Greensboro, North Carolina has long sold itself as being an inexpensive place to live but when you compare actual wages with what it costs to live here you may get a very different picture.
Glassdoor recently published a list of the 25 Cities Where Pay Goes The Farthest. Nearby Raleigh-Durham made the list at number 25 with a Cost of Living Ratio of 30%, Median Base Salary of $62,000, and a Median Home Value of $209,400.
Charlotte came in at #17 with a Cost of Living Ratio of 36%, a Median Base Salary of $58,000, and Median Home Value: $159,800.
So how did Greensboro do? Well Greensboro didn't make the list but according to City Data, the Estimated median household income in 2013 was $41,150 and the Estimated median house or condo value in 2013 was $155,300.
Did you catch that? Glassdoor posted Median Base Salaries of $62,000 and $58,000 for Raleigh-Durham and Charlotte respectively. But the Estimated median household income in Greensboro was thought to be only $41,150. And the median household income is the combined income of everyone living under the same roof.
With numbers like that you can see why I added this to Billy's Big List Of Documented Reasons Why Greensboro Sucks. After all, "If you can't beat 'em, shame 'em to hell."