Trip Advisor

As much as living in major U.S. cities is glorified in TV and film, the reality can be untenable for most American families. Depending on on one's marital status, health care, child care, transportation, and needs for every day sustenance, some cities are twice as expensive as others just to satisfy basic living necessities. Experts used MIT's living wage calculator to assess the minimum income required to live in these 10 major cities. The calculations are based on a family of two adults and one child, and they don't include any leftover funds for dining out at restaurants, taking vacations, or adding to savings. Additionally, banking experts used the 50-30-20 rule (50% necessities, 20% savings, 30% disposable income) to assess what incomes are necessary to live comfortably in these major cities, including perks like dining out and putting money aside for the future.

1. New York

Living wage: $67,817

Living comfortably: $99,667

The Big Apple certainly has one of the highest rents in the country, averaging $2,295 a month. Groceries and healthcare also contribute to a high cost of living.

2. Los Angeles

Living wage: $65,963

Living comfortably: $87,260

With rent averaging $2,050 a month, property costs consistently present a challenge for affordable living. There's currently a $51,538 difference between median income and what's needed to I've comfortably.

3. Chicago

Living wage $59,215

Living comfortably: $76,086

Chicago's sprawling public transit system gives the city the second-lowest transportation costs among the 50 most populated cities in the U.S.

4. Boston

Living wage: $55,777

Living comfortably: $88,967

With rent averaging $2,100 a month, property and food costs are especially high in Boston. However, the city has one of the lowest annual transportation costs.

5. Atlanta

Living wage: $50,049

Living comfortably: $76,049

Atlanta's recent tech boom is also driving up costs of living. Unfortunately, this means there's about a $26,651 difference between median household income and the minimum salary to "live comfortably."

6. Philadelphia

Living wage: $55,600

Live comfortably: $73,005

Housing is the most expensive aspect of living in Philadelphia, with the median cost of a home averaging $147,000.

7. Denver

Living wage: $56,258

Live comfortably: $77,562

Not too long ago Denver was considered the fastest growing city in the U.S, which drove the cost of living higher. Now the difference between median income and a comfortable salary is still over $20,000.

8. Austin

Living wage: $54,638

Live comfortably: $73,163

Between 2017 and 2018, Austin's booming popularity sparked a large spike in cost of living. Transportation costs and healthcare are particularly expensive.

9. San Francisco

Living wage: $78,386

Live comfortably: $123,268

Out of the 50 most populated U.S. cities, San Francisco is the most expensive. With an average cost of $3,300 per month for rent, that's almost $40,000 a year for property alone.

10. Portland

Living wage: $58,423

Live comfortably: $79,397

After a recent explosion in popularity, the cost of living in Portland has risen with higher rent and property costs. Additionally, transportation is particularly expensive to get around the sprawling city.

When you're contemplating re-locating or settling down for the first time, the cost of living you should budget for can vary wildly depending on your family size, your vocation, and your needs. Consider your health care costs, means of transportation, and whether you plan to rent or own before you commit to a new city.

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I thought I had a pretty good handle on my finances out of school. I worked several jobs while attending university and had little to no problem managing my income. However, once I graduated, I realized how much more complicated personal accounting could really be.

There were so many variables I needed to keep track of. Biweekly bills, monthly charges, and general necessities amounted to a heap of confusing numbers that were often impossible to decipher. The funniest part was that I was actually trying to do this by hand (I don't know what I was trying to prove to myself, either).

After messing up for the 17th time, I decided to give Microsoft Excel a shot. I used Excel a bit in school and I knew all the big-wig finance people used it, so what could I possibly have to lose? The answer is about six hours of my precious time. Excel isn't much of an improvement over handwriting and it's still dependent on the user to manually input all of the information. It's like doing everything by hand with the slightest help, meaning that it still required a tremendous amount of time and concentration. Well that was all for nothing, I guess.

It's sort of funny. I was certain that I could manage my personal finances with ease, when it's practically a full-time job. I was already stressed out enough with my first job and I knew I didn't have enough time to give my finances the attention it deserved.

That's why I decided to try out a budgeting app. My best friend told me that he uses an app called Truebill to manage his finances. "What does it even mean to manage your finances?" I asked him. He told me that Truebill was the personal financial assistant I wished I could have. It could aggregate all of my account information into one place and give me specific insights and actions.

I loved the idea of having full control over my finances, especially during a time of financial uncertainty, and I realized that Truebill would be the easiest way to accomplish this. The user interface is incredibly simple and intuitive, so it doesn't even feel like a finance app! Truebill offers a multitude of features, with their most popular being the ability to cancel subscriptions with the press of a button.

