What we’re reading…
- Best Buy’s secrets for thriving in the Amazon age [NYTimes]
- ‘Netflix for theaters’ sending industry into a frenzy [NYPost]
- Nest finally goes beyond thermostats and cameras with a video doorbell. Read More
- Robo-advisor portfolios are different enough that they require some research. (marketwatch.com)
- How Millennials can prepare for the next financial crisis. (awealthofcommonsense.com)
- What it’s like to plan for ‘non-retirement.’ (blogs.cfainstitute.org)
Can the working class afford to live in your city?
Here are the top five cities with the net surplus remaining after living expenses:
1. Fort Worth, TX ($10,447)
2. Newark, NJ (($10,154)
3. Glendale, AZ ($10,120)
4. Gilbert, AZ ($9,760)
5. Mesa, AZ ($7,780)
Arizona dominates the list. If we were to keep going, the Grand Canyon State would take #6 and #7 too. The Sun Belt clearly has an economic advantage for workers.
1. New York, NY (-$91,184)
2. San Francisco, CA (-$83,272)
3. Boston, MA (-$61,900)
4. Washington, DC (-$50,535)
5. Philadelphia, PA (-$37,850)
You read that correctly. The typical working-class family would need an additional $91K+ per year in New York City just to break even on a reasonable standard of living.
Image credit: Michael Steele and Flickr