These 10 cities are the very best locations to earn a living from home within the U.S.
Although many corporations have returned to the workplace, almost half (48%) of staff plan to pursue roles that enable them to earn a living from home, in line with the Society of Human Useful resource Administration — and a brand new report from SmartAsset, a monetary tech firm, has revealed that Austin, Texas is the very best metropolis to take action.
SmartAsset’s report ranked 100 of America’s largest cities throughout eight metrics together with the proportion of the workforce that works from dwelling, median month-to-month housing prices, unemployment fee, revenue tax fee, espresso store density and bar density to find out the very best metropolis for distant work.
Austin, Texas snagged the primary spot, with Scottsdale, Arizona and Pittsburgh, Pennsylvania trailing carefully behind.
Primarily based on the report, listed here are the highest 10 cities to earn a living from home within the U.S:
- Austin, Texas
- Scottsdale, Arizona
- Pittsburgh, Pennsylvania
- Chandler, Arizona
- Durham, North Carolina
- Charlotte, North Carolina
- Fremont, California
- Nashville, Tennessee
- Gilbert, Arizona
- Mesa, Arizona
“The share of Austin residents working from dwelling was 38.8% in 2021, which was the sixth-highest proportion in our examine,” Susannah Snider, CFP and managing editor of monetary training at SmartAsset, tells CNBC Make It. “The five-year change within the proportion of individuals working from dwelling was 30.6%, which was the seventh-highest proportion in our examine.”
“Moreover, Austin is dwelling to a excessive focus of espresso retailers (making up almost 1 in 100 institutions) and Austin additionally carried out properly in our revenue tax fee metric, since Texas has no state revenue tax.”
Scottsdale, Arizona was ranked extremely for its “comparatively low state revenue taxes” as a employee incomes $75,000 within the state “pays lower than 23% of their revenue towards federal and state taxes,” in line with the report.
Whereas analyzing espresso store and bar density, which Snider says helps “decide the cities with probably the most remote-work-friendly choices exterior of the house,” Pittsburgh, Pennsylvania was extraordinarily favorable. The state holds the tenth highest bar density, along with low housing prices.
“Pittsburgh, Pennsylvania is the one metropolis in our high 10 the place median month-to-month housing prices fall beneath $1,000,” stated Stephanie Horan, a chief educator of private finance at SmartAsset, within the report. “With extra inexpensive housing prices, staff could possibly purchase or lease a bigger dwelling that may accommodate an workplace.”
Mesa, Arizona takes the tenth spot on the record. In Mesa, the unemployment fee is the eighth-lowest (4.2%) and the variety of properties and flats with two or extra bedrooms is the Twenty ninth-highest (85.5%). Much like Scottsdale, professionals incomes $75,000 can be taxed by the federal and state governments at 22.90%.
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