Want to get rich? Get out of NYC and head for Texas

Reuters reports:

If you want to get rich leave New York City, Washington DC or Los Angeles and head to Plano, Texas, Aurora, Colorado or Omaha, Nebraska where wages are high and life is good, a new survey showed.

A poll that ranked 69 U.S. cities with populations of more than 250,000 people showed the best places to build personal wealth and raise a family were in cities where some of the nation's largest companies are headquartered.

The No. 1 city, Plano, is the ninth largest metropolis in Texas and home to corporate headquarters including soft drink company Dr Pepper Snapple Group, PepsiCo's snack foods company Frito-Lay and movie theater company Cinemark.

"The city has a reputation as one of the best places in the country for employers to do business and for families to live and work. Plano has a nationally acclaimed public education system and well-educated, diverse residents," Salary.com, a pay and performance web site that conducted the survey, said.

It's hard to accumulate money when you are paying a New York City income tax on top of a New York state income tax.