New Yorkers, Stop Whining: You Could Be Saving More Money Per Year Than Philadelphians

CBS Philly

PHILADELPHIA (CBS) – Residents of the Big Apple – one of the most expensive cities in the world – should find it easier to save than Philadelphians.

That’s just one of the surprising bits of information to be found in a new study on savings potential in big cities done by money management website Interest.com.

The research, which looked at median family income and median family expenses in 18 major cities across the U.S., found that families in every city except one should be able to save thousands each year – if they limit their spending to the median cost of living, that is.

Baltimore, MD clocked in as the city with the largest “savings opportunity,” or what Interest.com defines as the difference between the median household after-tax income and the median cost of living in that city. Those living in Charm City could save up to $24,250 a…

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