Moving Out of NYC

I know a person that is thinking about moving out of New York City. She is thinking about places, like Nebraska, where a house costs $125,000 rather than $500,000. She thinks that it is impossible for a young urban professional to become a millionaire while renting in NYC.

New York City is known to have a high cost of living. To do quick research about how far your salary will go in another city, check out the cost of living calculator provided by CNN Money: http://cgi.money.cnn.com/tools/costofliving/costofliving.html