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.
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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.
1. Naperville, Illinois
Savings from median income: $82,452
Annual cost of living: $68,485
Median household income: $150,937
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2. Sugar Land, Texas
Savings from median income: $82,709
Annual cost of living: $55,432
Median household income: $137,511
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3. Fishers, Indiana
Savings from median income: $72,940
Annual cost of living: $55,201
Median household income: $128,141
4. Frisco, Texas
Savings from median income: $72,679
Annual cost of living: $73,479
Median household income: $146,158
5. League City, Texas
Savings from median income: $71,749
Annual cost of living: $48,121
Median household income: $119,870
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6. Carmel, Indiana
Savings from median income: $71,484
Annual cost of living: $63,118
Median household income: $134,602
7. Allen, Texas
Savings from median income: $69,529
Annual cost of living: $59,601
Median household income: $129,130
8. McKinney, Texas
Savings from median income: $60,446
Annual cost of living: $59,827
Median household income: $120,273
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9. Olathe, Kansas
Savings from median income: $59,686
Annual cost of living: $52,546
Median household income: $112,232
10. Pearland, Texas
Savings from median income: $57,553
Annual cost of living: $54,917
Median household income: $112,470
11. Centennial, Colorado
Savings from median income: $55,129
Annual cost of living: $73,038
Median household income: $128,167
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12. Elk Grove, California
Savings from median income: $52,327
Annual cost of living: $69,902
Median household income: $122,229
13. Overland Park, Kansas
Savings from median income: $47,899
Annual cost of living: $55,939
Median household income: $103,838
14. Midland, Texas
Savings from median income: $46,948
Annual cost of living: $44,221
Median household income: $91,169
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15. Joliet, Illinois
Savings from median income: $46,691
Annual cost of living: $41,335
Median household income: $88,026
16. Plano, Texas
Savings from median income: $45,073
Annual cost of living: $63,576
Median household income: $108,649
17. Carrollton, Texas
Savings from median income: $44,139
Annual cost of living: $54,976
Median household income: $99,115
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18. Round Rock, Texas
Savings from median income: $44,044
Annual cost of living: $53,143
Median household income: $97,187
19. Clovis, California
Savings from median income: $42,894
Annual cost of living: $57,466
Median household income: $100,360
20. Goodyear, Arizona
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.
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This article originally appeared on GOBankingRates.com: 20 Best US Cities Where You Can Grow Your Savings
