10 Best Places To Live If You’re Trying To Save (And The 10 Worst)

LOS ANGELES _Population: 3,884,307 _Sales tax: 9.0 percent _Median house/condo value: $421,700 _Median monthly rent: $1,148 _Median income: $46,803 _Unemployment: 9.1 percent _Gas: $2.46 a gallon Los Angeles is second of the numerous California cities on our list, with a staggering unemployment rate, high sales tax and gas prices, and unaffordable housing. It's actually more expensive to own a home than rent in Los Angeles, which is contributing to a full-blown rental crisis in many areas. According to one analysis, a Los Angeles resident earning the median income would have to spent 47 percent of his earnings on rent _ well above the recommended 30 percent.

IRVINE, CALIF. _Population: 236,716 _Sales tax: 8 percent _Median house/condo value: 630,400 _Median monthly rent: $1,849 _Median income: $96,278 _Unemployment: 3.9 percent _Gas: $2.45 a gallon Irvine, Calif., has an impressive median income and low unemployment rate, but it's another California city with high median property values, high median rent, and high sales tax and gas prices. The city is known for its excellent public school system, easy access to beautiful beaches and cultural diversity, but you'll have to make a huge financial sacrifice to live there.

NEW YORK _Population: 8,405,837 _Sales tax: 8.875 percent _Median house/condo value: $478,400 _Median monthly rent: $1,196 -Median income: $50,895 _Unemployment rate: 7.7 percent _Gas: $2.43 a gallon New York is the only city on our list of worst places to save money that isn't in California. Though it makes for an affordable summer vacation destination, New York City is one of the most expensive places to live in the country, infamous for its high rent and property values, high sales tax and unemployment, and low median income. Still, more than 8 million people choose to live here, making it the largest city in the United States.

OAKLAND, CALIF. _Population: 406,253 _Sales tax: 9 percent _Median home/condo value: $399,700 _Median monthly rent: $1,075 _Median income: $48,196 _Unemployment rate: 9 percent _Gas: $2.47 a gallon Oakland was once an affordable alternative for people looking to escape the high cost of living in San Francisco, but now it is considered one of the most expensive places in the Bay Area. Between 2012 and 2013, the median sale price for a home in Oakland jumped 76 percent, which is a larger increase than San Francisco saw during the same time period.

SAN JOSE, CALIF. _Population: 998,537 _Sales tax: 8.75 percent _Median house/condo value: $537,400 _Median monthly rent: $1,466 _Median income: $80,900 _Unemployment: 6 percent _Gas: $2.47 a gallon Thanks to the tech boom, rent in San Jose is one of the highest in the country, and the median housing value isn't much better. The unemployment rate has fallen over the last five years and is now only slightly higher than the national average, but the high cost of housing, coupled with high sales tax and gas prices, makes this one of the worst cities for saving money.

LONG BEACH, CALIF. _Population: 469,428 _Sales tax: 9 percent _Median house/condo value: $402,400 _Median monthly rent: $1,070 _Median income: $47,387 _Unemployment: 9 percent _Gas: $2.39 a gallon High sales tax and gas prices, a 9 percent unemployment rate and staggering housing prices make Long Beach, Calif., one of the worst cities for saving money. This might not come as a surprise to those who know the city well _ it's just outside Los Angeles, the second-worst city on our list. The Long Beach weather might always be sunny and warm, and the beach is just a stone's throw away, but you could be throwing your savings goals off for a little sand and sun.

FREMONT, CALIF. _Population: 224,922 _Sales tax: 9 percent _Median house/condo value: $582,100 _Median monthly rent: $1,613 _Median income: $100,574 _Unemployment: 4.2 percent _Gas: $2.83 a gallon Fremont is popular due to its close proximity to Silicon Valley, the fact that it's home to many top-rated schools and better weather than many surrounding Bay Area cities, but living there can set you back financially. The median rent is even higher than San Francisco's and the median home value is higher than in Los Angeles. Still, the unemployment rate is lower than the national average and the median income is a breath-taking $100,574, which you'll need to offset the housing costs.

STOCKTON, CALIF. _Population: 298,118 _Sales tax: 9 percent _Median house/condo value: $156,600 _Median monthly rent: $895 _Median income: $43,321 _Unemployment: 12.7 percent _Gas: $2.33 a gallon Stockton has been described as one the most miserable and violent cities in California. Its real estate values were annihilated during the financial crisis and the city has an unbelievable 12.7 percent unemployment rate. Residents maintain that the locale is welcoming and has a strong sense of community, but that won't do your savings account any favors.

SANTA ANA, CALIF. _Population: 334,227 _Sales tax: 8 percent _Median house/condo value: $329,400 _Median monthly rent: $1,267 _Median income: $53,593 _Unemployment: 8.4 percent _Gas: $2.41 a gallon

Forbes might have listed Santa Ana as one of the safest places to live, but it's still one of the worst cities for saving money. Low crime rates are great, but high housing costs, unemployment and gas prices, and low median income make for an expensive combination. ___ Ranked: 100 Biggest Cities Survey Methodology: Cities are ranked according to the GOBankingRates Indicator, which scored the 100 largest U.S. cities by population in each of the following: population, sales tax, median house/condo value, median monthly rent, median income, unemployment rate and gas prices. Each criterion was weighted equally and scores in each category were combined to calculate final rankings.

Additional Sources: Unemployment rate, Bureau of Labor Statistics; Sales tax, sale-tax.com; Median home/condo price, median monthly rent, median household income and unemployment rate, City-Data.com and Zillow.com; average daily gas prices, gasbuddy.com. NOTE: Official rankings are adjusted to accommodate ties, some numbers might be skipped in order to reflect a range of 1-100. ___ ABOUT THE WRITER Morgan Quinn writes for GOBankingRates.com, a leading portal for personal finance news and features, offering visitors the latest information on everything from interest rates to strategies on saving money, managing a budget and getting out of debt.

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