This Ohio city is the ‘easiest’ to save money in, data shows

in Community/Local News

Are you saving as much as you’d like? Keeping extra money in the bank for emergencies or expenses is one of the wisest things you can do but depending on where you live, it can be more difficult.

Recently, personal finance outlet FinanceBuzz analyzed data for 125 U.S. cities with populations greater than 200,000 to rank them based on several metrics, including cost of living, median income and debt-to-income ratios. The cities were then ranked based on ease of saving to difficulty — and one Ohio city came out on top of the whole list as the city where it’s easiest to save.

FinanceBuzz found Toledo to have the second-lowest cost of living of all cities, not to mention having low rent and mortgage costs compared to income. The outlet also found that Toledo ranks among the lowest median credit card debt for residents, and placed in the top three nationally in terms of favorable rent/mortgage costs-compared-to-income ratios.

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