Liam Norris—Getty Images
By Tanza Loudenback/Business Insider
September 24, 2017

You don’t always have to earn six figures to live well.

In fact, in 31 cities across the US, it’s possible to cover your necessities, and still splurge and save money while bringing home a $50,000 annual paycheck — or less.

That’s according to a recent study by GOBankingRates, which gathered data for the 270 most populous US cities to find out where a single person could live according to the 50/30/20 plan— a budget that allots 50% of your take-home pay toward necessities, 30% for discretionary spending, and 20% for saving.

The plan ensures you cover all your financial bases, while still leaving room for flexibility.

To find out where you could live by the 50/30/20 plan on $50,000 or less a year — that’s take-home pay, not pre-tax income — GOBankingRates examined the following monthly expenses for a single person in 270 cities:

  • Housing: the median rent for a one-bedroom apartment in each city, sourced from Zillow’s June 2017 rental index
  • Groceries: the recommended amount reported by cost-of-living database Numbeo.com for each city
  • Utilities: the average bill for a 915-square-foot apartment in each city, according to estimates from Numbeo.com
  • Transportation: costs according to the Economic Policy Institute’s Family Budget Calculator for each city or its nearest metropolitan area
  • Health insurance: premiums as estimated at the state level for 2017 by the Department of Health and Human Services

GOBankingRates multiplied the total monthly cost of necessities for each city by 12 to get the annual cost. To live by the 50/30/20 plan, a person would need to earn twice as much as their fixed expenses, so GOBankingRates doubled the total cost of necessities to arrive at the total recommended take-home pay for each city.

Below, check out the 31 places where you can live on $50,000 or less a year. For each city, we included the annual after-tax income needed to live comfortably and how a 50/30/20 plan would break down monthly for a single person.


El Paso, Texas

Getty Images

Take-home pay needed: $40,204

Monthly budget:

• 50% necessities: $1,675

• 30% splurges: $1,050

• 20% savings: $670


Springfield, Missouri

mrcmos—Getty Images

Take-home pay needed: $40,834

Monthly budget:

• 50% necessities: $1,701

• 30% splurges: $1,021

• 20% savings: $681


Lubbock, Texas

Texas Tech University Lubbock
David Kozlowski#67402—Moment Editorial/Getty Images

Take-home pay needed: $43,201

Monthly budget:

• 50% necessities: $1,800

• 30% splurges: $1,080

• 20% savings: $720


Albuquerque, New Mexico

Bob Thomason—© 2014 Bob Thomason

Take-home pay needed: $43,573

Monthly budget:

• 50% necessities: $1,816

• 30% splurges: $1,089

• 20% savings: $726


Detroit, Michigan

Ken Ross / Design Pics—Getty Images/Perspectives

Take-home pay needed: $44,080

Monthly budget:

• 50% necessities: $1,837

• 30% splurges: $1,102

• 20% savings: $735


Spokane, Washington

Wolfgang Kaehler—LightRocket via Getty Images

Take-home pay needed: $44,342

Monthly budget:

• 50% necessities: $1,848

• 30% splurges: $1,109

• 20% savings: $739


Wichita, Kansas

John Coletti—Getty Images

Take-home pay needed: $44,776

Monthly budget:

• 50% necessities: $1,866

• 30% splurges: $1,153

• 20% savings: $746


Fresno, California

Davel5957—Getty Images/iStockphoto

Take-home pay needed: $44,838

Monthly budget:

• 50% necessities: $1,868

• 30% splurges: $1,121

• 20% savings: $747


Bloomington, Indiana

Sanjin Wang—Getty Images

Take-home pay needed: $45,663

Monthly budget:

• 50% necessities: $1,903

• 30% splurges: $1,164

• 20% savings: $761


Cincinnati, Ohio

Adam Jones—Getty Images

Take-home pay needed: $45,702

Monthly budget:

• 50% necessities: $1,904

• 30% splurges: $1,143

• 20% savings: $762


Reno, Nevada

Mitch Diamond—Getty Images

Take-home pay needed: $46,269

Monthly budget:

• 50% necessities: $1,928

• 30% splurges: $1,157

• 20% savings: $771


Tuscon, Arizona

Walter Bibikow—Getty Images/AWL Images RM

Take-home pay needed: $46,310

Monthly budget:

