These are the best and worst U.S. cities for saving money. (via CNBCMakeIt)
Yearly cost of living rank: 13Daily cost of living rank: 73Stewart F. House / Stringer | GettyPlano, Texas, took the top spot, thanks in part to the fact that those who live in this southern locale pay low gas prices and no income tax.The ranking also named Newark, New Jersey, the hardest place to save. The city scored poorly in several categories, including the percent of median income that goes toward rent and the percent of median income that's spent on groceries.
Other cities where it's difficult to save include Los Angeles; New Orleans; Hialeah, Florida; and Miami. Los Angeles has extremely expensive housing and gas prices, while New Orleans residents spend a larger portion of their income on groceries compared to those in other major cities. Hialeah, Florida, and Miami each scored low for the ratio of median income to median rent and the cost of groceries.
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