It's easy to get rich here
Want to get rich? Stay right where you are. Or move to Plano, Texas. But who really wants to do that anyway?
According to a new survey released on Salary.com Minneapolis is the fourth best place in the country to bring in and multiply the bling.
The "2008 Salary Value Index" ranked the 69 best and worst cities to build personal wealth by comparing individual salaries with the cost of living and rate of unemployment. The top five places to rake in the dough:
1. Plano, Texas 2. Aurora, Colorado 3. Omaha, Nebraska 4. Minneapolis, Minnesota 5. Albuquerque, New Mexico
According to Reuters:
Plano, is the ninth largest metropolis in Texas and home to corporate headquarters including soft drink company Dr Pepper Snapple Group, PepsiCo's snack foods company Frito-Lay and movie theater company Cinemark.
"The city has a reputation as one of the best places in the country for employers to do business and for families to live and work. Plano has a nationally acclaimed public education system and well-educated, diverse residents," Salary.com, a pay and performance web site that conducted the survey, said.
I don't know about you, but I'm not moving anywhere near Texas -- salty, wonderful Frito chips aside. Unfortunately, the five worst cities to build vast personal wealth are the places most of us would rather be: New York; Washington, D.C.; Los Angeles; Honolulu; and San Francisco.
"These cities do have some of the highest average wages in the country, but when it comes time to stretching your dollar and accumulating a nest egg for the future, it is difficult to do in these cities," Salary.com said.
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