• 50% necessities: $1,930

• 30% splurges: $1,158

• 20% savings: $772


Billlings, Montana

Ron Reiring—Getty Images

Take-home pay needed: $46,524

Monthly budget:

• 50% necessities: $1,939

• 30% splurges: $1,163

• 20% savings: $775


Lexington, Kentucky

Henryk Sadura—Getty Images/Tetra images RF

Take-home pay needed: $46,623

Monthly budget:

• 50% necessities: $1,943

• 30% splurges: $1,166

• 20% savings: $777


Tyler, Texas

Take-home pay needed: $46,882

Monthly budget:

• 50% necessities: $1,953

• 30% splurges: $1,172

• 20% savings: $781


Rochester, New York

Richard Cummins—Getty Images/Lonely Planet Images

Take-home pay needed: $46,964

Monthly budget:

• 50% necessities:$1,957

• 30% splurges: $1,174

• 20% savings: $783


Gainesville, Florida

Walter Bibikow—Getty Images/Lonely Planet Images

Take-home pay needed: $47,112

Monthly budget:

• 50% necessities: $1,963

• 30% splurges: $1,178

• 20% savings: $785


Indianapolis, Indiana

Henryk Sadura—Copy Rights by Henryk Sadura

Take-home pay needed: $47,155

Monthly budget:

• 50% necessities: $1,965

• 30% splurges: $1,179

• 20% savings: $786


Missoula, Montana

Robin Carleton / Aurora Photos—Getty Images/Aurora Creative

Take-home pay needed: $47,221

Monthly budget:

• 50% necessities: $1,968

• 30% splurges: $1,181

• 20% savings: $787


Boise, Idaho

vincentanzalone—Getty Images/RooM RF

Take-home pay needed: $47,432

Monthly budget:

• 50% necessities: $1,976

• 30% splurges: $1,186

• 20% savings: $791


Columbus, Ohio

Getty Images

Take-home pay needed: $47,768

Monthly budget:

• 50% necessities: $1,990

• 30% splurges: $1,194

• 20% savings: $796


Little Rock, Arkansas

Walter Bibikow—Getty Images

Take-home pay needed: $48,117

Monthly budget:

• 50% necessities: $2,005

• 30% splurges: $1,203

• 20% savings: $802


San Antonio, Texas

Skyline of San Antonio, Texas
Don Klumpp—Getty Images

Take-home pay needed: $48,288

Monthly budget:

• 50% necessities: $2,012

• 30% splurges: $1,207

• 20% savings: $805


Tulsa, Oklahoma

Walter Bibikow—Getty Images

Take-home pay needed: $48,515

Monthly budget:

• 50% necessities: $2,022

• 30% splurges: $1,213

• 20% savings: $809


Newport News, Virginia

Panoramic Images—Getty Images/Panoramic Images

Take-home pay needed: $48,726

Monthly budget:

• 50% necessities: $2,030

• 30% splurges: $1,218

• 20% savings: $812


Las Vegas, Nevada

Ethan Miller—Getty Images

Take-home pay needed: $48,748

Monthly budget:

• 50% necessities: $2,031

• 30% splurges: $1,219

• 20% savings: $813


Louisville, Kentucky

Douglas Sacha—Getty Images

Take-home pay needed: $48,989

Monthly budget:

• 50% necessities: $2,041

• 30% splurges: $1,247

• 20% savings: $817


St. Louis, Missouri

Cityscape of St Louis at sunrise with the iconic Gateway Arch overlooking the Mississippi River.
Allan Baxter—Getty Images

Take-home pay needed: $49,034

Monthly budget:

• 50% necessities: $2,043

• 30% splurges: $1,226

• 20% savings: $817


Mesa, Arizona

Brian Stablyk—Getty Images

Take-home pay needed: $49,494

Monthly budget:

• 50% necessities: $2,062

• 30% splurges: $1,237

• 20% savings: $825


Oklahoma City, Oklahoma

Bloomberg—Bloomberg via Getty Images

Take-home pay needed: $49,594

Monthly budget:

• 50% necessities: $2,066

• 30% splurges: $1,240

• 20% savings: $827


Marietta, Georgia

Take-home pay needed: $49,597

Monthly budget:

• 50% necessities: $2,067

•30% splurges: $1,240

•20% savings: $827

 

This article originally appeared in Business Insider.

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