Okay, I had no idea how many subscriptions I was still subscribed to. In fact, I wasn't even using a quarter of the subscription services I was signed up for. Subscription boxes, streaming services, my old gym, and even an old subscription to my favorite magazine--it was all there and I was livid. How could I let myself waste all of this money and how did I never catch this? Thank goodness for Truebill.

Truebill also offers bill negotiations. There is a 40% fee based on how much you save and Truebill even claims that there is an 85% chance that they'll be able to lower your bill once a negotiation is requested. Why wouldn't I take them up on this? There was zero risk and I would only have to pay once my bill was lowered (which means that I would be saving money regardless).

More standard features of Truebill include the ability to generate a credit report on-demand and even request a pay advance. I only used the pay advance feature once when I wanted to buy a gift for my mom, but didn't have enough cash in hand and Truebill automatically reimbursed itself when I got my next paycheck.

The credit report is another fantastic feature and practically taught me what good credit meant. Truebill's credit report basically shows you which financial decisions have the most significant impact on your credit score and ways that you can improve your credit month-over-month. I've never had such control over my credit and it feels good.

I'll be the first to admit that I was extremely naive coming out of school. I figured that as long as I was attentive, I could manage my finances with ease. We manage money to some extent throughout our entire lives, but once you're thrown out on your own, it's a completely different story. With Truebill, I've finally been able to take control over my finances and stay on top of all of my responsibilities.

Update: Our friends at Truebill are extending a special offer to our readers! Follow this link to sign-up for Truebill.

My buddies and I always try to make it out to a game, but we never really care which one we end up at. Obviously we have our favorite sports and teams, but it was rarely about what game we went to or who we saw playing. It was about watching the game live.

In the early months of lockdown, all we had was Korean baseball, and trust me, we loved it. The only issue was, none of us had any idea what the commentators were saying. Even then, a few of my friends weren't huge fans of baseball. They were into sports like football and basketball, ones that moved at a quicker pace with less down-time in between plays.

We decided to see if there were any other events going down and came across horse racing. Yes, horse racing. It was perfect--short, fast-paced, and most importantly, an opportunity for betting.

I had never really considered watching a horse race any time other than the Belmont Stakes, but the prospects of the sport seemed exhilarating. Even better, with horse racing we knew we could still recreate the atmosphere of a race track. Salty snacks? Check. Stale beer? Check. A simple and easy way to bet? Check.

One quick Google search later, we came across TVG, powered by FanDuel. It's an online betting platform that takes you right to the heart of the action. We were a little apprehensive about using a mobile app to place our bets, but TVG's ability to bet on live horse races from all over the world was too good to pass up.

Here are 5 reasons why we are obsessed with horse racing thanks to TVG:

1. Betting has never been easier

Use your phone or computer to watch and bet on live horse races in real-time. TVG offers a bunch of features to make betting even simpler--live odds and handicapping tips leverage recent learnings to help you make your best bet. Not to mention, TVG's exclusive race content and wagering guide offers an under-the-hood look into the strategy behind horse race betting.

2. The biggest selection of horse races out there

If you're looking to drop a little dough on a horse race, chances are your best option is your local race track. But watching the same few horses races over and over again isn't the most exciting thing. With TVG you have access to over 150 tracks worldwide with races happening consistently throughout the day.

3. Get a generous sign-up offer when you place your first bet

Once you register your account, you will be eligible for a $200 risk-free bet. All you have to do is place your first bet and you're covered. If you happen to lose, TVG will insure you for up to $200 as a sort of wagering credit. I may have been a little trigger happy when placing my first bet, so having this insurance was a great perk. There are also a bunch of promotional offers available year-round.

4. Making deposits and cashing out at the touch of button

With a ton of payment options such as PayPal, BetCash, debit/credit, wire transfers, and other third-party services, making a deposit is a breeze. But what about the payout? Depending on your deposit method, your withdrawal will be available in a few days. No more waiting in-line to collect your winnings!

5. Watching live races with your friends while betting is exhilarating

Even when we were watching Korean baseball, Zoom calls with my friends were a little dull.

With TVG, we haven't had this sort of fun in months! Every weekend we'll turn on a race and throw our bets in. After a few races, and quite a few drinks, we'll tally up our winnings to see who won the most! Sometimes it's not even about making money, but just having a good time.

TVG is the perfect way to add a little excitement to an otherwise mundane afternoon. It introduced me to the world of horse racing, a sport I never would have considered otherwise.

The races just keep ramping up and thanks to TVG, I can always get in on the fun.

UPDATE: The biggest derby in horse racing is THIS WEEKEND. Get in on the action with your $200 risk-free bet!

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