: $87,738
- New Jersey: $83,683
It dives even deeper, ranking the highest average salary per city, too. Check out the list of the five cities where you’ll earn the most, on average. You’ll notice a Silicon Valley theme:
- Palo Alto, California: $115,637
- Cupertino, California: $109,279
- San Jose, California: $107,243
- Sunnyvale, California: $105,456
- Redwood City, California: $104,848
By contrast, here are the five cities where you’ll earn the lowest average salary:
- Mattapan, Massachusetts: $36,942
- Athens, Georgia: $50,995
- Fayetteville, Arizona: $52,990
- Tallahassee, Florida: $55,040
- College Station, Texas: $55,086
Living in a city that boasts a high average salary sounds great, unless you’re paying exorbitant rent relative to your salary. So, BusinessStudent.com breaks down the cities with the highest salary relative to rent costs and calculated the average amount of money residents would have left after paying rent. Here is a list of the top five cities where your salary stretches furthest:
- Palo Alto, California: $115,637 average salary, $3,928 average monthly rent for a two-bedroom apartment, with an average of $68,501 left over.
- San Jose, California: $107,243 average salary, $3,325 average monthly rent for a two-bedroom apartment, with an average of $67,343 left over.
- Detroit: $81,197 average salary, $1,292 average monthly rent for a two-bedroom apartment, with an average of $65,693 left over.
- Dallas: $82,609 average salary, $1,422 average monthly rent for a two-bedroom apartment, with an average of $65,545 left over.
- Sunnyvale, California: $105,456 average salary, $3,449 average monthly rent for a two-bedroom apartment, with an average of $64,068 left over.
As a Chicagoan, I’d like to note that “The Second City” landed No. 6 on the list, with an average salary of $88,351, average monthly rent of a two-bedroom apartment costing $2,096, with an average of $63,199 left over.
Finally, the study lists cities with the highest rent for a two-bedroom apartment when compared against the average salary. Here are the five cities that cost the most to live in, according to the study:
- College Station, Texas: $55,086 average salary, $906 average monthly rent for a two-bedroom apartment, with an average of $44,214 left over.
- Miami: $73,635 average salary, $2,446 average monthly rent for a two-bedroom apartment, with an average of $44,283 left over.
- San Francisco: $101,205 average salary, $4,509 average monthly rent for a two-bedroom apartment, with an average of $47,097 left over.
- New York City: $92,130 average salary, $3,713 average monthly rent for a two-bedroom apartment, with an average of $47,574 left over.
- Fort Lauderdale, Florida: $77,095 average salary, $2,369 average monthly rent for a two-bedroom apartment, with an average of $48,667 left over.
Check out the full report here, to see where your state ranks—and to find out whether your city made any of the lists.
Want to work where the average salary allows you to have significant cash after paying rent—you know, for little luxuries like food and clothing, maybe even transportation to your nifty new job?
Here are a few career opportunities from the top five cities where your salary goes furthest:
- Stanford Health Care is searching for a digital content lead in Palo Alto, California.
- Western Digital is seeking a product marketing manager in San Jose, California.
- PwC is on the search for a risk and regulatory editor-in-chief in Detroit.
- Topgolf is looking for a head of corporate communications in Dallas.
- Thermo Fisher Scientific seeks a senior marketing communications specialist in Sunnyvale, California.
Not the job for you? See what else we have in our weekly professional pickings:
Employee engagement and communications supervisor—Puget Sound Energy (Washington)
Senior associate, social media marketing—Pandora (New York)
Senior marketing manager – content engagement creative—Universal Orlando Resort (Florida)
Manager, global sales communications—Delta Air Lines (Georgia)
U.S. internal communications manager—McDonald’s (Illinois)
Communications manager—Tom Tom Foundation (Virginia)
Digital first editor—Idaho Press (Idaho)
Marketing specialist, Alexa—Amazon (Washington)
Editor—Imagination (Washington, D.C.)
Internal communications director—Coldwell Banker (New Jersey)
Director of communications—Indiana Dental Association (Indiana)
Creative strategist—Salesforce (Illinois)
Brand publicity manager—Scholastic Inc. (New York)
Digital performance marketing manager—TD (Canada)
Social media strategist—PlayStation (California)
Senior manager, social media—Public Broadcasting Service (Virginia)
Editorial intern—Washington Monthly (Washington, D.C.)
Senior copywriter—Heartland Payment Systems (Oklahoma)
Manager, marketing operations U.K.—Netflix (United Kingdom)
Senior brand copywriter—Campaign Monitor (Tennessee)
Communication specialist—McKinsey & Co. (Florida)
Global marketing communications associate—Mattel Inc. (Canada)
Web content writer—O’Reilly Auto Parts (Missouri)
Marketing coordinator—S&P Global Marketing Intelligence (United Kingdom)
Editorial manager—PVH Corp. (New York)
If you have a position you’d like to see highlighted in PR Daily’s weekly jobs post, or if you’re searching for career opportunities, RaganJobs.com is the perfect place to find or post high-quality job openings.
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