The 13 best big US cities to live in if you want to get rich

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Houston, Texas ranked as the best city for building wealth.
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Shutterstock

If you want to build a fortune, the biggest, most glamorous cities in the US might not be your best bet – rather than San Francisco and New York City, you may want to consider Houston, Cleveland, or Detroit.

That’s what Bankrate found in a new report that ranked the 18 largest US metro areas according to how strong of an environment they provide for making and saving money. To determine the rankings, Bankrate analyzed after-tax savable income; the job market; human capital, indicating available educational opportunities for career advancement; access to financial services; participation in retirement savings plans; and the local housing market in each city.

Read the full methodology here.

We’ve highlighted the top 13 big cities for building wealth. We also included the median home value in each metro area and the median household income, from the US Census Bureau‘s 2014 American Community Survey.


13. San Francisco

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Shutterstock.com

Population: 4,594,060

Median home value: $657,300

Median household income: $83,222


12. Seattle

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Shutterstock

Population: 3,671,478

Median home value: $334,700

Median household income: $71,273


11. Boston

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REUTERS/Brian Snyder

Population: 4,732,161

Median home value: $373,200

Median household income: $75,667


10. Chicago

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MaxyM/Shutterstock

Population: 9,553,810

Median home value: $211,800

Median household income: $61,598


9. Minneapolis-St. Paul

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WIkimedia Commons

Population: 3,495,176

Median home value: $216,400

Median household income: $69,111


8. Miami

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PHOTOSVIT / Shutterstock

Population: 5,929,819

Median home value: $210,000

Median household income: $48,458


7. Baltimore

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Shutterstock

Population: 2,785,874

Median home value: $279,900

Median household income: $71,501


6. Dallas-Fort Worth

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Shutterstock

Population: 6,954,003

Median home value: $160,600

Median household income: $59,530


5. New York

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Shutterstock.com / upthebanner

Population: 20,092,883

Median home value: $396,700

Median household income: $67,066


4. Detroit

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Flickr / Thomas Hawk

Population: 4,296,611

Median home value: 136,400

Median household income: $52,462


3. Cleveland

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Shutterstock

Population: 2,063,598

Median home value: $137,800

Median household income: $49,889


2. Washington, DC

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Shutterstock

Population: 6,032,744

Median home value: $386,900

Median household income: $91,193


1. Houston

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Shutterstock

Population: 6,490,180

Median home value: $153,200

Median household income: $60,072