20 Best US Cities Where You Can Grow Your Savings

A healthy savings account — or multiple accounts, as the case may be — is a crucial step towards long-lasting financial stability. Savings accounts provide safety nets for financial emergencies and unplanned events, and also create an added and almost-always necessary extra layer of stability for one’s retirement. As such, living in an environment in which you can best grow your savings should be, for many people, a must.

With that in mind, GOBankingRates has compiled a list of cities with populations of at least 100,000, and from those cities, GOBankingRates has studied income levels (per the U.S. Census American Community Survey) and cost of living (per Sperling’s BestPlaces, the Bureau of Labor Statistics Consumer Expenditure Survey, Zillow Home Value Index for February 2025 and Federal Reserve Economic Data) — all to discern the 20 cities that would best allow you to grow your savings.

With low annual costs of living as well as rental costs, and with stable median income levels, these cities provide their residents with the best opportunities to grow their savings.

• Savings from median income: $82,452
• Annual cost of living: $68,485
• Median household income: $150,937

• Savings from median income: $82,709
• Annual cost of living: $55,432
• Median household income: $137,511

• Savings from median income: $72,940
• Annual cost of living: $55,201
• Median household income: $128,141

• Savings from median income: $72,679
• Annual cost of living: $73,479
• Median household income: $146,158

• Savings from median income: $71,749
• Annual cost of living: $48,121
• Median household income: $119,870

• Savings from median income: $71,484
• Annual cost of living: $63,118
• Median household income: $134,602

• Savings from median income: $69,529
• Annual cost of living: $59,601
• Median household income: $129,130

• Savings from median income: $60,446
• Annual cost of living: $59,827
• Median household income: $120,273

• Savings from median income: $59,686
• Annual cost of living: $52,546
• Median household income: $112,232

• Savings from median income: $57,553
• Annual cost of living: $54,917
• Median household income: $112,470

• Savings from median income: $55,129
• Annual cost of living: $73,038
• Median household income: $128,167

• Savings from median income: $52,327
• Annual cost of living: $69,902
• Median household income: $122,229

• Savings from median income: $47,899
• Annual cost of living: $55,939
• Median household income: $103,838

• Savings from median income: $46,948
• Annual cost of living: $44,221
• Median household income: $91,169

• Savings from median income: $46,691
• Annual cost of living: $41,335
• Median household income: $88,026

• Savings from median income: $45,073
• Annual cost of living: $63,576
• Median household income: $108,649

• Savings from median income: $44,139
• Annual cost of living: $54,976
• Median household income: $99,115

• Savings from median income: $44,044
• Annual cost of living: $53,143
• Median household income: $97,187

• Savings from median income: $42,894
• Annual cost of living: $57,466
• Median household income: $100,360

• Savings from median income: $42,462
• Annual cost of living: $59,352
• Median household income: $101,814

Methodology: For this study, GOBankingRates analyzed cities with populations of at least 100,000 to find the best places where your savings can grow. Median income was sourced from the U.S. Census American Community Survey, and cost of living was calculated using data from Sperling’s BestPlaces, the Bureau of Labor Statistics Consumer Expenditure Survey, Zillow Home Value Index for February 2025 and Federal Reserve Economic Data. All data was collected on and is up to date as of Apr. 15, 2025.