Austin = America's Best Bargain Cities

Forbes.com has ranked Austin as America's Best Bargain Cities by Forbes.com.

Top 5 Bargain Cities are:

1. Austin, Texas

(Austin-Round Rock, Texas)

Cost of Living: 3 of 50

Housing Opportunity: 24 of 50

Unemployment Rate: 1 of 50

Average Salary: 20 of 50

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2. Phoenix, Ariz.

(Phoenix-Mesa-Scottsdale, Ariz.)

Cost of Living: 13 of 50

Housing Opportunity: 14 of 50

Unemployment Rate: 6 of 50

Average Salary: 21 of 50

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3. Washington, D.C.

(Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va.)

Cost of Living: 38 of 50

Housing Opportunity: 21 of 50

Unemployment Rate: 2 of 50

Average Salary: 4 of 50

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4. Fort Worth, Texas

(Fort Worth-Arlington, Texas)

Cost of Living: 16 of 50

Housing Opportunity: 10 of 50

Unemployment Rate: 8 of 50

Average Salary: 34 of 50

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5. Cincinnati, Ohio (tie)

(Cincinnati-Middletown, Ohio-Ky.-Ind.)

Cost of Living: 9 of 50

Housing Opportunity: 7 of 50

Unemployment Rate: 23 of 50

Average Salary: 33 of 50

© iStock

5. Indianapolis, Ind. (tie)

(Indianapolis-Carmel, Ind.)

Cost of Living: 13 of 50

Housing Opportunity: 1 of 50

Unemployment Rate: 17 of 50

Average Salary: 41 of 50

Happy investing!!!