But in many U.S. cities, you don’t have to choose. GOBankingRates crunched the numbers to find places where the average annual salaries are high and the cost of living is low.

To determine the top cities, GOBankingRates compared average annual income to average monthly living expenses for each area, taking into account median rent prices, groceries and utility bills, using data from Zillow, Numbeo and the U.S. Census Bureau.

Cities in the South and Midwest, such as Dallas and Omaha, dominated the list. Oklahoma City nabbed the No. 1 spot, thanks to an average annual income of $72,385 and estimated annual expenses of $18,701. That leaves over $53,000 per year for saving, investing and fun.

Here are 10 places that offer high wages coupled with an affordable cost of living, allowing you to bank more of your income for the future.

10. Charlotte, N.C.

  • Average annual income: $86,922
  • Median monthly rent: $1,344
  • Cost of annual necessities: $23,249

9. Dallas

  • Average annual income: $76,726
  • Median monthly rent: $1,445
  • Cost of annual necessities: $23,057

8. Tampa

  • Average annual income: $80,121
  • Median monthly rent: $1,344
  • Cost of annual necessities: $23,035

7. Bakersfield, Calif.

  • Average annual income: $76,673
  • Median monthly rent: $1,353
  • Cost of annual necessities: $22,632

6. Omaha, Neb.

  • Average annual income: $74,125
  • Median monthly rent: $1,324
  • Cost of annual necessities: $21,779

5. Durham, N.C.

  • Average annual income: $74,401
  • Median monthly rent: $1,341
  • Cost of annual necessities: $21,625

4. Phoenix

  • Average annual income: $73,135
  • Median monthly rent: $1,296
  • Cost of annual necessities: $21,412

3. Lexington, Ky.

  • Average annual income: $77,827
  • Median monthly rent: $1,215
  • Cost of annual necessities: $20,535

2. Kansas City, Mo.

  • Average annual income: $69,301
  • Median monthly rent: $1,092
  • Cost of annual necessities: $19,756

1. Oklahoma City, Okla.

  • Average annual income: $72,385
  • Median monthly rent: $1,070
  • Cost of annual necessities: $18,701

Emmie Martin, CNBCPublished 11:00 a.m. ET Feb. 28, 2018 | Updated 2:51 p.m. ET Feb. 28, 2018

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