From Yahoo Finance: 2025-05-10 09:00:00

A healthy savings account is crucial for long-term financial stability, providing safety nets for emergencies and retirement. GOBankingRates compiled a list of cities with populations over 100,000 to find the 20 best for growing savings, based on income levels and cost of living data. These cities offer stable incomes and low costs, ideal for savings growth.

Among these cities, the one with the highest median household income is able to save $82,452 annually, with a cost of living at $68,485. These statistics highlight the potential for substantial savings in the right environment. Median household incomes, cost of living, and savings potential vary across different cities, providing insight into the best places for financial growth.

One city stands out with a median income of $128,167, annual cost of living at $73,038, and potential savings of $55,129. These figures showcase the opportunities available for residents to build their savings effectively. By analyzing income levels and cost of living, individuals can identify the most conducive environments for financial stability and growth.

GOBankingRates’ methodology involved analyzing cities with at least 100,000 residents to determine the best places for savings growth. Data was sourced from the U.S. Census American Community Survey, Sperling’s BestPlaces, Bureau of Labor Statistics, Zillow Home Value Index, and Federal Reserve Economic Data. This comprehensive approach ensures accurate and up-to-date information for making informed financial decisions.

Read more: 20 Best US Cities Where You Can Grow Your Savings