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How far does your paycheck go in Indy?

Posted at 8:25 AM, Jul 06, 2016
and last updated 2016-07-06 16:27:34-04

INDIANAPOLIS -- Indianapolis ranks No. 5 in a recent study of a combination of wages and cost of living.

The study by Forbes compared median base salary to median home value to determine what cities will help your paycheck go the furthest.

No. 1 in the country was Detroit, Michigan, with a median base salary of $61,500 and a median home value of $123,100. 

Indianapolis has a median base salary of $56,000, with a median home value of $130,200.

Many of the cities in the top 10 -- not just Indianapolis -- are in the midwest. 

The full top 10 from the list are:

  • Detroit
  • Memphis, Tenn.
  • Pittsburgh, Pa.
  • Cleveland
  • Indianapolis
  • St. Louis, Mo. 
  • Cincinnati, Ohio
  • Birmingham, Ala.
  • Kansas City, Missouri
  • Louisville, Ky.

For the full top 25 from Forbes, click here.