But you have also make sure you'll be able to find a job there, which for many workers rules out cities such as Portland. It's a place where young people go to retire, not to work, to paraphrase the television show "Portlandia."
Glassdoor combined a measure of the cost of living as well as the number of openings with data from their users in different cities about how satisfied they are with their job. Even if you can find a job that pays the rent, it helps if it's a job you like.
Based on these factors, Raleigh, N.C., came in at the top of the ranking. That's no surprise. Employers are attracted to the area because they can draw talented workers from three major universities, without paying the high costs of doing business in the Northeast or Silicon Valley.
Kansas City, Mo., Oklahoma City, Austin, Tex. and Seattle round out the top five. Washington, D.C. is in 10th place, and San Francisco is in in 12th, indicating that workers are finding they have a chance in these two cities, despite how costly it can be to live there.
The full list, in order: Raleigh, N.C.; Kansas City, Mo.; Oklahoma City; Austin; Seattle; Salt Lake City; San Jose, Calif.; Louisville, Ky.; San Antonio; Washington, D.C.; St. Louis; San Francisco, Columbus, Ohio; Dallas-Fort Worth, Texas; Boston; Minneapolis-St. Paul, Minn.; Memphis; Indianapolis; Chicago; Houston; Baltimore; Richmond; Pittsburgh; and Nashville.
A few caveats about this list: First, it mainly relies on data from Glassdoor, which might not be representative of the labor market as a whole. Second, to calculate the cost of living, the authors simply divided median home values by median salaries reported to Glassdoor in each city. It's a narrow measure of the cost of living, and other expenses, such as food and transportation, might be a larger share of a worker's expenses in some areas.
A more important question is how many people will take advantage of a list like this one. It used to be that American workers would move frequently if they thought a new place would give them a better chance of finding a job. In recent decades, though, the work force has become less mobile, a shift that concerns some economists.
If the economy is creating new opportunities for work in some areas, but the people who are out of work live in others, it's much harder for them to get ahead. The businesses looking for extra pairs of hands are out of luck, too.