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San Francisco Named Most Frugal City In America

The Coupons.com Savings Index listed San Francisco as 2014’s most frugal city in America. The nation’s capital, Washington D.C., took second place, while two Florida cities (Orlando and Tampa) followed closely behind. Several other cities in the South, such as Charlotte, Atlanta, Nashville, and Virginia Beach, made the Top 10 alongside Cleveland and Denver.

San Francisco’s notoriety for its skyrocketing cost of living could be the reason why it reached the top spot for frugality. According to one report, one would have to earn almost $30 a hour — over four times the federal minimum wage and almost triple the local minimum wage — to afford a one-bedroom apartment in the city. Many people in the city take in roommates or live with their partners in order to alleviate the cost of housing (and living in general)

 

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